HMS to Purchase Allied Management Group for $26.2M | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

HMS to Purchase Allied Management Group for $26.2M

July 6, 2010
by root
| Reprints

New York-based HMS has signed a definitive agreement to purchase privately-held Allied Management Group (Santa Ana, Calif.), a provider of fraud, waste, and abuse prevention and detection solutions for healthcare payors, in an all-cash transaction.

Established in 1972, AMG-SIU provides audit and consulting services to both government and commercial healthcare payors. The company has developed a proprietary forensic claim editing system to analyze claim data for patterns of fraud, waste, and abuse. The system enables investigators to compare providers, review histories, and identify outliers. AMG employs an in-house special investigation unit to conduct preliminary research, investigations, medical record reviews, and pharmacy reviews.

The purchase price for the transaction was $26.2 million, comprised of an upfront payment of $13 million and additional estimated future payments valued at $13.2 million contingent upon future financial performance. HMS expects the transaction to have no impact to earnings per share for the fiscal year ending December 31, 2010, and to be accretive to earnings per share in 2011.

Topics

News

Survey: Most Providers Say Interoperability by 2020 Not Attainable with Current Federal Policies

The majority of healthcare providers (71 percent) believe that current federal polices, committees and regulations are not sufficient to help the country attain meaningful health IT interoperability by 2020.

House Committee Presses Nuance Executives on NotPetya Attack

he U.S. House Energy and Commerce Committee is requesting that Nuance Communications executives provide more information about the malware incident, called NotPetya, that impacted the company, along with multinational companies in 65 countries, back in June.

Regenstrief Researchers to Study Impact of HIE on Emergency Care

Scientists at the Indianapolis-based Regenstrief Institute are conducting what they say is the first study of health information exchange (HIE) use over multiple years to evaluate whether it improves patient outcomes in emergency departments.

Report: Healthcare Organizations Struggle with Human Error in Securing PHI

In the first nine months of 2017, unintended disclosure accounted for 41 percent of healthcare data breach incidents, according to a report from specialist insurer Beazley.

Three More Providers Receive 2017 HIMSS Davies Awards

Three patient care organizations have received the 2017 global Healthcare Information and Management Systems Society (HIMSS) Enterprise Nicholas E. Davies Award of Excellence for healthcare technology innovations that improve patient outcomes.

Medtronic, American Well Team Up to Integrate Telehealth Capabilities

Medtronic and American Well announced a partnership to offer a telehealth solution focused on the unique needs of the complex, chronic, co-morbid patient population.