NEW YORK, Jan. 16 /PRNewswire/ -- HMS Holdings Corp. will replace MGI PHARMA Inc. in the S&P SmallCap 600 after the close of trading on Tuesday, January 22. MOGN is being acquired by S&P Global 1200 constituent Eisai Co. in a deal expected to close on or about that date, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
HMS Holdings provides cost containment, coordination of benefits, and program integrity services to government healthcare programs in the United States. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Health Care Services Sub-Industry index.
Following is a summary of the change: S&P SMALLCAP 600 INDEX - January 22, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED HMS Holdings Health Care Health Care Services DELETED MGI PHARMA Health Care Pharmaceuticals
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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