Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Halfaker & Associates, LLC (“Halfaker” or the “Company”) has agreed to be acquired by Science Applications International Corp. (“SAIC”) (NYSE: SAIC) for $250 million. The transaction is subject to various regulatory approvals and customary closing conditions.
Halfaker designs, develops, modernizes, integrates, and secures critical healthcare systems for federal government customers. Halfaker’s core focus is to improve healthcare delivery for all veterans and wounded warriors through the transformation and modernization of healthcare systems. Halfaker is headquartered in Arlington, Virginia, with an Agile Delivery Center in Clearwater, Florida.
SAIC’s acquisition of Halfaker provides SAIC with advanced end-to-end digital solutions that further transform and empower customer decision-making through modernization and optimization. The acquisition will expand SAIC’s health IT portfolio and accelerate the long-term strategy to grow its health business, provide access to strategic contract vehicles, and broaden its suite of digital transformation solutions to the health IT market.
SAIC is a premier Fortune 500® technology integrator driving the nation’s technology transformation. A robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence, and mission solutions. Leveraging expertise and understanding of existing and emerging technologies, SAIC integrates the best components from their portfolio and partner ecosystems to deliver innovative, effective, and efficient solutions that are critical to achieving customers' missions. With annual revenues of approximately $7.2 billion and more than 26,000 employees, SAIC is driven by mission, united by purpose, and inspired by opportunities. SAIC is headquartered in Reston, Virginia.
For additional information about this transaction, please contact: