MCLEAN, Va., Aug. 8, 2011 /PRNewswire/ -- Science Applications International Corporation (SAIC) [NYSE: SAI] today announced that it has completed the acquisition of Vitalize Consulting Solutions (VCS), Inc., a leading provider of clinical, business and information technology (IT) services for healthcare enterprises.
VCS primarily serves customers in the commercial hospital market that are implementing electronic health record (EHR) products and systems, providing a range of services including strategic consulting, system implementation and operational improvement. The company specializes in the implementation and optimization of EHR systems from major commercial-off-the-shelf vendors, as well as others within the ambulatory and practice management arenas.
The deal enables SAIC to expand in the commercial health provider market and leverage its information integration and data analytics expertise with VCS' healthcare IT and clinical workflow optimization capabilities to further grow as commercial and Federal health markets converge. Approximately 600 VCS employees have joined SAIC's Health Solutions Business Unit (HSBU), led by Steve Comber. HSBU is a part of the Health, Energy and Civil Solutions Group, led by SAIC Group President Joe Craver.
"We welcome VCS and its employees to SAIC, and look forward to combining our capabilities to better serve our federal and commercial customers through the implementation of commercial EHR products and solutions," said Craver.
Comber agreed, adding that the acquisition of VCS adds significant depth to SAIC's EHR capabilities.
"VCS brings a long history of excellent service to its commercial customers, and we are pleased to have them join our team," he said. "As government organizations increasingly adopt COTS (commercial-off-the-shelf) EHR solutions, the combination of SAIC's established customer base in government and Vitalize's strong commercial EHR implementation capabilities will help create a synergistic set of business opportunities in the future."
Terms of the all-cash deal were not disclosed.
About SAICSAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 41,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. government civil agencies, and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $11.1 billion for its fiscal year ended Jan. 31, 2011. For more information, visit www.saic.com. SAIC: From Science to Solutions®
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended Jan. 31, 2011, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.Contact:
Vernon Guidry(703) 676-6762
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