Change Healthcare has upscaled its initial public offering from initial $100 million up to $200 million, according to recently posted SEC filings from the company.
The Nashville, Tenn.-based healthcare company is a joint venture between McKesson and Change Healthcare Inc, which was formerly known as HCIT Holdings, according to a SeekingAlpha report.
Change Healthcare looks to offer data and analytics solutions for the healthcare environment, covering both provider solutions and payer solutions, according to its website.
The company is looking to raise approximately $200 million through the IPO, with $100 million coming through the offering of Tangible Equity Units, according to an SEC filing.
Change Healthcare plans to list on the Nasdaq Global Select Market under the ticker symbol “CHNG”.
Last July, a report emerged showing Medtronic (NYSE:MDT), GE Healthcare (NYSE:GE) and Change Healthcare received approximately $33.1 million (NIS 120 million) from the Israeli government to support expanding the companies R&D centers in the country.