Lockheed Martin announced today that it has entered into a definitive agreement to acquire Systems Made Simple, a provider of health information technology solutions to the U.S. federal government.
The acquisition is expected to close within 30 days. The terms of the agreement were not disclosed and are not material to Lockheed Martin. Once the transaction is closed, the company will report through the Corporation's Information Systems & Global Solutions business area.
"Technology is rapidly transforming the healthcare landscape in the United States, and is critical to reducing costs and improving patient care," said Lockheed Martin Chairman, President and CEO Marillyn Hewson. "Systems Made Simple's capabilities in engineering health technology solutions are a natural extension of our existing health IT portfolio, and will enable us to deliver a broader portfolio of capabilities to meet our healthcare customers' current and future needs."
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.
"Lockheed Martin and Systems Made Simple share a common technology vision and a common commitment to our nation's veterans," said Al Nardslico, Systems Made Simple Chairman and President. "We are proud to bring our collective experience to deliver more robust healthcare solutions to the men and women who have served our great country.