Today we learned Legacy McKesson Clearance and Assurance products will be used going forward. There were talks of cross training Legacy Change employees on McKesson products and vice versa for support purposes. I can't help but wonder why we weren't all on the same call and what was said to the Legacy Change side. Any input? What was the reaction?
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MCK does own 70%. They will exit with the IPO. That's how they get paid.
Is it true that McKesson owns 70% of Change? Change is currently 6.1 billion in debt. So that looks like the IPO needs to raise 20 billion (unheard of) for Change to get to break even, as McKesson will take their 70% (14 billion). If this is true, not a bad short term loan McKesson provided to rid themselves of MTS, when there was no buyers. This cannot be correct, can it?
I was wondering that as well. Anticipating more news on products across the board and hoping to keep the threads updated for info.