HMS said it will acquire Allied Management Group, a healthcare waste-, fraud- and abuse-prevention company based in Santa Ana, Calif., in an all-cash transaction. HMS is a New York-based company that specializes in providing benefits coordination and program integrity services to healthcare payers.
HMS to acquire Allied Management for $26.2 million
The $26.2 million deal includes an upfront payment of $13 million, HMS said in a news release.
Allied Management Group, also known as AMG-SIU, provides specialized healthcare audit services for payers using a proprietary claim editing system that identifies patterns of fraud and abuse.
"AMG's editing system is one of the most powerful in the industry and provides HMS with a comprehensive and scalable platform for retrospective and prospective claim editing," Bill Lucia, HMS' CEO, said in the release.
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.