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HMS Holdings
HMS Holdings Corp. (Healthcare Management Systems) was founded in 1974 and is based in Irving, Texas. The company was formerly listed on Nasdaq but acquired by private-equity firm Veritas Capital in 2021.[1] HistoryHMS Holdings was acquired by Gainwell Technologies in 2021 for a reported $3.4 billion.[2] Products and servicesThe company's services include providing validated insurance and helping find liable third parties. Their program integrity services identify improper payments and over-payments and attempt recovery, as well as reduce fraud and waste. In addition, the company also supports Medicaid Managed Care Organizations and Medicare Advantage Plans.[3] AcquisitionsIn 2006, the Company announced to acquire the assets of PCG's Benefits Solutions Practice Area (BSPA) for $80 million in cash, shares of Holdings common stock, and a contingent cash payment of up to $15 million.[4] The company acquired HealthDataInsights for approximately $400 million in November 2011.[5] In December 2012, HMS Holdings acquired the assets and liabilities of MedRecovery Management, LLC (MRM), for about $11.8 million, with $10.8 million initial cash payment and $1.0 million in future contingent payments.[6] In April 2017, HMS Holdings acquired the Eliza Corporation, a privately held health engagement management and member analytics firm providing comprehensive and personalized member-centric outreach and engagement solutions, for a cash purchase price of $170 million.[7] In 2019, the company acquired Accent for a reported $155 million.[8] AwardsIn 2012 and 2013, HMS Holdings was included in the InformationWeek 500.[9] References
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