SEC Form SC 13G/A filed

SEC Form SC 13G/A filed

Recent Analyst Ratings for
$CHNG

$CHNG
SEC Filings

$CHNG
Large Ownership Changes

Chat with this insight

SEC Form 15-12G filed by Change Healthcare Inc.

SEC Form S-8 POS filed by Change Healthcare Inc.

SEC Form 25-NSE filed by Change Healthcare Inc.

This live feed shows all institutional transactions in real time.

2/16/21 5:19:04 PM ET

$CHNG

Managed Health Care

Health Care

Get the next $CHNG alert in real time by email

SC 13G/A 1 d121356dsc13ga.htm SC 13G/A SC 13G/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

Change Healthcare Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

15912K100

(CUSIP Number)

December 31, 2020

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 15912K100		13G		Page 2 of 28


CUSIP No. 15912K100		13G		Page 3 of 28


CUSIP No. 15912K100		13G		Page 4 of 28


CUSIP No. 15912K100		13G		Page 5 of 28


CUSIP No. 15912K100		13G		Page 6 of 28


CUSIP No. 15912K100		13G		Page 7 of 28


CUSIP No. 15912K100		13G		Page 8 of 28


CUSIP No. 15912K100		13G		Page 9 of 28


CUSIP No. 15912K100		13G		Page 10 of 28


CUSIP No. 15912K100		13G		Page 11 of 28


CUSIP No. 15912K100		13G		Page 12 of 28


CUSIP No. 15912K100		13G		Page 13 of 28


CUSIP No. 15912K100		13G		Page 14 of 28


CUSIP No. 15912K100		13G		Page 15 of 28


CUSIP No. 15912K100		13G		Page 16 of 28


CUSIP No. 15912K100		13G		Page 17 of 28


CUSIP No. 15912K100		13G		Page 18 of 28


CUSIP No. 15912K100		13G		Page 19 of 28


CUSIP No. 15912K100		13G		Page 20 of 28


CUSIP No. 15912K100		13G		Page 21 of 28


CUSIP No. 15912K100		13G		Page 22 of 28


CUSIP No. 15912K100		13G		Page 23 of 28

Item 1.

(a). Name of Issuer

Change Healthcare Inc. (the “Issuer”)

(b). Address of Issuer’s Principal Executive Offices:

3055 Lebanon Pike, Suite 1000

Nashville, TN 37214

Item 2(a).

Name of Person Filing

Item 2(b).

Address of Principal Business Office

Item 2(c).

Citizenship

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

(i)

BCP Summit Holdings L.P.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(ii)

BFIP Summit Holdings L.P.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(iii)

BCP Summit Holdings GP L.L.C.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(iv)

BFIP Summit Holdings GP L.L.C.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(v)

Blackstone Capital Partners VI L.P.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(vi)

Blackstone Family Investment Partnership VI L.P.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(vii)

Blackstone Family Investment Partnership VI-ESC L.P.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(viii)

Blackstone Eagle Principal Transaction Partners L.P.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(ix)

GSO COF Facility LLC

c/o Blackstone Alternative Credit Advisors LP

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(x)

Blackstone Management Associates VI L.L.C.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(xi)

BMA VI L.L.C.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(xii)

BCP VI Side-by-Side GP L.L.C.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(xiii)

Blackstone Alternative Credit Advisors LP (f/k/a GSO Capital Partners LP)

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(xiv)

GSO Advisor Holdings L.L.C.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(xv)

Blackstone Holdings I L.P.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(xvi)

Blackstone Holdings I/II GP L.L.C.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(xvii)

Blackstone Holdings III L.P.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: Quebec, Canada

(xviii)

Blackstone Holdings III GP L.P.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(xix)

Blackstone Holdings III GP Management L.L.C.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(xx)

The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(xxi)

Blackstone Group Management L.L.C.

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

(xxii)

Stephen A. Schwarzman

c/o The Blackstone Group Inc.

345 Park Avenue

New York, NY 10154

Citizenship: United States

BCP Summit Holdings L.P., BFIP Summit Holdings L.P. and GSO COF Facility LLC (collectively, the “Blackstone Funds”) directly hold the securities reported herein.

The general partner of BCP Summit Holdings L.P. is BCP Summit Holdings GP L.L.C. The general partner of BCP Summit Holdings GP L.L.C. is Blackstone Management Associates VI L.L.C. The sole member of Blackstone Management Associates VI L.L.C. is BMA VI L.L.C. The general partner of BFIP Summit Holdings L.P. is BFIP Summit Holdings GP L.L.C. The general partner of BFIP Summit Holdings GP L.L.C. is BCP VI Side-by-Side GP L.L.C. Blackstone Holdings III L.P. is the managing member of BMA VI L.L.C. and the sole member of BCP VI Side-by-Side GP L.L.C. The general partner of Blackstone Holdings III L.P. is Blackstone Holdings III GP L.P. The general partner of Blackstone Holdings III GP L.P. is Blackstone Holdings III GP Management L.L.C. The sole member of Blackstone Holdings III GP Management L.L.C. is The Blackstone Group Inc.

The collateral manager of GSO COF Facility LLC is Blackstone Alternative Credit Advisors LP. GSO Advisor Holdings L.L.C. is the special limited partner of Blackstone Alternative Credit Advisors LP with the investment and voting power over the securities beneficially owned by Blackstone Alternative Credit Advisors LP. The sole member of GSO Advisor Holdings L.L.C. is Blackstone Holdings I L.P. The general partner of Blackstone Holdings I L.P. is Blackstone Holdings I/II GP L.L.C. The sole member of Blackstone Holdings I/II GP L.L.C. is The Blackstone Group Inc.

The sole holder of the Class C common stock of The Blackstone Group Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone’s senior managing directors and controlled by its founder, Stephen A. Schwarzman.

Each such Reporting Person may be deemed to beneficially own the shares of Common Stock (as defined below) beneficially owned by the Blackstone Funds directly or indirectly controlled by it or him, but neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission

that any Reporting Person (other than the Blackstone Funds to the extent they directly hold Common Stock) is the beneficial owner of the Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Act”), or for any other purpose and each of the Reporting Persons expressly disclaims beneficial ownership of such shares. The filing of this statement should not be construed to be an admission that any member of the Reporting Persons are members of a “group” for the purposes of Sections 13(d) and 13(g) of the Act.

Item 2(d).

Title of Class of Securities:

Common Stock, par value $0.001 per share (the “Common Stock”).

Item 2(e).

CUSIP Number:

15912K100

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4.

Ownership.

(a)

Amount beneficially owned:

Calculations of the percentage of shares of Common Stock beneficially owned assume 304,452,260 shares of Common Stock outstanding as of October 26, 2020, as reported in the Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2020. Each of the Reporting Persons may be deemed to be the beneficial owner of the shares of Common Stock listed on such Reporting Person’s cover page.

BCP Summit Holdings L.P. directly holds 59,040,668 shares of Common Stock, BFIP Summit Holdings L.P. directly holds 5,434 shares of Common Stock,, and GSO COF Facility LLC directly holds 574,151 shares of Common Stock.

(b)

Percent of class:

Each of the Reporting Persons may be deemed to be the beneficial owner of the percentage of shares of Common Stock listed on such Reporting Person’s cover page.

(c)

Number of Shares as to which the Reporting Person has:

(i)

Sole power to vote or to direct the vote:

See each cover page hereof.

(ii)

Shared power to vote or to direct the vote:

See each cover page hereof.

(iii)

Sole power to dispose or to direct the disposition of:

See each cover page hereof.

(iv)

Shared power to dispose or to direct the disposition of:

See each cover page hereof.

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☐

Blackstone Capital Partners VI L.P., Blackstone Eagle Principal Transaction Partners L.P. and Blackstone Family Investment Partnership VI-ESC L.P. contributed their shares of Common Stock to BCP Summit Holdings L.P. and ceased to be Reporting Persons on this Schedule 13G.

Blackstone Family Investment Partnership VI L.P. contributed the shares of Common Stock it previously held to BFIP Summit Holdings L.P. and ceased to be a Reporting Person on this Schedule 13G.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not Applicable.

Item 10.

Certification.

Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 16, 2021


BCP SUMMIT HOLDINGS L.P.
By:		BCP Summit Holdings GP L.L.C., its general partner
By:		Blackstone Management Associates VI L.L.C., its general partner
By:		BMA VI L.L.C, its sole member
By:		Blackstone Holdings III L.P., its managing member
By:		Blackstone Holdings III GP L.P., its general partner
By:		Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

BFIP SUMMIT HOLDINGS L.P.
By:		BFIP Summit Holdings GP L.L.C., its general partner
By:		BCP VI Side-by-Side GP L.L.C., its sole Member
By:		Blackstone Holdings III L.P., its sole member
By:		Blackstone Holdings III GP L.P., its general partner
By:		Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

BCP SUMMIT HOLDINGS GP L.L.C.
By:		Blackstone Management Associates VI L.L.C., its general partner
By:		BMA VI L.L.C, its sole member
By:		Blackstone Holdings III L.P., its managing member
By:		Blackstone Holdings III GP L.P., its general partner
By:		Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director


BFIP SUMMIT HOLDINGS GP L.L.C.
By:		BCP VI Side-by-Side GP L.L.C., its sole Member
By:		Blackstone Holdings III L.P., its sole member
By:		Blackstone Holdings III GP L.P., its general partner
By:		Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

BLACKSTONE CAPITAL PARTNERS VI L.P.
By:		Blackstone Management Associates VI L.L.C., its general partner
By:		BMA VI L.L.C, its sole member
By:		Blackstone Holdings III L.P., its managing member
By:		Blackstone Holdings III GP L.P., its general partner
By:		Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

BLACKSTONE EAGLE PRINCIPAL TRANSACTION PARTNERS L.P.
By:		Blackstone Management Associates VI L.L.C., its general partner
By:		BMA VI L.L.C, its sole member
By:		Blackstone Holdings III L.P., its managing member
By:		Blackstone Holdings III GP L.P., its general partner
By:		Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director


BLACKSTONE FAMILY INVESTMENT PARTNERSHIP VI L.P.
By:		BCP VI Side-by-Side GP L.L.C., its general partner
By:		Blackstone Holdings III L.P., its sole member
By:		Blackstone Holdings III GP L.P., its general partner
By:		Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

BLACKSTONE FAMILY INVESTMENT PARTNERSHIP VI-ESC L.P.
By:		BCP VI Side-by-Side GP L.L.C., its general partner
By:		Blackstone Holdings III L.P., its sole member
By:		Blackstone Holdings III GP L.P., its general partner
By:		Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

GSO COF FACILITY LLC
By:		Blackstone Alternative Credit Advisors LP, as collateral manager

By:		/s/ Marisa J. Beeney
Name: Marisa J. Beeney
Title: Authorized Signatory

BLACKSTONE MANAGEMENT ASSOCIATES VI L.L.C.
By:		BMA VI L.L.C, its sole member
By:		BMA VI L.L.C, its sole member
By:		Blackstone Holdings III L.P., its managing member
By:		Blackstone Holdings III GP L.P., its general partner
By:		Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director


BMA VI L.L.C.
By:		BMA VI L.L.C, its sole member
By:		Blackstone Holdings III L.P., its managing member
By:		Blackstone Holdings III GP L.P., its general partner
By:		Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director
Title: Chief Legal Officer

BCP VI SIDE-BY-SIDE GP L.L.C.
By:		Blackstone Holdings III L.P., its sole member
By:		Blackstone Holdings III GP L.P., its general partner
By:		Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

BLACKSTONE ALTERNATIVE CREDIT ADVISORS LP

By:		/s/ Marisa J. Beeney
Name: Marisa J. Beeney
Title: Authorized Signatory

GSO ADVISOR HOLDINGS L.L.C.
By:		Blackstone Holdings I L.P., its sole member
By:		Blackstone Holdings I/II GP L.L.C., its general partner
By:		The Blackstone Group Inc., its sole member

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director


BLACKSTONE HOLDINGS I L.P.
By: Blackstone Holdings I/II GP L.L.C., its general partner
By: The Blackstone Group Inc., its sole member

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

BLACKSTONE HOLDINGS I/II GP L.L.C.
By: The Blackstone Group Inc., its sole member

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

BLACKSTONE HOLDINGS III L.P.
By: Blackstone Holdings III GP L.P., its general partner
By: Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

BLACKSTONE HOLDINGS III GP L.P.
By: Blackstone Holdings III GP Management L.L.C., its general partner

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

BLACKSTONE HOLDINGS III GP MANAGEMENT L.L.C.

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

THE BLACKSTONE GROUP INC.

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director


BLACKSTONE GROUP MANAGEMENT L.L.C.

By:		/s/ Tabea Y. Hsi
Name: Tabea Y. Hsi
Title: Senior Managing Director

/s/ Stephen A. Schwarzman
Stephen A. Schwarzman

[Change Healthcare Inc. - Schedule 13G/A]

EXHIBIT LIST


Exhibit A		Joint Filing Agreement, dated February 16, 2021, among the Reporting Persons (filed herewith).

Get the next $CHNG alert in real time by email

Name of Reporting Persons:

BCP Summit Holdings L.P.

Check the Appropriate Box if a Member of a Group

(a) ☐ (b) ☒

SEC Use Only

Citizenship or Place of Organization:

Delaware