Reston-based Gainwell Technologies, a six-month-old spinoff company of DXC Technology, has completed its approximately $3.4 billion acquisition of HMS Holdings, a Texas-based health care technology company, Gainwell announced April 1.
The all-cash deal, announced in December 2020, was made for $37 per share.
Gainwell, which has more than 7,500 employees, was created in October as the result of a spinoff from Tysons-based Fortune 500 IT services company DXC Technology. New York-based private equity firm Veritas Capital bought DXC’s U.S. State and Local Health and Human Services business for $5 billion.
