- Change Healthcare Inc's CHNG Q2 FY22 sales increased 10% to $826.76 million, missing the consensus of $837.36 million.
- Solutions revenue was $774.2 million, up 10%, and Postage revenue sales increased 5% to $52.55 million.
- Solutions revenue includes the impact of fair value adjustments to deferred revenue resulting from the McKesson exit, which reduced revenue recognized by $3.3 million.
- The Company posted an adjusted EPS of $0.35, beating the consensus of $0.32.
- Adjusted EBITDA reached $246.5 million, compared with $231.8 million a year ago.
- The Company ended the quarter with approximately $80.4 million of cash and cash equivalents and about $4,662.4 million of total debt.
- The Company and UnitedHealth Group UNH entered into an amendment to the Timing Agreement with the DOJ to complete the merger on February 22, 2022.
- Due to the proposed transaction with OptumInsight, the Company did not provide financial guidance.
- Price Action: CHNG shares are up 0.12% at $21.55 during the market session on the last check Wednesday.
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