Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of health-care financial operations optimizer HMS Holdings
So what: HMS just announced acquisition of privately held HealthDataInsights. Investors clearly love the deal, as the jump added about $300 million to HMS' market cap today -- nearly equal to the $400 million HMS is spending on the deal.
Now what: Not afraid to strut their stuff, management said that HDI is "one of the few strategic opportunities we have seen with revenue growth rates and profitability comparable to our own." Given that the company is large enough to absorb direct rivals CorVel
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