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Announced

Completed

Veritas Capital-backed Gainwell Technologies completed the acquisition of HMS for $3.4bn.

Financials

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Transaction Value£2,514m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales5x
EV/EBITDA22.66x
Share Price Premium52%
One Off Charge-

Tags

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Health Care Services

Completed

healthcare solutions

medical claims review

healthcare analytics

Acquisition

Public

United States

Majority

Private Equity

Single Bidder

Friendly

Domestic

Synopsis

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Veritas Capital-backed Gainwell Technologies, a provider of administration solutions, completed the acquisition of HMS, a healthcare technology, analytics and engagement solutions provider, for $3.4bn. “HMS’ differentiated capabilities across the government and commercial healthcare spectrum will enable both Gainwell and Cotiviti to become even more strategic to their customers. We look forward to both organizations’ continued growth as they deliver transformational solutions to their respective areas of the healthcare market," Ramzi Musallam, Veritas CEO and Managing Partner.

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