General Dynamics recently completed its acquisition of Vangent Holding Corp. The acquisition was originally announced on August 16 and was valued at approximately $960 million.
Vangent supports various branches of government providing health informatics and information exchange, electronic health records, data analytics, and much more.
Jay L. Johnson, Chairman and CEO of General Dynamics, said, “Together with General Dynamics Information Technology’s 30 years of experience in the healthcare IT market, this acquisition creates a Tier 1-level business that can meet the large-scale requirements of customers in markets that are receiving high priority in current funding and entitlement-reform initiatives.”
After acquiring Vangent, General Dynamics Information Technology will employ over 24,000 workers worldwide.