Government entity GovCIO planning to acquire SoldierPoint Digital Health with aim of expanding digital health services for Veterans Affairs
In a significant move, GovCIO has announced its intention to acquire SoldierPoint Digital Health from Iron Bow Technologies. This acquisition is set to expand GovCIO's work with the Veterans Health Administration (VHA) and strengthen its commitment to supporting veterans.
GovCIO, currently boasting over 3,300 employees and generating $1 billion in revenue, will welcome SoldierPoint's nearly 300 employees and over $200 million in annual revenue upon the closing of the transaction, which is expected to occur in the third quarter, pending regulatory approvals.
SoldierPoint holds the $2 billion, seven-year Connected Care Integrated Network (CCIN) contract with the Department of Veterans Affairs. This contract enables over 4 million veterans to access telehealth services. GovCIO sees this acquisition as an opportunity to leverage its VA experience and emerging AI technologies to enhance the CCIN contract.
Jim Brabston, CEO of GovCIO, expressed his excitement about the acquisition, stating, "We are thrilled to welcome SoldierPoint Digital Health into the GovCIO family. This acquisition will allow us to work directly with veterans and provide top-of-the-line healthcare remotely."
Kristin Gill, president of GovCIO's VETS sector, echoed Brabston's sentiments, looking forward to working with SoldierPoint's team to offer additional care solutions for veterans.
The acquisition of SoldierPoint is not just about business growth for GovCIO, but also about enhancing care solutions for veterans. However, at the time of writing, there are no publicly available search results detailing specific planned enhancements for the CCIN contract following GovCIO’s acquisition of SoldierPoint Digital Health.
For detailed information on planned enhancements post-acquisition, one may need to consult official press releases from GovCIO or SoldierPoint Digital Health, government procurement updates, or industry-specific news sources for announcements not captured in these search results.
In conclusion, the acquisition of SoldierPoint Digital Health is expected to further expand GovCIO's mission in supporting veterans and their healthcare needs. As more information about the planned enhancements becomes available, we will keep you updated.
- GovCIO, with this acquisition, aims to leverage SoldierPoint's technology and the $2 billion, seven-year Connected Care Integrated Network (CCIN) contract, to integrate emerging AI technologies and enhance telehealth services for over 4 million veterans.
- By welcoming SoldierPoint Digital Health into its enterprise, GovCIO is not only expanding its business but also aiming to use technology to improve healthcare services for veterans, particularly through the CCIN contract.
