SAIC completes purchase of large healthcare services provider
Acquisition of maxIT expands SAIC's services and solutions to commercial hospital groups and other medical organizations.
Science Applications International Corp. has completed its acquisition of maxIT Healthcare Holdings Inc., a healthcare IT consulting firm based in Westfield, Ind.
Although financial terms of the deal were not reported in the announcement, earlier reports of the sale put the purchase price at $493 million.
MaxIT Healthcare, one of the largest private independent healthcare IT consulting company in North America, provides a comprehensive range of healthcare IT services and solutions primarily to commercial hospital groups and other medical delivery organizations. Services include IT strategy and planning, electronic health record (EHR) implementation and optimization, and management consulting across a broad range of activities such as accountable care transformation, SAIC said in an August 13 announcement.
Approximately 1,300 employees from maxIT Healthcare have joined SAIC's Health Solutions Business Unit, which is led by Steve Comber. HSBU is part of the Health, Energy and Civil Solutions Group, led by SAIC Group President Joe Craver.
The acquisition strengthens SAIC's capabilities to provide EHR implementation and integration services to its federal healthcare customers as they transition to commercial off the shelf EHR applications. It also enables SAIC to leverage its expertise in systems integration, health sciences and advanced data analytics to assist providers as they begin to personalize and deliver value-based healthcare, the announcement explained.