Veritas-backed Gainwell to buy HMS Holdings for $37 per share

Dec. 21, 2020 9:25 AM ETHMS Holdings Corp. (HMSY)HMSYBy: SA News Team
  • Pursuant to the terms, HMS (NASDAQ:HMSY) shareholders will receive $37.00 in cash per share. The transaction will result in an enterprise value for HMS of ~$3.4B.
  • Veritas will look to optimize the HMS solution set across Gainwell and Veritas-backed Cotiviti, a leading provider of data-driven healthcare solutions.
  • The per share purchase price represents ~9.5% premium to HMS' close on Dec. 18, 2020.
  • The transaction is expected to close in the 1H21.
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