HMS Holdings Corp. (NASDAQ:HMSY) today announced that on October 28, 2013, Craig R. Callen joined the company’s Board of Directors. Mr. Callen is a Senior Advisor at Crestview Partners, a private equity firm with over $4.0 billion under management.
“Craig’s healthcare investment banking experience coupled with his corporate development expertise is particularly relevant for us in this dynamic healthcare environment,” commented Bill Lucia, President and CEO of HMS. “We are delighted to have him on the Board and look forward to his insight and perspective as we continue to evaluate, develop and implement new solutions for commercial payers – an important growth area for the company.”
From 2004 to 2007, Mr. Callen was Senior Vice President and Head of Strategic Planning and Business Development and a member of the Executive Committee for Aetna, Inc. In his role at Aetna, Mr. Callen reported directly to the Chairman and CEO and was responsible for oversight and development of Aetna’s corporate strategy, including mergers and acquisitions. During his tenure, Mr. Callen and his team led the acquisitions of seven companies, investing over $2.0 billion, broadening Aetna’s revenue, global presence, product line, targeted markets and participation in government programs. Prior to joining Aetna, Mr. Callen was a Managing Director and Head of U.S. Healthcare Investment Banking at Credit Suisse First Boston and Co-Head of Healthcare Investment Banking at Donaldson, Lufkin & Jenrette. Mr. Callen serves on the Board of Directors of Omega Healthcare Investors, Inc. and Symbion, Inc., a Crestview portfolio company. Previously he served on the Boards of Sunrise Senior Living Inc. and Kinetic Concepts Inc.
Mr. Callen holds a B.S./B.A. from Boston University and an MBA from Harvard Business School.About HMS Holdings Corp. HMS Holdings Corp., through its subsidiaries, is the nation's leader in coordination of benefits and program integrity services for healthcare payers. HMS's clients include health and human services programs in more than 40 states; commercial payers, including group health plans, Medicare Advantage Plans, more than 148 Medicaid managed care plans, and employers; the Centers for Medicare and Medicaid Services (CMS); and Veterans Administration facilities. As a result of the company's services, clients recovered $3.2 billion in 2012, and saved billions more through the prevention of erroneous payments.