GovCIO has closed its purchase of SoldierPoint Digital Health from Iron Bow Technologies, a portfolio company of global alternative investment firm H.I.G. Capital.
GovCIO said Tuesday the transaction expands its position in the Department of Veterans Affairs, particularly within the Veterans Health Administration.
“This acquisition represents the addition of important capabilities that enhance our ability to support the mission of our largest client, the Department of Veteran Affairs,” said Joe Cormier, chief operating officer and chief financial officer at GovCIO. “We are thrilled to welcome SoldierPoint to GovCIO and further expand our mission supporting Veterans.”
SoldierPoint’s CCIN IDIQ Contract With VA
SoldierPoint is Iron Bow’s telehealth division focused on delivering digital health platforms that enable organizations to modernize healthcare delivery for veterans.
As a result of the acquisition, SoldierPoint’s nearly 300 employees will join GovCIO’s Veteran and Enterprise Technology Solutions sector led by Kristin Gill.
GovCIO will also oversee SoldierPoint’s seven-year, $2 billion Connected Care Integrated Network, or CCIN, indefinite-delivery/indefinite-quantity contract with VA. The single-award CCIN contract, which is under the VHA Digital Health Office, supports over 4 million veterans through telehealth and connected care platforms.
GovCIO said it will use its previous experience with low-code/no-code programs, artificial intelligence and other emerging technologies to support the CCIN contract within VHA.
Iron Bow to Accelerate Efforts Within IT Solutions Business
Iron Bow President and CEO Rene LaVigne said the transaction reflects the partnership between H.I.G. and Iron Bow in turning SoldierPoint into a provider of digital health platforms for VA.
“GovCIO is uniquely positioned to support SoldierPoint’s future growth, and this divestiture positions Iron Bow to accelerate efforts within our core IT solutions business,” LaVigne added.
