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Business/Financial

Lockheed Martin To Acquire Federal Health IT Company Systems Made Simple

By Cal Biesecker

Thursday, October 30th, 2014

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Lockheed Martin To Acquire Federal Health IT Company Systems Made Simple

Lockheed Martin Chairman, President and CEO Marillyn Hewson

Lockheed Martin [LMT] on Thursday said it has agreed to acquire Systems Made Simple, a provider of health information technology (IT) and analytics solutions to the federal government, boosting its capabilities in the health IT space. Terms of the deal, which is expected to close within 30 days, were not disclosed, although Lockheed Martin said it would be immaterial to its financial results. “Technology is rapidly transforming the healthcare landscape in the United States, and is critical to reducing costs…

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