Change Healthcare Inc. (NasdaqGS:CHNG) acquired eRx Network, LLC for approximately $210 million on May 1, 2020. As reported, Change Healthcare exercised its option to acquired eRx Network at a purchase price of $212.9 million plus cash on the balance sheet. In a related transaction, Kaufman, Hall & Associates, Inc. acquired Connected Analytics business from Change Healthcare Inc. for $55 million on May 1, 2020. The eRx acquisition was approved by a special committee of the Board of Directors of Change Healthcare. Nicholas Apostolatos of Barclays PLC (LSE:BARC) acted as fairness opinion provider to the special committee of the Board of Directors of Change Healthcare. Jonathan Corsico, Gregory Grogan, Andrew Kofsky, Andrew Purcell, Lori Lesser, Vanessa Burrows, Steven DeLott, Andrew Lacy and Kelly Karapetyan of Simpson Thacher & Bartlett LLP acted as legal advisor to Change Healthcare Inc. Eric Issadore of Ropes & Gray LLP are represented Blackstone Group Inc. and Hellman & Friedman LLC and eRx executives. Change Healthcare Inc. (NasdaqGS:CHNG) completed the acquisition of eRx Network, LLC on May 1, 2020.