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You are here: Home / Media / Irving-based HMS Settles $60 Million Breach of Contract Verdict for $20 Million

Irving-based HMS Settles $60 Million Breach of Contract Verdict for $20 Million

July 5, 2018 By TDMR Leave a Comment

Irving-based HMS Healthcare has settled litigation with the founders of a business it bought in 2010, agreeing to pay plaintiffs Dennis Demetre and Lori Lewis $20 million.

In November, a New York jury ruled in favor of Demetre and Lewis’ breach of contract claim, awarding the two $60 million in damages. HMS had filed a post-trial motion for an order granting it judgment notwithstanding the verdict or to set aside the award of damages, according to the most recent quarterly report of HMS-parent HMS Holdings.

The two sides signed the settlement on June 27, and HMS—which surpassed $500 million in revenue last year—paid it from available cash on June 28. HMS Healthcare is a healthcare IT company that helps payers with cost-containment through tech and analytics.

Source: Irving-based HMS Settles $60 Million Breach of Contract Verdict for $20 Million / D CEO Healthcare Magazine

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Filed Under: Media Tagged With: medicaid fraud, Texas Medicaid Fraud Prevention Act

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