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Business/Financial

GD To Acquire Healthcare IT Provider Vangent For $960 Million

Defense Daily Staff

Wednesday, August 17th, 2011

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In a deal that would significantly expand its capabilities in providing healthcare-related information technology (IT) solutions to the federal government, General Dynamics [GD] yesterday said it has agreed to acquire Vangent Holding Corp. from the private equity firm Veritas Capital for $960 million in cash. GD said the deal would elevate it to Tier 1 status as a federal healthcare IT provider, basically meaning it will be able to compete for the largest opportunities in this market. “Vangent is a…

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