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.

The Health IT Summits gather 250+ healthcare leaders in cities across the U.S. to present important new insights, collaborate on ideas, and to have a little fun - Find a Summit Near You!


/news-item/hms-purchase-allied-management-group-262m

See more on

agario agario---betebet sohbet hattı betebet bahis siteleringsbahis