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.
Top NewsTuesday, November 8, 2011
GRP Gets Exit At HealthDataInsights