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HMS HLDGS CORP : HMS Holdings Corp. Ranked # 10 on FORTUNE List of 100 Fastest-Growing Companies

08/24/2010 | 08:35am US/Eastern
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FORTUNE announced Thursday that HMS Holdings Corp. (NASDAQ: HMSY) has been ranked 10th on the 2010 ?100 Fastest-Growing Companies? list. The full list and related stories appear in the September 6, 2010 issue of FORTUNE, available on newsstands on Monday, August 23, and now at http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2010/index.html.

?We are pleased to be recognized as one of Fortune's 100 Fastest-Growing Companies for 2010," said Bill Lucia, Chief Executive Officer of HMS. "Our business continues to grow rapidly as we strive to meet our clients' needs for program integrity and other cost containment solutions,? added Lucia. ?In fact, in our most recently reported quarter, HMS had revenue of $70.7 million, up 31.4% year over year, and net income growth of 37.8%. Our revenues increase only when we save our clients money; in 2009 we recovered over $1.25 billion for healthcare payors and provided cost avoidance services that saved them several billion dollars more.?

Ranking Criteria

To qualify for 100 Fastest-Growing Companies, foreign or domestic companies had to meet the following criteria: be trading on a major U.S. stock exchange; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 on June 30, 2010; and have been trading continuously since June 30, 2007. The company must also have revenue and net income of at least $50 million and $10 million, respectively, for the four quarters ended on or before April 30, 2010. Finally, the company must have posted an annualized growth in revenue and earnings per share of at least 15% annually over the three years ended on or before April 30, 2010.

Companies that meet the above criteria were ranked by revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 30, 2010. (To compute the revenue and EPS growth rates, FORTUNE uses a trailing four quarters log linear least square regression fit.) The overall rank was based on the sum of the three ranks. Once the 100 companies were identified, they were then re-ranked within the 100, using the three equally weighted variables. If there is a tie, the company with the larger four-quarter revenue receives the higher rank.

About HMS (NASDAQ:HMSY)

HMS is the nation's leader in coordination of benefits and program integrity services for healthcare payors. HMS's clients include health and human services programs in more than 40 states; commercial programs, including commercial plans, employers, and over 100 Medicaid managed care plans; the Centers for Medicare and Medicaid Services (CMS); and Veterans Administration facilities. As a result of the company's services, clients recover over $1 billion annually, and save billions of dollars more in erroneous payments.

HMS
Media Relations
Francesca Marraro, 212-857-5442
fmarraro@hms.com
or
Investor Relations
Christine Saenz, 212-857-5986
csaenz@hms.com


© Business Wire 2010
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