Home / M&A Activity / Booz Allen Buys Genova Technologies’ Health IT Portfolio; Kristine Martin Anderson Comments

Booz Allen Buys Genova Technologies’ Health IT Portfolio; Kristine Martin Anderson Comments

healthcare-systemBooz Allen Hamilton has moved to expand its federal health information technology business by acquiring Genova Technologies‘ healthcare assets for an undisclosed amount.

The transaction is intended to supplement Booz Allen’s work to deliver technical and engineering health IT services to the U.S. Centers for Medicare and Medicaid Services and other federal customers, Booz Allen said Monday.

“We’re proud to support the government in the implementation of the Affordable Care Act, and this acquisition provides an opportunity to strengthen and expand our support, ” said Kristine Martin Anderson, senior vice president of Booz Allen Hamilton.

Susan Penfield, executive vice president of Booz Allen’s health business unit, said the health workforce from Genova brings technical expertise and an innovation culture that aligns with Booz Allen’s mission.

The acquired Genova business runs a facility in Baltimore and employs 40 staff who have been supporting IT programs at CMS.

Booz Allen won a contract to help CMS design, implement and evaluate a range of medical payment schemes and service delivery models.

Check Also

Red Hat to Hold Special Stockholders’ Meeting on IBM Merger

Shareholders in Red Hat (NYSE: RHT) will vote Jan. 16 on whether to approve IBM‘s (NYSE: IBM) proposed …

Speedcast Receives CFIUS Clearance for Globecomm Deal

Speedcast International announced Thursday that the Committee on Foreign Investment in the United States (CFIUS) has approved the …