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Jenner & Block recently represented General Dynamics Corporation in its entry into a definitive agreement to acquire Vangent Holding Corp., in a cash transaction valued at approximately $960 million. The acquisition is expected to close by the beginning of October 2011. Vangent Holding Corp. is the parent company of Vangent, Inc., a leading provider of healthcare information technology and business systems to federal agencies, including the U.S. Departments of Health and Human Services, Education, Labor, State and Defense.
The Arlington, Virginia based Vangent will become part of General Dynamics Information Technology, which has been providing healthcare information-technology (IT) systems and solutions to federal, commercial and military customers for nearly 30 years.
“Vangent is a well-regarded, fast-growing company that will add significant depth and breadth to General Dynamics’ healthcare IT organization, creating a Tier 1-level healthcare IT business unit with the scope and scale to compete in markets that are receiving high priority in current funding and entitlement-reform initiatives,” said Jay L. Johnson, chairman and chief executive officer of General Dynamics in a press release issued by the company on August 16, 2011.
The multi-disciplinary Firm team on this matter was led by Partners Joseph P. Gromacki and Michael T. Wolf and included Partners David W. DeBruin, Donald S. Horvath, S. Tony Ling, Steven R. Meier, Adam Petravicius, Matthew J. Renaud and Marc A. Van Allen; Associates Kristen M. Boike, Penelope P. Campbell, Roxana A. Davis, Alexandra E. Dowling, Donald E. Goff, Derek A. Higginbotham, Mercedes M. Hill, Eugene R. Hsia, Adam R. Kreis, Joshua Rafsky, Peter H. Rosenbaum, David P. Saunders, Damien C. Specht and Anna Barreiro Sutti; and Staff Attorney Matthew J. Weiss.
For more details of the transaction, please click here to view the General Dynamics press release.