M&A: CMS SPARC and CIO-SP3 SB Prime, Edaptive Systems, acquired by ManTech
Posted (Last updated )
“HERNDON, Va., Dec. 19, 2016 (GLOBE NEWSWIRE) -- ManTech International Corporation (Nasdaq:MANT) has acquired Edaptive Systems LLC, a leading provider of innovative IT solutions primarily to federal health agencies, with a significant focus on the Centers for Medicare & Medicaid Services (CMS). ManTech funded the acquisition from cash on hand. The acquisition will be slightly accretive to 2017 financial results.
Headquartered in Owings Mills, MD, and founded in 1999, Edaptive has built strong, long-standing relationships with its customers throughout Health and Human Services. Edaptive provides agile software development, testing and automation, business intelligence, data abstraction and IT services.
The acquisition improves ManTech’s position to pursue opportunities throughout the federal health community. The acquisition brings over 250 highly skilled employees. Edaptive Systems becomes a part of ManTech’s Mission Solutions & Services Group, led by Daniel J. Keefe…” Read More Here
G2X TAKE: Previously listed in FedHealthIT magazine as a top M&A target based on their broad Federal Health IT footprint and deep experience and set of contracts at CMS, this large Federal Health IT firm continues to make big moves to position for growth.
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