Tuesday, November 8, 2011
GRP Gets Exit At HealthDataInsights
Los Angeles-based venture capital firm GRP Partners has scored an exit at one of its portfolio firms, Las Vegas-based HealthDataInsights. HealthDataInsights was acquired by HMS Holdings, in a deal worth $400M; the deal is split between $384M in cash plus $16M in assumed options. GRP Partners owned 30% of HealthDataInsights. HealthDataInsights provides technology which is used to detect fraud and billing errors in Medicare and other insurance programs. GRP's investment in HealthDataInsights was overseen by Yves Sisteron.