DLH makes another big acquisition, this one bolstering their DoD Health Technology Capabilities

DLH Holdings Corp., “a leading provider of innovative healthcare research, services and solutions to the federal government, today announced that it has acquired privately-held Irving Burton Associates, LLC (“IBA”) of Falls Church, Virginia. The firm, with approximately 115 employees, provides research, systems development, and other technology-enabled solutions to the Defense Health Agency (“DHA”), the Telemedicine & Advanced Technology Research Center (“TATRC”) of the US Army’s Medical Research and Development Command (“USAMRDC”), and other agencies within the U.S. Department of Defense (“DoD”). IBA maintains a top-secret facility clearance, and its defense contracts provide for a range of health IT services including digital transformation, data analytics, cybersecurity, and artificial intelligence (“AI”).” 

“IBA was purchased for $32.0 million in cash, or $26.5 million net of transaction-related tax benefits worth approximately $5.5 million on a net present value basis. DLH estimates that IBA will contribute annualized revenue of approximately $25 million to the Company going forward, and the firm’s backlog was approximately $143 million at closing…” 

“… IBA complements our capabilities and enhances our readiness profile for military and other agency business through research, analytics, and advancing technologies,” said Zachary Parker, DLH President & CEO. “For several decades IBA has leveraged its expertise in program management, research and engineering, and health data analytics to expand its business in support of agencies in the Military Health System (MHS). We are confident that IBA will …” 

Read the full press release here.  

Source: DLH Acquires IBA to Bolster its DoD Health Technology Capabilities, October 1, 2020. DLH. 

G2X TAKE: Another year and another huge acquisition for this leading Healthcare and human services provider to the Federal Government, with the purchase of this small business adding significant past performance providing research, systems development, and other technology-enabled solutions to the Defense Health Agency (DHA) and the US Army Telemedicine & Advanced Technology Research Center (TATRC).  

IBA will be a wholly owned subsidiary of DLH Holdings Corp. and a part of DLH’s Mission Services & Solutions operating unit led by Helene Fisher.    

Take Bytes 

Included below is a snapshot of Prime obligations for IBA across the Federal sector since 2016. 

 

Federal contracting data provided to G2Xchange by Federal Compass; Date: October 2020

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