Salient CRGTÂ hasÂ finalized its acquisition of health information technology company Information Innovators Inc.Â in a move that aims to build on the former’sÂ health IT portfolioÂ for the federal government.
The purchase is also part of Salient CRGT’s efforts to drive revenue to more than $500 million and expand its workforce across 150-plus locations around the world, the company said Wednesday.
“The combination of the two companies sets the path to provide healthcare analytics to a broad range of customers as we look to cover the entire spectrum of what healthcare agencies require in today’s challenging environment,” noted Salient CRGT PresidentÂ Tom Ferrando.
He added the team will release new analytics and business intelligence service offerings in the next three months to address requirements at health-focused federal agencies.
Triple-i’s government customer base includes the Department of Health and Human Services, the Department of Veterans AffairsÂ and the Defense Health Agency.
Salient CRGT saidÂ RBC Capital Markets and Sagent Advisors served as its financial advisers whileÂ Willkie Farr & Gallagher and Garvey Schubert Barer were its legal advisers for the transaction.
Triple-i tappedÂ KippsDeSanto & Co. as its financial adviser andÂ Holland & Knight as legal adviser.