Health IT company McKesson and software provider Change Healthcare Holdings have cleared an antitrust hurdle towards creating a new company.
The Department of Justice has closed its review and terminated the waiting period under antitrust amendments in the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The termination of the waiting period satisfies one of the conditions of the proposed transaction, McKesson said.
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Subject to other closing conditions, the acquisition is expected to close in the first half of calendar year 2017.
McKesson and Change Healthcare announced in June the creation of a new healthcare IT company that will be about 70 percent owned by McKesson.
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