CACI International (NYSE: CACI) has acquired Wisconsin-based healthcare information technology and analytics firm IDL Solutions for an undisclosed amount, CACI announced Wednesday.
CACI said it made the acquisition to grow its presence in the federal healthcare market, which the company values at $33.5 billion, and complement its November acquisition of Emergint Technologies (click here for our coverage of that transaction).
IDL has 100 employees and holds positions on contract vehicles with Department of Health and Human Services agencies such as the Centers for Medicare and Medicaid Services, Food and Drug Administration and National Institutes of Health.
“CACI’s acquisition of IDL Solutions, coupled with our recent acquisition of Emergint Technologies, is an important step in our strategy to build CACI’s healthcare IT business, ” said Dan Allen, president and CEO.
“This acquisition falls under our newly formed federal civilian solutions business group, which includes healthcare, and aligns with our ongoing growth strategy to gain a larger share of the rapidly growing healthcare IT market.”
Baly Ambegaoker, IDL president and CEO, added “we look forward to bringing our committed team and healthcare analytics capabilities to CACI and growing together as we continue to address mission challenges across the federal healthcare IT landscape.”
CACI estimates IDL’s 2012 revenue at $18.5 million and expects the transaction to increase CACI’s earnings per share during its first 12 months.
IDL, which has offices in Reston, Va., works with healthcare organizations to apply big data analytics to large amounts of health data and also has experience in application development, business automation and IT support.
IDL will help CACI provide healthcare organizations support for data collection, storage, analysis and dissemination, said John Mengucci, CACI’s chief operating officer and president of U.S. operations.
IDL holds a level three assessment from Carnegie Mellon University’s Software Engineering Institute.