General Dynamics scoops up Vangent with an eye on health IT

Continuing its string of acquisitions, General Dynamics IT on Tuesday announced that it will acquire Vangent. For the nearly $1 billion ticket, GDIT obtains Vangent, it’s [sic] 7,500 employees, and a lineup of products including electronic health records, data analytics, health informatics, and business-process-outsourcing solutions. The portfolio will build out GDIT’s HIT systems and solutions offerings for federal, military and commercial entities....

...Arlington, VA-based Vangent serves U.S. Departments including Health and Human Services, Education, Labor, State, and Defense. GDIT hopes that the deal will create “a Tier 1-level healthcare IT business unit with the scope and scale to compete in markets that are receiving high priority in current funding and entitlement-reform initiatives,” said Jay L. Johnson, chairman and chief executive officer of General Dynamics in a prepared statement....