8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 17, 2005

Commission File No. 001-12392

NDCHealth Corporation

(Exact name of registrant as specified in its charter)

DELAWARE	58-0977458
(State or other jurisdiction of incorporation)	(IRS Employer Identification Number)
NDC Plaza, Atlanta, Georgia	30329-2010
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (404) 728-2000

None

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01 Other Events.

On March 17, 2005, NDCHealth Corporation (“NDCHealth” or the “Company”) issued a press release announcing the sale of its Canadian pharmacy systems and its Canadian pharmacy and dental claims processing services operations to Emergis Inc.

A copy of the press release issued by the Company is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

ITEM 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit Number	Exhibit Title
99.1	Press Release dated March 17, 2005.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NDCHealth Corporation
	(Registrant)
By:	/s/ James W. FitzGibbons
	James W. FitzGibbons
	Vice President and Chief Accounting Officer

Date: March 17, 2005

EX-99.1

Exhibit 99.1

NDC Plaza

Atlanta, GA 30329-2010

404-728-2000

NEWS RELEASE

NDCHealth Announces Sale of Canadian Pharmacy Operations

ATLANTA, March 17, 2005 – NDCHealth Corporation (NYSE: NDC), a leading provider of healthcare technology and information solutions, today announced the sale of its Canadian pharmacy systems and its Canadian pharmacy and dental claims processing services operations to Emergis Inc. (TSX: EME), a leading electronic business solutions company in Canada.

As part of the announcement, NDCHealth completed the sale of its Toronto-based pharmacy and dental claim processing business, National Data Corporation of Canada, to Emergis. The two companies also entered into a definitive agreement for Emergis to acquire NDCHealth’s Canadian pharmacy systems operations located in Vancouver, British Columbia, subject to certain customary closing conditions. In addition, the companies have entered into a network services and other outsource services agreement to support NDCHealth’s U.S. customers with cross-border presence.

Under the terms of the agreements, NDCHealth expects to receive net proceeds of approximately $14.5 million (USD), which will be used to pay down senior debt.

“This transaction is consistent with our goal of narrowing our business focus in order to optimize the significant U.S. market opportunities,” said Walter Hoff, chairman and CEO, NDCHealth. “We expect this business transition to be seamless to our U.S. customers with presence in Canada.”

About NDCHealth

NDCHealth is a leading information solutions company serving all sectors of healthcare. Its network solutions have long been among the nation’s leading, automating the exchange of information among pharmacies, payers, hospitals and physicians. Its systems and information management solutions help improve operational efficiencies and business decision making for providers, retail pharmacy and pharmaceutical manufacturers.

Headquartered at Atlanta, Ga., NDCHealth provides information vital to the delivery of healthcare every day. For more information, visit www.ndchealth.com.

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Contact:

Robert Borchert

VP, Investor Relations

404-728-2906

robert.borchert@ndchealth.com