SAN FRANCISCO — McKesson and Change Healthcare Holdings moved one step closer to creating a new healthcare information technology company after receiving notification the U.S. Department of Justice closed its review and terminated the waiting period under the Hart-Scott-Rodino Antitrust Act of 1976.
McKesson and Nashville, Tenn.-based Change Healthcare first announced the creation of a new healthcare IT company on June 28. The entity will combine substantially all of Change Healthcare’s business and the majority of McKesson Technology Solutions 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.
The transaction still remains subject to other customary closing conditions. San Francisco-based McKesson expects the transaction to close in the first half of 2017.