SAIC Inc. (NYSE: SAI) has agreed to acquire Westfield, Ind.-based healthcare information technology firm maxIT Healthcare Holdings for $473 million cash.
SAIC said Tuesday it expects the transaction to close in August and will pay up to $20 million to maxIT Healthcare shareholders after the receipt of certain tax credits.
Nearly 1, 300 maxIT Healthcare employees will join SAIC’s health solutions business unit, within that company’s health, energy and civil solutions group.
Joe Craver, president of the group, said in a release that this acquisition complements SAIC’s 2011 buy of Vitalize Consulting Solutions Inc, which provides clinical, business and IT services for healthcare enterprises.
Craver added the company made both acquisitions to address rising healthcare costs, access to care and patient outcomes.
Steve Comber, president for the health solutions unit at SAIC, told Jill Aitoro of the Washington Business Journal the company believes it should broaden into the commercial market to remain strong and compete in the federal market.
Together, the companies will provide commercial organizations with electronic health record implementation and optimization services.
MaxIT Healthcare works with more than 600 hospitals, hospital groups, physician practices and accountable care organizations.