SAIC to Acquire Federal Health IT Company Halfaker and Associates

About this update from Science Applications International Corporation

[{"type":"text","content":"\n\nExpands SAIC’s health IT portfolio and accelerates long-term strategy\n\n\nWell aligned to company’s growing digital transformation presence\n\n\nTransaction will be accretive to SAIC’s revenue growth rate, adjusted diluted earnings per share, and free cash flow in fiscal year 2022\n\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corp. (NYSE: SAIC) announced today that it has entered into a definitive agreement to acquire Halfaker and Associates, LLC, a leading federal health technology solutions provider, for $250 million, growing the company’s digital transformation portfolio.\n\nHalfaker is headquartered in Arlington, Virginia, with an Agile Delivery Center in Clearwater, Florida. The company is known for its ability to create, modernize, integrate, and secure mission critical systems for federal government customers. Halfaker has a strong culture of service, rooted in the desire to make a difference in the lives of its community, veterans, and wounded warriors.\n\n“This acquisition reinforces SAIC’s commitment to supporting the government healthcare mission, including our 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,” said SAIC CEO Nazzic Keene. “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.”\n\n“I am excited to embark on this next chapter of Halfaker’s mission to continue to serve,” said Halfaker President and CEO Dawn Halfaker. “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. 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.”\n\nStrategic Alignment to Digital Transformation\n\nHalfaker brings advanced end-to-end digital solut...

More updates from Science Applications International Corporation