ManTech International Corporation (NASDAQ:MANT) today completed the acquisition of Evolvent Technologies, Inc. of Herndon, Va., a focused healthcare-systems integrator with particular strength in federal healthcare systems.
“We are proud to become part of a company like ManTech, which has such a strong record and trusted name in IT. We look forward to being part of an assertive ManTech effort to deliver health IT services to a broader government and private market.”
Evolvent provides services in clinical IT, clinical business intelligence, imaging cyber security, behavioral health, tele-health, software development, and systems integration. Its systems and processes enable better decision-making at the point of care and full integration of medical information across different platforms.
ManTech expects the acquisition to contribute solid growth and operating margins and be accretive to its earnings per share in 2012. The acquisition will enable ManTech to deliver information technology solutions through Evolvent's existing relationships with DoD Health organizations, the Veterans Administration and the Department of Health and Human Services. Evolvent will become part of ManTech's Systems Engineering & Advanced Technology (SEAT) group.
"It is a pleasure to welcome a quality company like Evolvent into the ManTech family and increase our presence in the growing healthcare market," said ManTech Chairman and CEO George J. Pedersen. "Evolvent has an exceptional leadership team and a strong record of innovation and customer care. Most importantly, the people of Evolvent understand the healthcare system from the patient-provider relationship through the integration of data and images and the management of records. They are a great match for ManTech's proven capabilities in enterprise IT and systems integration."
Evolvent Chairman and CEO Bill Oldham added, "We are proud to become part of a company like ManTech, which has such a strong record and trusted name in IT. We look forward to being part of an assertive ManTech effort to deliver health IT services to a broader government and private market."
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