Fulcrum IT Services, LLC, a technology company based in Centreville, has acquired Forgentum, Inc., a provider of application development, integrated systems engineering, managed services and training related to clinical technology solutions and the DoD healthcare community.
Fulcrum CEO Jeff Handy said, “This acquisition solidifies Fulcrum’s offerings in healthcare and includes invaluable talent and historic knowledge working in the military healthcare community”.
Forgentum complements and expands Fulcrum’s healthcare services including direct support to the Department of Defense, Military Health Systems, Healthcare Artifact and Image Management Solution, as well as the Defense Health Clinical System.
The Defense Health Clinical System provides information management and solutions that capture, manage and share healthcare data for the military’s worldwide Electronic Health Record (EHR).
Forgentum CEO and co-founder Lyn Hurd added, “Fulcrum’s culture and history of performance in DoD application development, integration and operational support are well-known. Joining Fulcrum will open additional opportunities for our employees and will allow Forgentum to expand our solutions and support to current and new clients moving forward.”
The acquisition complements Fulcrum’s portfolio of key clients including the TRICARE Management Activity (TMA), EHR Core (formerly DHIMS) and the Enterprise Infrastructure (formerly MCiS). Forgentum adds direct experience with the majority of DoD healthcare solutions including AHLTA, CHCS and HAIMS as well as current work supporting interfaces to the VA’s Veterans Health Information Systems and Technology Architecture (VistA).
The acquisition enables Fulcrum to deliver technology support through Forgentum’sprime position on the NIH CIO-SP 3 contract, a Government-Wide Acquisition Contract (GWAC) vehicle in support of the Federal Enterprise Architecture, the Department of Defense Enterprise Architecture and the Federal Health Architecture, with a $20 billion ceiling and performance period through 2022.
Forgentum’s experience is mainly medical applications technology, with 95 percent of its revenue stemming from MHS development, integration and operational support contracts. More than 50 percent of the staff has 10-plus years experience in supporting DoD medical programs.
The acquisition represents Fulcrum’s third add-on acquisition since 2010 when private equity investors Boyne Capital Partners and Grindstone Partners teamed with management in a buyout of the company.