MERGERS & ACQUISITIONS
CACI acquires healthcare IT firm
Acquisition falls under newly formed Federal Civilian Solutions business group, Dan Allen said
- By Washington Technology staff
- Jan 02, 2013
CACI International Corp. has acquired IDL Solutions Inc., expanding CACI’s presence in the federal health insurance area of the healthcare market. The deal also complements the company’s November 2012 acquisition of Emergint Technologies Inc.,
according to a Yahoo Finance report
. Financial terms of the deal remain undisclosed.
On the combination of the two recent acquisitions, Dan Allen said they are “an important step in our strategy to build CACI’s health care IT business. This [IDL] acquisition falls under our newly formed Federal Civilian Solutions business group, which includes health care, and aligns with our ongoing growth strategy to gain a larger share of the rapidly growing health care IT market.”
IDL Solutions, headquartered in Germantown, Wis., was founded in 1993, and has federal offices in Reston, Va. The company uses analytics to help health care organizations gain insight from large amounts of health data; this drives cost-effective business processes, improves patient care and increases mission success, Yahoo Finance said.
The company brings its expertise in application development, data analytics, business automation and information technology support to CACI. IDL also adds its contract vehicles to CACI’s portfolio, including vehicles with the Health and Human Services Department, specifically with the Centers for Medicare and Medicaid Services, Food and Drug Administration and National Institutes of Health.
“With our acquisition of IDL Solutions, CACI has specialized capabilities to address the challenges of clients in the federal civilian healthcare and health insurance spaces. In particular, IDL Solutions’ expertise in big data will enable us to provide the critical data collection, storage, analysis, and dissemination capabilities that enable healthcare organizations to improve customer service, minimize fraudulent activities, and promote better patient care,” said John Mengucci, CACI COO and president of U.S. Operations.
The investment bank KippsDeSanto served as an advisor to IDL.