GD closes $960M Vangent acquisition

General Dynamics Corp. has closed its $960 million acquisition of Vangent Inc. in a move that builds out GD’s health care IT business.

The company becomes part of General Dynamics IT and creates a health care business that stretches across both civilian and defense agencies.


RELATED STORY

Is GD building a health IT juggernaut?


“Together with General Dynamics Information Technology’s 30 years of experience in the health care IT market, this acquisition creates a Tier 1-level business that can meet the large-scale requirements of customers in markets that are receiving high priority in current funding and entitlement reform initiatives,” GD chairman and CEO Jay Johnson said in an announcement.

Vangent brings offerings that include health informatics and information exchange, electronic health records and data analytics, and business-process outsourcing solutions and systems. Customers include the Health and Human Services, Commerce, Education, Justice Labor, State, and Veterans Affairs departments and the Military Health Systems.

In the health care arena, General Dynamics IT provides systems that detect and prevent fraud, waste and abuse in health care claims. It also supports the U.S. military health system with advancements in primary patient care, virtualization, electronic health records, medical research and medical logistics. Customers include the Centers for Medicare and Medicaid Services, the Food and Drug Administration, the Centers for Disease Control and Prevention, the Veterans Affairs Department, the Air Force Medical Support Agency, the Navy Bureau of Medicine, the Army Medical Department, and the Defense Military Health System. The company also serves commercial health payers.

The cash deal was announced Aug. 16. Vangent was majority owned by Veritas Capital, a private equity group that has made several investments in the government market.

Vangent adds 7,500 employees to General Dynamics IT, bringing its total to 24,000 employees.

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
 Top 100 Slideshow
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts