Health Management Systems, Inc.
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Health Management Systems, Inc. - overview
Established
1974
Location
Irving, TX, US
Primary Industry
Healthcare IT
About
Health Management Systems, Inc. is a healthcare technology company focusing on innovative solutions that enhance healthcare management and patient engagement through intelligent data systems and advanced technology. Health Management Systems, Inc. , founded in 1974, operates in Irving, US.
The company specializes in healthcare management solutions. In December 2020, Gainwell Technologies, a portfolio company of Veritas Capital, acquired HMS for USD 3. 4 billion. The transaction was completed in April 2021.
The founders include Himanshu Mathankar and Jim Head, who have a background in technology and healthcare systems. HMS, a Gainwell Technologies Company, specializes in delivering healthcare technology solutions that integrate artificial intelligence, machine learning, blockchain, and big data analytics. Their services enhance healthcare outcomes by optimizing patient care and streamlining healthcare management for government agencies, providers, and insurance companies primarily in the United States. In 2020, HMS reported revenue of USD 626.
40 mn and an EBITDA of USD 118. 30 mn. Revenue is generated through structured transactions, including subscription models and partnerships with health plans and state agencies, leveraging their technology to improve operational capabilities and patient services. The recent acquisition by Gainwell Technologies is intended to support HMS's future growth strategy, which includes launching new products and expanding into new geographic regions.
Specific plans for expansion into additional markets are being developed. The recent funding will be utilized to enhance product offerings and support growth initiatives following the completion of the acquisition.
Current Investors
Gainwell Technologies LLC
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Medical Software, Analytics & Performance Software, Accounting/Finance Software
Website
www.hms.com
Verticals
Artificial Intelligence, FinTech, HealthTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Health Management Systems, Inc. - financials
| Fiscal Year Ended | Dec 31, 2001 | Dec 31, 2002 | Dec 31, 2003 | Dec 31, 2004 | Dec 31, 2005 | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 21, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 58,748,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | 474,200,000 | 489,700,000 | 521,200,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.3% | 6.4% | - | - | - |
| EBITDA (USD) | (15,520,000) | - | - | - | - | - | - | - | - | - | - | - | - | - | 100,300,000 | 102,600,000 | 100,500,000 | - | - | - |
| Operating Income (USD) | (18,070,000) | - | - | - | - | - | - | - | - | - | - | - | - | - | 47,600,000 | 57,700,000 | 50,400,000 | - | - | - |
| Operating Margin | (30.8%) | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.0% | 11.8% | 9.7% | - | - | - |
| % EBITDA Margin | (26.4%) | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.2% | 21.0% | 19.3% | - | - | - |
| NET Income (USD) | (19,464,000) | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,500,000 | 37,600,000 | 40,100,000 | - | - | - |
| % Net Margin | (33.1%) | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.2% | 7.7% | 7.7% | - | - | - |
Health Management Systems, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Health Management Systems, Inc. | - | ||||||||
| Trade Sale | Completed | Eliza Corporation | - |
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