Acquisition of SystemsMadeSimple
Statement Regarding the Acquisition of Systems Made Simple · Lockheed MartinBETHESDA, Md., Dec. 2, 2014 - On Dec. 1, Lockheed Martin finalized the purchase of Systems Made Simple. This acquisition aligns with our business strategy by augmenting our existing government health IT capabilities and enabling us to deliver solutions to additional customers. We are thrilled to welcome approximately 430 new employees to the Lockheed Martin family.Lockheed Martin to buy health care technology company Systems Made Simple - The Washington Post
Lockheed Martin in late October announced the agreement to acquire Systems Made Simple, a leading provider of health information technology solutions to the U.S. federal government.
Systems Made Simple delivers technology and service solutions to improve, increase, enable and ensure the secure exchange and interoperability of information between patients, providers and payers. The company does significant work with the Department of Veterans Affairs (VA) in areas such as health data analytics, data center operation, health data management and health system interoperability. The company operates in the fastest growing part of the U.S. federal IT budget and was selected for the Transformation Twenty-One Total Technology (T4) contract that supports the VA’s IT modernization initiatives, a contract that Lockheed Martin is not currently involved
in.
The deal is Lockheed’s seventh acquisition of the year and marks another purchase in the health care technology market, which many defense contractors see as a lucrative investment area. McLean-based Booz Allen Hamilton also bought two health care companies recently.
Systems Made Simple is a private company based in Syracuse, N.Y., but also has employees in McLean and Charlottesville. Founded in 1991, the company performs health data analytics and management work for government agencies such as the Department of Veterans’ Affairs and the National Institutes of Health. The company will become a wholly-owned subsidiary of Lockheed Martin.
Lockheed Martin to buy health technology firm Systems Made Simple | Reuters
Lockheed CEO Marillyn Hewson said Systems Made Simple was "a natural extension of our health IT portfolio, and will enable us to deliver a broader portfolio of capabilities to
meet our healthcare customers' current and future needs."
Among other things, Systems Made Simple, based in Syracuse, New York, works
with the Department of Veterans Affairs in areas such as health data analytics, data center operation, health data management and health system interoperability.
News, Articles and Multi-Media about Systems Made Simple
Engaging patients: 5 things providers can learn from payers | Healthcare IT News
Andrew Underhill, Systems Made Simple
Andrew Underhill is a chief technologist at Systems Made Simple, a provider of IT systems and services to support critical architecture, data and application challenges in the healthcare industry.
Other Acquisitions:
Lockheed Martin Agrees To Acquire QTC Holdings Inc. · Lockheed MartinAcquisitions bolster moves by big contractors in health IT space -- Washington Technology
“Across the company, we will continue to acquire key assets that help us achieve new positions in emerging markets,” he added. “Today we are assessing candidate HCIT companies that offer new customer relationships and new capabilities that can expand the base of Evolvent platform.”
Lockheed Martin Co., the largest federal contractor and a 20-year veteran in the government health sector, is still enhancing its position in health care through strategic acquisitions. Last August, Lockheed Martin acquired QTC Holdings Inc., a major provider of medical evaluation services to the federal government and the Veterans Affairs Department.
Lockheed Martin officials described QTC’s IT-enabled case management services and health care expertise as “a perfect fit” with the company’s information systems and global solutions business.
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