McKesson formation of a new company with Change Healthcare Holdings
Davis Polk advised McKesson Corporation on its creation of a new health care information technology company, which will combine substantially all of Change Healthcare Holdings, Inc.’s business and the majority of McKesson Technology Solutions (MTS) into a new company. McKesson will own approximately 70% of the new company, with the remaining equity stake held by Change Healthcare stockholders, which includes Blackstone and Hellman & Friedman.
McKesson is a health care services and information technology company dedicated to making the business of health care run better. McKesson partners with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. Change Healthcare is a leading provider of software and analytics, network solutions and technology-enabled services that optimize communications, payments and actionable insights designed to enable smarter health care.
The Davis Polk corporate team included partner Alan F. Denenberg, associates Jason Bassetti, Jahnavi Pendharkar and Donald K. Lang and law clerk Abhishek Kolay. Partners Neil Barr and David H. Schnabel and associate Patrick E. Sigmon provided tax advice. Partner Frank J. Azzopardi provided intellectual property and technology advice. Partner Joseph P. Hadley provided credit advice. Members of the Davis Polk team are based in the Northern California and New York offices.