Change Healthcare submitted an S-1 filing March 15 to the Securities and Exchange Commission for a proposed $100 million initial public offering, Seeking Alpha reports.
The Nashville, Tenn.-based data analytics firm provides health systems, physicians and payers with information to improve clinical decision-making, streamline the revenue cycle process and enhance patient experience.
Change Healthcare has not yet determined the number of shares it will offer, nor the price range of the offering, according to a company statement emailed to Becker's. It applied to list its common stock on the NASDAQ Global Select Market under the symbol "CHNG."
Change Healthcare reported nearly $3.3 billion in total revenue and $192.4 million in net income for the fiscal year ended March 31, 2018.
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