HMS Holdings Corp. (HMSY) announced that it has acquired the assets of Verify Solutions. The purchase price was $8.0 million, with additional future payments contingent upon future financial performance.
Verify Solutions is a metropolitan Atlanta-based company specializing in dependent eligibility audit services for employer-sponsored healthcare plans.
HMS Holdings projects revenues from dependent eligibility audits of approximately $7 million and expects the transaction to be accretive to earnings per share for the fiscal year ending December 31, 2010.
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