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Biotech / Medical : Health Management Systems, Inc. (HMSY)- Great BuY!

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From: JakeStraw2/17/2012 8:01:56 AM
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HMS Holdings Corp. Announces Q4 and Full Year 2011 Results
finance.yahoo.com

Full Year GAAP EPS Increases 27.7% after adjusting for HDI Acquisition

“We made tremendous progress in 2011 on our multi-year plan to diversify our market and product portfolio and create a platform for continued growth," said Bill Lucia, Chief Executive Officer of HMS. We established ourselves as the Medicaid RAC market leader, securing 17 contracts for RAC and RAC-like services. Despite slower than anticipated implementation by CMS and by the states of the Medicaid RAC program nationally, we are well positioned to meet our revenue growth targets from this sector over the long term.”

Lucia continued, “In addition, with the purchase of HDI we completed what we believe will be a transformational acquisition. HDI accelerates our entry into the commercial market and establishes a major presence in the Medicare space.”
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