Company type | Private |
---|---|
Industry | Business services |
Founded | 1974 |
Headquarters | , U.S. |
Key people | William C. Lucia (FLMI) (CEO, president, and Director) |
Services | Cost-containment services |
Revenue | US$ 598.3M (Feb 22, 2019) |
Owner | Veritas Capital |
Number of employees | 2,425 (Sep 30, 2013) |
Website | www |
![]() | This article contains promotional content .(March 2018) |
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]
HMS Holdings was acquired by Gainwell Technologies in 2021 for a reported $3.4 billion. [2]
The 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]
In 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 March 2017, Eliza Corporation, a SaaS health engagement platform, was acquired for $170 million. [8] In September 2016, the company purchased Essette. [9]
In 2019, the company acquired Accent for a reported $155 million. [10]
In 2012 and 2013, HMS Holdings was included in the InformationWeek 500. [11]
In 2013, HMS Holdings was included on Modern Healthcare magazine's "Healthcare’s Hottest" list as one of the 40 fastest growing companies in healthcare. [12]
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