Salient CRGT has finalized its acquisition of health information technology company Information Innovators Inc. in a move that aims to build on the former’s health IT portfolio 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 President 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 Affairs and the Defense Health Agency.
Salient CRGT said RBC Capital Markets and Sagent Advisors served as its financial advisers while Willkie Farr & Gallagher and Garvey Schubert Barer were its legal advisers for the transaction.
Triple-i tapped KippsDeSanto & Co. as its financial adviser and Holland & Knight as legal adviser.