Sidley Austin LLP represented HMS Holdings Corporation on the deal
HMS Holdings Corp. (Nasdaq: HMSY) completed the acquisition of Accent, a payment accuracy and cost containment business. HMS purchased Accent from Intrado Corporation (f/k/a West Corporation) for approximately $155 million, subject to working capital and other customary adjustments, which HMS funded with cash on hand.
Accent’s offerings include comprehensive prospective and retrospective claims accuracy solutions, which incorporate both cost avoidance and overpayment recovery services. Its capabilities and client base are highly complementary to HMS, providing immediate market expansion and growth opportunities. Accent’s broad spectrum of healthcare payer clients include large commercial health plans, Blue Cross and Blue Shield plans, provider-sponsored health plans, Medicare Advantage plans, third-party administrators and self-insured employer groups.
Sidley Austin LLP represented HMS Holdings Corporation with a team including S. Scott Parel (Picture), Paul Choi (M&A) Yvette Ostolaza, Margaret Allen (Litigation), Meena Datta (Healthcare), Kelly Dybal (Finance), Laura Barzilai (Tax), Christopher Fonzone (Privacy), Glenn Nash (IP&IT), Heather Palmer (Environmental), Benjamin Rosemergy (Executive Compensation) and Robert Velevis (Litigation)
Involved fees earner: Margaret Allen – Sidley Austin LLP; Laura Barzilai – Sidley Austin LLP; Paul Choi – Sidley Austin LLP; Meenakshi Datta – Sidley Austin LLP; Kelly Dybala – Sidley Austin LLP; Christopher Fonzone – Sidley Austin LLP; Glenn Nash – Sidley Austin LLP; Yvette Ostolaza – Sidley Austin LLP; Heather Palmer – Sidley Austin LLP; Scott Parel – Sidley Austin LLP; Benjamin Rosemergy – Sidley Austin LLP; Robert Velevis – Sidley Austin LLP;
Law Firms: Sidley Austin LLP;
Clients: HMS Holdings;