HMS Holdings Corp. (HMSY) announced Monday morning that it acquired the assets of Verify Solutions for $8 million, with additional future payments contingent upon future financial performance. The company expects the transaction to be accretive to EPS for the fiscal year ending December 31, 2010.
HMS Holdings Corp. spiked sharply to the upside early Monday, but settled into a range for the majority of the session. Shares finished up by $3.37 at $52.06. The stock rose above over a one-week range and closed at a new high for the year.
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