On April 11, 2022, Change Healthcare Inc. (the “Company”) announced that effective April 10, 2022, Roderick O'Reilly, the Company's Executive Vice President and President, Software and Analytics, will transition from his current position to a consulting role. As part of this transition, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of the Company approved a termination letter agreement (the “Termination Agreement”) and a consulting agreement (the “Consulting Agreement”) between Mr. O'Reilly and Change Healthcare Canada Company, a subsidiary of the Company (“Change Canada”). Pursuant to the terms of the Termination Agreement, Mr. O'Reilly will be entitled to receive separation benefits consistent with the benefits provided under his previously disclosed offer letter for a termination of employment without cause, including (i) payment of CAD 706,383 (less applicable withholdings and deductions), which represents 12 months of his current base salary; and (ii) continued medical, dental and prescription drug benefits for 12 months, in each case, subject to Mr. O'Reilly's execution of a release of claims. In addition, Mr. O'Reilly will be provided with a continued executive physical benefit for 12 months and will remain eligible to receive a discretionary award for fiscal-year 2022 under the Company's annual incentive plan.

On April 11, 2022, the Company also announced that Kriten Joshi will be promoted and will assume the role of President, Software and Analytics in addition to continuing in his role as Executive Vice President and President, Network Solutions, effective as of April 10, 2022.