LM Completes Acquisition Of QTC HoldingsBethesda, MD. - Lockheed Martin Corporation [NYSE: LMT] has completed its acquisition of QTC Holdings Inc. The company, based in Diamond Bar, Calif., is the largest provider of outsourced medical evaluation services to the U.S. Department of Veterans Affairs (VA), processing more than 450,000 evaluations last year.
Founded in 1981, QTC provides IT-enabled case management services and health care expertise to the Department of Defense, the VA and other U.S. government agencies. The acquisition was originally announced on August 22, 2011. Terms of the transaction were not disclosed.
Source : Lockheed Martin Corporation (NYSE: LMT)