Acentia Merges With Federal Health IT Provider, Stottlemyer Named CEO

Acentia and federal health information technology provider 2020 Company are merging and will operate as Acentia, the companies announced Monday.

Acentia CEO Todd Stottlemyer will hold the same position at the combined company and 2020 Chief Operating Officer Robert McCord will become president and COO.

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Stottlemyer said in a release that the merger aligns with his company’s plans to grow, stemming from the renaming of the company from ITSolutions.

The Falls Church, Va.-based companies will employ nearly 1, 200 workers and open new offices in Atlanta and Baltimore.

Customers of 2020 include the Centers for Medicare and Medicaid Services, the Centers for Disease Control and Prevention, the Education Department and the National Oceanic and Atmospheric Administration.

That company provides consulting and outsourcing services in health, education and science, among other services.

It also maintains custom systems, develops and integrates systems and provides business process and IT support.

New York City-based private equity firm Snow Phipps Group is the principal investor in Acentia and acquired a majority stake in the firm in 2009.

RBS Citizens acted as lead arranger and Citizens Bank acted as administrative agent for the transaction.

Bank of America, M&T Bank and SunTrust Bank also helped secure senior credit bank financing and a line of credit.

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