Emdeon to use funds from revolver for Change Healthcare purchase

By Jennifer Chiou

New York, Nov. 19 – Emdeon Inc. plans to use borrowings under its revolving senior credit facility and cash on hand to fund the acquisition of Change Healthcare, according to a news release.

The privately held company will be acquired for about $135 million in cash, payable at closing, plus additional contingent payments of up to $50 million based upon the attainment of financial performance objectives of the acquired business through the end of 2017, the release stated.

The acquisition is expected to close in November.

Emdeon is a Nashville-based provider of revenue and payment cycle management and clinical information exchange services.

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