Change Healthcare Inc.

NasdaqGS:CHNG Stock Report

Market Cap: US$9.0b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Change Healthcare Management

Management criteria checks 4/4

Key information

Neil de Crescenzo

Chief executive officer

US$9.3m

Total compensation

CEO salary percentage9.5%
CEO tenure9.8yrs
CEO ownership0.2%
Management average tenure2.5yrs
Board average tenure5.8yrs

Recent management updates

Recent updates

UnitedHealth completes acquisition of Change Healthcare

Oct 03

Change Healthcare jumps after judge denies DOJ request to block UnitedHealth deal

Sep 19

Change Healthcare gains amid final arguments in DOJ case to block UnitedHealth deal

Sep 08

Data misuse risk against UnitedHealth used by DoJ to scuttle Change Healthcare deal - Bloomberg

Aug 11

Catalyst watch: Change Health/UNH DOJ court starts, PayPal earnings , unemployment data

Jul 29

Change Healthcare: A Healthcare SaaS Opportunity At 11x Free Cash Flow

Feb 14

Change Healthcare drops as DOJ sues to block Aon's planned $30B Willis Towers deal

Jun 17

Change Healthcare EPS beats by $0.06, beats on revenue

May 26

Change Healthcare Inc. 2021 Q3 - Results - Earnings Call Presentation

Feb 04

UnitedHealth’s Change deal signals plans to expand Optum – Citi

Jan 06

Change Healthcare Inc.: Solving Healthcare's Biggest Challenges

Dec 08

Change Healthcare: Good Fundamentals At An Enticing Valuation

Dec 01

Change Healthcare Inc. 2021 Q2 - Results - Earnings Call Presentation

Nov 09

CEO Compensation Analysis

How has Neil de Crescenzo's remuneration changed compared to Change Healthcare's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2022n/an/a

-US$77m

Mar 31 2022US$9mUS$882k

-US$57m

Dec 31 2021n/an/a

-US$78m

Sep 30 2021n/an/a

-US$51m

Jun 30 2021n/an/a

-US$57m

Mar 31 2021US$10mUS$850k

-US$112m

Dec 31 2020n/an/a

-US$966m

Sep 30 2020n/an/a

-US$917m

Jun 30 2020n/an/a

-US$969m

Mar 31 2020US$10mUS$850k

-US$948m

Dec 31 2019n/an/a

-US$84m

Sep 30 2019n/an/a

-US$147m

Jun 30 2019n/an/a

-US$72m

Mar 31 2019US$2mUS$750k

-US$52m

Dec 31 2018n/an/a

-US$70m

Sep 30 2018n/an/a

US$71m

Jun 30 2018n/an/a

US$67m

Mar 31 2018US$8mUS$743k

US$61m

Compensation vs Market: Neil's total compensation ($USD9.33M) is about average for companies of similar size in the US market ($USD8.53M).

Compensation vs Earnings: Neil's compensation has been consistent with company performance over the past year.

CEO

Neil de Crescenzo (61 yo)

9.8yrs

Tenure

US$9,329,762

Compensation

Mr. Neil E. de Crescenzo, IV serves as President and Chief Executive Officer at Change Healthcare, Inc. since 2013 and has been its Director since 2017. He has been the Chief Executive Officer and Presiden...

Leadership Team

NamePositionTenureCompensationOwnership
Neil de Crescenzo
President9.8yrsUS$9.33m0.18%
$ 16.3m
Fredrik Eliasson
Executive VP & CFO4.6yrsUS$5.00m0.073%
$ 6.6m
Steven Martin
Executive Vice President of Enterprise Technology2.5yrsUS$2.73m0.027%
$ 2.5m
Kriten Joshi
Executive VP and President of Network Solutionsno dataUS$3.14m0.066%
$ 5.9m
Roderick O'Reilly
Senior Advisorless than a yearUS$2.52m0.011%
$ 1.0m
August Calhoun
Executive VP and President of Sales & Operationsno dataUS$2.65m0.021%
$ 1.9m
David Elliott
Senior Directorno datano datano data
Loretta Cecil
Executive VP & General Counselno datano data0.016%
$ 1.4m
Monica McCullough
Chief Compliance & Ethics Officer2.1yrsno datano data
Katherine Wojtecki
Vice President of External Communications2.3yrsno datano data
W. McEnery
Executive VP of Corporate Affairs & Chief Marketing Officerno datano data0.035%
$ 3.1m
Ryan Miller
Senior Vice President of Corporate Development2.9yrsno datano data

2.5yrs

Average Tenure

55.5yo

Average Age

Experienced Management: CHNG's management team is considered experienced (2.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Neil de Crescenzo
President5.8yrsUS$9.33m0.18%
$ 16.3m
Neil Simpkins
Independent Director5.8yrsno datano data
Philip Pead
Independent Director5.8yrsUS$315.20k0.029%
$ 2.6m
Robert Zollars
Independent Director5.8yrsUS$300.20k0.010%
$ 908.8k
Howard Lance
Independent Chairman5.8yrsUS$465.20k0.067%
$ 6.0m
Phillip Roe
Independent Director5.8yrsUS$315.20k0.010%
$ 908.8k
Bansi Nagji
Independent Director5.8yrsUS$285.20k0.0096%
$ 869.1k
Diana McKenzie
Independent Director3.2yrsUS$285.20k0.010%
$ 908.8k
Nicholas Kuhar
Independent Director3.3yrsno datano data
Nella Domenici
Independent Director2.4yrsUS$285.20k0.0066%
$ 594.8k

5.8yrs

Average Tenure

61yo

Average Age

Experienced Board: CHNG's board of directors are considered experienced (5.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/10/03 11:04
End of Day Share Price 2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2022/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Change Healthcare Inc. is covered by 18 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew GillmorBaird
Zhilin LongBerenberg
Steven HalperCantor Fitzgerald & Co.