Moving deeper into the healthcare industry, Science Applications International Corporation (NYSE: SAI) said it will purchase privately held Vitalize Consulting Solutions.
SAIC with headquarters in McLean, Va, said the purchase will expand upon it's government health solutions business where Federal clients are projected to integrate commercial products with their existing electronic health record (EHR) systems.
VCS, based in Kennett Square, PA provides information technology services to healthcare providers.
"Acquiring VCS enables SAIC to increase its presence in the commercial and federal healthcare space by offering solutions that meet our customers' critical needs, while offering the opportunity for cost reduction and improved patient care," said Joe Craver,SAIC Group President and Health, Energy and Civil Solutions Group leader.
600 employees will join SAIC's Health Solutions Business Unit. "We at Vitalize are excited to join the SAIC team," stated Bruce Cerullo, chief executive officer of VCS. "SAIC, a healthcare IT service leader in the government sector, and Vitalize in the commercial hospital and ambulatory market, will create a force to be reckoned with. Our clients can look forward to expanded service line offerings, and our people to new career growth opportunities -- all provided with rigorous attention to ensuring VCS and SAIC remain together -- a great place to work."
Terms of the agreement were not disclosed, the acquisition is expected to be completed in August 2011.