Gainwell Technologies’ $3.4 Billion Acquisition of HMS


Latham & Watkins LLP represented HMS in the transaction.

HMS (HMS), an industry-leading technology, analytics and engagement solutions provider helping organizations reduce costs and improve health outcomes, and Veritas Capital-backed Gainwell Technologies (Gainwell), a leading provider of solutions that are vital to the administration and operations of health and human services programs, have entered into a definitive agreement whereby Gainwell will acquire HMS. Under the terms of the agreement, HMS shareholders will receive US$37.00 in cash per share. The transaction is expected to close in the first half of 2021.

Latham & Watkins LLP represented HMS in the transaction with a corporate deal team led by New York and Orange County partner Charles Ruck (Picture) and New York partner Tom Malone, and New York associates Javier Stark and Allison Eitman, with corporate associates Dianna Lee, Julian Azran, Anika Amin, Sophia Choi, Daniel Goldschmidt, and JC Kim in New York. Advice was also provided on finance matters by partner Dennis Lamont in New York; on tax matters by partner Matthew Dewitz, with associate Sam Yang in New York; on benefits and compensation matters by partner Michelle Carpenter in Los Angeles and Orange County, with associates Rachel Narowski and Joe Benedetto in Los Angeles; on intellectual property matters by partner JD Marple in the Bay Area; on antitrust matters by partners Farrell Malone and Mandy Reeves in Washington, D.C., with associate Evan Omi in the Bay Area; on compliance matters by partner Michele Johnson and counsel Kristin Murphy in Orange County; on real estate matters by counsel Betsy Mukamal, with associate Karen Ritter in New York; on healthcare matters by counsel Betty Pang in the Bay Area; on data privacy matters by counsel Heather Deixler in the Bay Area; and on government contracts matters by counsel Kyle Jefcoat, with associate Gemma Donofrio in Washington, D.C.

Involved fees earner: Anika Amin – Latham & Watkins; Julian Azran – Latham & Watkins; Michelle Carpenter – Latham & Watkins; Heather Deixler – Latham & Watkins; Matthew Dewitz – Latham & Watkins; Gemma Donofrio – Latham & Watkins; Allison Eitman – Latham & Watkins; Daniel Goldschmidt – Latham & Watkins; Kyle Jefcoat – Latham & Watkins; Michele Johnson – Latham & Watkins; Jicheal Kim – Latham & Watkins; Dennis Lamont – Latham & Watkins; Dianna Lee – Latham & Watkins; Thomas Malone – Latham & Watkins; Farrell Malone – Latham & Watkins; JD Marple – Latham & Watkins; Betsy Mukamal – Latham & Watkins; Kristin Murphy – Latham & Watkins; Rachel Narowski – Latham & Watkins; Evan Omi – Latham & Watkins; Betty Pang – Latham & Watkins; Amanda Reeves – Latham & Watkins; Karen Ritter – Latham & Watkins; Charles Ruck – Latham & Watkins; Javier Stark – Latham & Watkins; Sam Yang – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: HMS Holdings;

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Author: Ambrogio Visconti