M&A Deal Summary

Hms Holdings Acquires HealthDataInsights

On December 16, 2011, Hms Holdings acquired information technology company HealthDataInsights from TPE Boulder for 400M USD

Acquisition Highlights
  • This is Hms Holdings’ 1st transaction in the Information Technology sector.
  • This is Hms Holdings’ 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
Sector Information Technology
Buyer(s) Hms Holdings
Sellers(s) TPE Boulder
Deal Type Add-on Acquisition
Deal Value 400M USD
Advisor(s) Morgan Stanley (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

HealthDataInsights

Las Vegas, Nevada, United States
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

Irving, Texas, United States

Category Company
Founded 1974
Sector Business 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

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

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

TPE Boulder

Braintree, Massachusetts, United States

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

TPE Boulder is a private equity firm focused on small buyout and growth equity investments in profitable healthcare and software companies. TPE will consider minority or control positions and targets companies with $4 to $40 million in revenue and at least $1.5 million of EBITDA. Specific areas of interest include healthcare services, healthcare IT, healthcare payment management systems, enterprise software, SaaS, and Internet B2B companies. TPE Boulder was formed in 1997 and has offices in Braintree, Massachusetts, and Boulder, Colorado.


DEAL STATS #
Overall 12 of 23
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 8 of 13
State (Nevada) 1 of 1
Country (United States) 12 of 23
Year (2011) 5 of 5
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-14 MarketTools

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 and Diagnostic

Houston, Texas, United States

Memorial MRI & Diagnostic 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. Memorial MRI and Diagnostic is based in Houston, Texas.

Buy -