GD Completes Acquisition of Vangent
- Transaction expands company's capabilities in fast-growing healthcare IT market
Vangent now becomes part of General Dynamics Information Technology, headquartered in Fairfax, Va. Vangent's core offerings include health informatics and information exchange, electronic health records and data analytics, as well as state-of-the-art business-process outsourcing solutions and systems. It supports customers in the U.S. Departments of Health and Human Services, Commerce, Education, Justice Labor, State, Veterans Affairs and Military Health Systems.
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Jay L. Johnson, chairman and chief executive officer of General Dynamics, said, "Together with General Dynamics Information Technology's 30 years of experience in the healthcare 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."
Source : General Dynamics Corporation (NYSE: GD)