Skip to content Skip to navigation

SAIC to Spin-Off into Two Companies

August 30, 2012
by Gabriel Perna
| Reprints

Science Applications International Corporation (SAIC), a McLean, Va.-based IT firm that specializes in healthcare and other solutions and services (Ranked 18 in the 2012 HCI 100) has announced it is splitting into two separate publicly-traded companies, both independent of each other. The spin-off, expected to occur in the latter half of next fiscal year, will lead to a technical services business and solutions-focused business.

The technical services business, SAIC estimates, will have revenue of $4 billion for the fiscal year ending Jan. 31, 2013, and focus on systems engineering and technical assistance, financial analysis and program office support. The solutions-focused business, estimated at $7 billion for the fiscal year ending Jan. 31, 2013, will work on science and technology solutions for national security, engineering and health.

SAIC, a noted government contractor, has made its investments in the health IT well-known. Recently, the company acquired maxIT Healthcare, a consulting firm, in a deal for an undisclosed amount. In 2011, it made other health IT-based acquisitions.



CMS Hospital Compare Website Updated with VA Data

The Centers for Medicare & Medicaid Services (CMS) has announced the inclusion of Veterans Administration (VA) hospital performance data as part of the federal agency’s Hospital Compare website.

CMS Awards Funding to Special Innovation Projects

The Centers for Medicare & Medicaid Services (CMS) has awarded 20, two-year Special Innovation Projects (SIPs) aimed at local efforts to deliver better care at lower cost.

Center of Excellence in Genomic Science to be Established in Chicago

The National Human Genome Research Institute has awarded $10.6 million over five years for the establishment of a new research center in Chicago to advance genomic science.

EHNAC and HITRUST Combine HIPAA Security Criteria, CSF Framework

The Electronic Healthcare Network Accreditation Commission (EHNAC) and the Health Information Trust Alliance (HITRUST) announced plans to streamline their accreditation and certification programs.

Halamka on MACRA Final Rule: “CMS is Listening and I Thank Them”

Health IT notable expert John Halamka, M.D., CIO of Beth Israel Deaconess Medical Center in Boston, recently weighed in on the Medicare Access and CHIP Reauthorization Act (MACRA) final rule.

Texas Patient Care Clinic Hit with Ransomware Attack

Grand Prairie, Texas-based Rainbow Children's Clinic was the victim of a ransomware attack on its IT systems in August, affecting more than 33,000 patients, according to multiple news media reports this week.