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 29, 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 29, 2005, NDCHealth Corporation (“NDCHealth” or the “Company”) issued a press release announcing the sale of its 49.5% membership interest in HealthTran LLC (HealthTrans), a pharmacy benefit administrator, to the holder of the balance of the equity, which includes certain management executives of HealthTrans.

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 29, 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 29, 2005

EX-99.1

	Exhibit 99.1
NDC Plaza
Atlanta, GA 30329-2010	NEWS RELEASE
404-728-2000

NDCHealth Sells Ownership Interest in Pharmacy Benefit Administrator, HealthTrans

ATLANTA, March 29, 2005 - NDCHealth Corporation (NYSE: NDC), a leading provider of healthcare technology and information solutions, today announced the sale of its 49.5% membership interest in HealthTran LLC (HealthTrans), a pharmacy benefit administrator, to the holder of the balance of the equity, which includes certain management executives of HealthTrans.

Under the terms of the agreement, NDCHealth received cash proceeds of approximately $8.8 million, which will be used to pay down senior debt.

HealthTrans comprised NDCHealth’s Pharmacy Benefit Services business segment. While this business segment contributed revenue of $18.7 million, or 15.9% of total NDCHealth revenue in the second fiscal quarter ended November 26, 2004, the operating profit contribution was $269,000, or less than 3% of NDCHealth’s total operating income for the period.

“This transaction is consistent with our efforts to increase our focus on our core businesses and reduce our outstanding debt,” said Walter Hoff, chairman and CEO, NDCHealth.

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 http://www.ndchealth.com.

About HealthTrans

HealthTrans provides employers, third party administrators, managed care organizations and other payers with the tools and clinical expertise to more efficiently manage pharmacy benefit programs. HealthTrans’ solutions use Web-enabled applications that provide clients with the increased flexibility to manage pharmacy network administration, benefits administration, claims processing, financial reporting, as well as manufacturers’ rebate processing and reporting. HealthTrans offers its clients full-disclosure and a value-based formulary model that focuses on the lowest overall net drug spend to help them lower pharmacy costs. HealthTrans’ services complement existing medical claims and pharmacy systems, and other legacy systems. For more information about HealthTrans, visit http://www.healthtrans.com.

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Contact:

Robert Borchert

VP, Investor Relations

404-728-2906

robert.borchert@ndchealth.com