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Leidos to Buy Medical Consulting Firm IMX

Jeff Brody

Leidos (NYSE: LDOS) has agreed to buy IMX Medical Management Services, a consulting firm that offers independent medical evaluation, case management and record review services to state and local government agencies.

Terms of the deal were not disclosed and Leidos said Wednesday it expects to close the transaction in the third quarter, pending customary approvals.

Malvern, Pa.-based IMX will become a subsidiary of QTC Management, which Leidos bought as part of the Reston, Va.-based contractor’s 2016 acquisition of the information systems and global solutions business from Lockheed Martin (NYSE: LMT).

QTC, which performs medical exam and data assessments for federal healthcare customers, will absorb nearly 200 employees as a result of the acquisition.

Jon Scholl, president of Leidos’ health group, said the company has a 35-year history of delivering technology-based exam services through QTC.

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