HMS Healthcare (“HMS”), headquartered in Denver, Colorado, was formed to acquire leading regional rental/access network Preferred Provider Organizations (“PPOs”). The first acquisition, Sloans Lake Preferred Health Network (“SLPHN”), was completed in June 2004 and is the largest rental network PPO in the state of Colorado. In July 2004 HMS acquired PPOM LLC ,the largest independent PPO in the Midwest. Through these branded operations, HMS facilitates delivery of healthcare benefits to nearly 1.75 million lives in Colorado, Michigan, Ohio, and in certain areas of Indiana, Kentucky and Wisconsin. HMS develops and maintains healthcare provider networks, re-prices claims, and provides medical management and other ancillary services directed at payors and providers.
Date of Realization: July 2005
Industry Sector: Healthcare Services