Science Applications International Corp. has entered into a definitive agreement to acquire federal health IT company Halfaker and Associates LLC for $250 million, growing the company’s digital transformation portfolio.
Halfaker, which is headquartered in Arlington, Virginia with an office in Clearwater, Florida, is known for its work creating, modernizing, integrating and securing mission critical systems for federal government customers.
SAIC CEO Nazzic Keene said the acquisition reinforces the company’s commitment to supporting the government healthcare mission, including its strong support for the health and wellbeing of veterans.
“It further accelerates SAIC’s profitable growth, brings key diverse talent, and offers access to strategic customers and contract vehicles within health IT for the DOD and federal government,” Keene said.
“Halfaker is a strong cultural fit with mission-focused talent, and enhances our ability to support our customers’ digital transformation needs and positions SAIC to be an innovative technology solutions provider into the future.”
Halfaker President and CEO Dawn Halfaker is excited to embark on this next chapter of the company’s mission to serve.
“The alignment of SAIC’s culture and values with this important mission has been critical in making the decision to join forces and successfully bolster the services we provide our customers with even greater digital transformation capacity and scalability,” Halfaker said. “This acquisition enables our delivery teams to maintain our customer-centric focus while exponentially increasing our ability to provide the technical depth and top technical talent needed to meet the government’s most pressing challenges.”
Halfaker provides digital services, data analytics, cybersecurity and cloud solutions to the Departments of Veterans Affairs, Defense and Health and Human Services, and to the Centers for Medicare and Medicaid services. SAIC and Halfaker’s solutions strengthen the company’s digital transformation portfolio in DevSecOps, digital engineering, automation and process improvement.
The transaction is expected to close by the end of SAIC’s second quarter of fiscal year 2022, ending July 30. Robert W. Baird & Co. acted as the exclusive financial advisor to Halfaker and Associates on this transaction, and Crowell & Moring LLP served as legal counsel. King & Spalding LLP served as legal counsel to SAIC.