However, in November, HMS agreed to purchase HealthDataInsights, the Medicare RAC for CMS Region D, for $400 million. After adjusting for the revenue and expenses of that transaction, HMS’ profit is $15.6 million, a 26.2 percent increase from last year.
Revenue in the fourth quarter rose 14.3 percent to a total of $99.7 million. For the entire 2011 fiscal year, HMS’ net income jumped 19 percent from 2010 to $47.8 million. Revenue totaled $363.8 million, an increase of 20 percent from a year ago.
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HMS Holdings Acquires Medicare Region D RAC for $400M
