Home / M&A Activity / SAIC to Acquire Healthcare IT Provider; Craver Comments

SAIC to Acquire Healthcare IT Provider; Craver Comments


Joe Craver, SAIC

SAIC (NYSE: SAI) has entered a definitive agreement to acquire healthcare IT services provider Vitalize Consulting Solutions for an undisclosed amount.

VCS implements and optimizes electronic health record systems from commercial-off-the-shelf vendors. It also provides strategic IT consulting.

SAIC will bolster its information integration and data analytics with VCS’ portfolio.

Approximately 600 VCS workers will join SAIC’s health solutions business unit.

“Acquiring VCS enables SAIC to increase its presence in the  commercial and federal healthcare space by offering solutions that meet our customers’ critical needs, while offering the opportunity for cost reduction and improved patient care,” said Joe Craver, president of SAIC’s health, energy and civil solutions group.

The acquisition is expected to close in August 2011, subject to customary closing conditions.

Check Also


Lockheed Boosts Intl Sales Goal to 30% on F-35, Missile Defense Prospects

Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal …

F35C launch on USS Nimitz

Lockheed’s Revised 2016 Outlook Post-Leidos Deal Tops Street Consensus

Lockheed Martin (NYSE: LMT) unveiled revised full-year earnings and revenue guidance that exceeded Wall Street’s expectations Monday in the …

Subscribe to our Newsletter
I will subscribe later