Lockheed Martin Corp., Bethesda, Md., has entered into a definitive agreement to acquire the federal government's largest provider of medical evaluation services.
Lockheed Martin to buy QTC Holdings
Terms of the agreement between Lockheed and QTC Holdings, based in Diamond Bar, Calif., were not disclosed in today's news release from Lockheed.
QTC processed more than 450,000 medical evaluations for the federal government and the U.S. Veterans Affairs Department last year, according to the release.
"QTC's IT-enabled case management services and healthcare expertise complement our core capabilities in addressing the needs of the Department of Defense, VA and other government agencies," Lockheed Chairman and CEO Bob Stevens said in the news release.
Federal regulators must approve the sale.
HHS awarded Lockheed Martin a $5.3 million contract last year to support work developing the Nationwide Health Information Network. In April, the agency expanded the contract, asking Lockheed to study privacy consent controls for electronic health-record systems.
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