Bethesda, Md.-based defense technology corporation Lockheed Martin announced Oct. 30 it will acquire Syracuse, N.Y.-based Systems Made Simple, a health IT products provider to the federal government.
“Technology is rapidly transforming the healthcare landscape in the United States and is critical to reducing costs and improving patient care,” said Lockheed Martin Chairwoman, President and CEO Marillyn Hewson. “Systems Made Simple’s capabilities in engineering health technology solutions are a natural extension of our existing health IT portfolio and will enable us to deliver a broader portfolio of capabilities to meet our healthcare customers’ current and future needs.”
“Lockheed Martin and Systems Made Simple share a common technology vision and a common commitment to our nation’s veterans,” Systems Made Simple Chairman and President Al Nardslico said. “We are proud to bring our collective experience to deliver more robust healthcare solutions to the men and women who have served our great country.”
Financial terms of the deal, expected to close within 30 days, were not disclosed. Once the transaction is closed, the company will report through the Corporation’s Information Systems & Global Solutions business area.
Systems Made Simple offers technology and services designed to improve the exchange of information among patients, providers and payers. The company works with the Dept. of Veterans Affairs in areas such as health data analytics, data center operation, health data management and health system interoperability.
Systems Made Simple is a privately-held company with more than 500 employees in McLean and Charlottesville, Va.; Salt Lake City, Utah; Tampa, Fla.; and Austin, Texas.
WashingtonExec covered Hewson in September about Lockheed Martin’s vision for the future. Systems Made Simple CEO Ron Fishbeck was also interviewed as a 2014 Greater Washington GovCon Awards nominee.
