M&A Deal Summary

Hms Holdings Acquires HealthDataInsights

On December 16, 2011, Hms Holdings Corp. acquired information technology company HealthDataInsights, Inc. from Ticonderoga Private Equity for 400M USD

Acquisition Highlights
  • This is Hms Holdings’ 1st transaction in the Information Technology sector.
  • This is Hms Holdings’ 1st largest (disclosed) transaction.
  • This is Hms Holdings’ 7th transaction in the United States.
  • This is Hms Holdings’ 1st transaction in Nevada.

M&A Deal Summary

Date 2011-12-16
Target HealthDataInsights, Inc.
Sector Information Technology
Buyer(s) Hms Holdings Corp.
Sellers(s) Ticonderoga Private Equity
Deal Type Add-on Acquisition
Deal Value 400M USD
Advisor(s) Morgan Stanley (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

HealthDataInsights, Inc.

Las Vegas, Nevada, United States
website
HealthDataInsights, Inc., is a technology enabled healthcare services company whose mission is to ensure claims integrity, identifies and recoups improper payments for health plans and government payers.

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Buyer(S) 1

Buyer

Hms Holdings Corp.

Irving, Texas, United States

website


Category Company
Founded 1974
SectorBusiness Services
Revenue 673M USD (2020)
DESCRIPTION

HMS advances healthcare by helping organizations reduce costs and improve health outcomes. Through its technology, analytics, and engagement solutions, the company save billions of dollars annually while helping consumers lead healthier lives. HMS provides a broad range of payment accuracy and population health management solutions that help move healthcare forward. Hms Holdings was founded in 1974 and is based in Irving, Texas.


DEAL STATS #
Overall 7 of 12
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 6 of 9
State (Nevada) 1 of 1
Country (United States) 7 of 11
Year (2011) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-07 Chapman Kelly, Inc.

Jeffersonville, Indiana, United States

Chapman Kelly, Inc., provides dependent eligibility audits to large, self-insured employers, as well as plan and claims audits to both employers and managed care organizations.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-07 Essette, Inc.

Longmont, Colorado, United States

Essette, Inc. is a web-based care management platform which helps risk-bearing healthcare organizations identify, engage, and manage at-risk patient populations to improve outcomes while managing costs. Improved health and lowered costs require an integrated approach. One that's flexible, affordable and promotes care across the continuum. Essette web-based care management software offers a robust alternative to ‘shrink wrapped' applications. Incredibly powerful and user-friendly, Essette software built upon a refreshingly efficient platform is rapidly becoming the preferred choice for healthcare organizations seeking a simple means of delivering high-value, collaborative care.

Buy -

Seller(S) 1

SELLER

Ticonderoga Private Equity

Braintree, Massachusetts, United States

website


Category Private Equity Firm
Founded 1997
PE ASSETS 200M USD
SizeSmall
Type Sector Agnostic
DESCRIPTION

Ticonderoga Private Equity is a private equity firm focused on small buyout and growth equity investments in profitable healthcare and software companies. Ticonderoga will consider minority or control positions and targets companies with $4 to $40 million in revenue and at least $2 million of EBITDA. Specific areas of interest include healthcare services, healthcare IT, healthcare payment management systems, enterprise software, SaaS, and Internet B2B companies. Ticonderoga Private Equity was formed in 1997 and has offices in Braintree, Massachusetts and Boulder, Colorado.


DEAL STATS #
Overall 12 of 22
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 8 of 13
State (Nevada) 1 of 1
Country (United States) 12 of 22
Year (2011) 5 of 5
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-14 MarketTools, Inc.

San Francisco, California, United States

MarketTools, Inc. provides services and software for market research.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-17 Memorial MRI & Diagnostic Center LP

Houston, Texas, United States

Memorial MRI & Diagnostic Center LP is a provider of outpatient diagnostic imaging services in the Houston market. It is a provider of diagnostic imaging services including MRI, CT or CAT scan, nuclear medicine, ultrasound, digital X-ray, digital mammography, dual energy X-ray or DEXA, pain management and other radiology services.

Buy -