SAIC to Spin-Off into Two Companies | Healthcare Informatics Magazine | Health IT | Information Technology 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.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More



KLAS Research: Small Hospitals’ Buying Decisions Impacting EMR Market Share

A new KLAS Research report tracks shifts in electronic medical record (EMR) vendor market share among acute care hospitals, and finds that smaller hospitals are seeking technology solutions that meet their needs and limited budgets, and these contracts are making a mark on the EMR market.

Survey: Majority of Providers Predict Success for New Generic Drug Company, Project Rx

Back in January, four health systems, in consultation with the VA, announced a collaboration to develop a new, not-for-profit generic drug company. A survey has found that 90 percent of providers say they would become customers of the new venture.

Personalized Medicine Awareness Low Among U.S. Adults, Survey Finds

Genetics and personalized medicine are not top of mind for the general public in the U.S., according to a recent survey from GenomeWeb and the Personalized Medicine Coalition.

Industry Organizations Praise Senate Passage of VA Mission Act

The U.S. Senate on Wednesday passed, by a vote of 92-5, a major Veterans Affairs (VA) reform bill that includes health IT-related provisions to improve health data exchange between VA healthcare providers and community care providers.

NIH Issues Funding Announcement for All of Us Genomic Research Program

The National Institutes of Health’s (NIH) “All of Us” Research Program has issued a funding announcement for genome centers to generate genotype and whole genome sequence data from participants’ biosamples.

MGMA: Physician Compensation Data Illustrates Nationwide PCP Shortage

Primary care physicians’ compensation rose by more than 10 percent over the past five years, representing an increase which is nearly double that of specialty physicians’ compensation over the same period, according to the Medical Group Management Association (MGMA).