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home / news releases / SAIC - Science Applications to acquire health IT company Halfaker for $250M

SAIC - Science Applications to acquire health IT company Halfaker for $250M

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
Science Applications International (SAIC) trades 4.6% higher after hours it announced to acquire federal health technology company Halfaker and Associates for $250M for bolstering its digital transformation portfolio.The company expects to fund the deal through cash on hand and incremental debt.Arlington, Va.-based Halfaker provides digital services to federal agencies such as the Department of Veterans Affairs and the Department of Defense, among others.The company expects the deal to strengthen its digital transformation portfolio in areas such as DevSecOps, digital engineering, automation and process improvement.SAIC expects the transaction to be accretive to its revenue growth rate, adj. EPS and free cash flow in FY22.The transaction is expected to close by the end of SAIC's FQ2, ending July 30, subject to closing conditions.Source: Press Release

For further details see:

Science Applications to acquire health IT company, Halfaker for $250M
Stock Information
Company Name: SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
Stock Symbol: SAIC
Market: NASDAQ
Website: saic.com
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