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HMS Holdings Corp.
HMS Acquires Prudent Rx To Expand Pharmacy Audit Capabilities
October 5th, 2008
HMS (NASDAQ:HMSY) announced that it has entered into a definitive agreement to acquire the business of Prudent Rx, Inc., an independent pharmacy audit and cost containment company based in Culver City, California. With this acquisition, HMS further expands its portfolio of program integrity service offerings for government healthcare programs and managed care organizations. "Auditing pharmacy providers and pharmacy claims is a critical component of a healthcare cost containment program," said Bill Lucia, President of HMS. "It is often the only way to deal with pharmacy fraud, billing errors, and abuse by patients and physicians. Prudent Rx offers expert management and...
Source: Pharma Investments, Ventures & Law Weekly (2008-10-05)
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