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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