FALLS CHURCH, VA – General Dynamics has announced its acquisition of Arlington, Va.-based Vangent, Inc., a provider of healthcare IT and business systems to federal agencies, for $960 million.
Vangent will become part of General Dynamics Information Technology (GDIT), which has been providing health IT solutions to federal, commercial and military customers for almost three decades.
[See also: Vangent gets $3.3M to help Indian Health Service with meaningful use.]
For the nearly $1 billion ticket, GDIT obtains Vangent, its 7,500 employees, and a lineup of products including electronic health records, data analytics, health informatics and business-process-outsourcing solutions, greatly broadening GDIT’s health IT offerings.
Vangent serves U.S. Departments including Health and Human Services, Education, Labor, State, and Defense. GDIT hopes the acqisition will create “a Tier 1-level healthcare IT business unit with the scope and scale to compete in markets that are receiving high priority in current funding and entitlement-reform initiatives,” said Jay L. Johnson, chairman and CEO of General Dynamics.
[See also: General Dynamics partners with McKesson to modernize military EHR.]
The proposed deal has already been approved by both companies boards, and is expected to close on October 1.
Last month General Dynamics announced its intention to purchase Network Connectivity Solutions, and closed its acquisition of Fortress Technologies.
