Baird’s Global Investment Banking Group announced on Wednesday that Leidos Health, LLC, a subsidiary of Leidos, Inc., has been acquired by ettain group, a portfolio company of Alvarez & Marsal Capital (“A&M Capital”). Terms of the transaction were not disclosed. Leidos Health will be re-branded as part of ettain group’s Healthcare IT practice as ettain health.
Ettain Group’s acquisition highlights the company’s themes to pursue diversification driving consolidation in the IT staffing market, streamline through divestitures and portfolio shaping and improve private equity interest in health IT.
Leidos Health is a market leading provider of Electronic Health Records (EHR) implementation, optimization and go-live services. The company was formed through the acquisitions of Vitalize Consulting Solutions in 2011 and MaxIT Healthcare in 2012.
Ettain Group is a leading talent solutions firm that delivers Recruitment Services and Managed Services in information technology, healthcare IT and digital creative. Ettain group helps clients successfully design, develop and deliver critical technology and business initiatives.
Leidos, Inc. is a Fortune 500 information technology, engineering, and science solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, homeland security, civil, and health markets. Leidos’ 33,000 employees support vital missions for government and commercial customers.