“TYSONS, Va.–(BUSINESS WIRE)–DXC Technology (NYSE: DXC) today announced that it has entered into a definitive agreement to sell its U.S. State and Local Health and Human Services (State & Local HHS) business to Veritas Capital, the leading investor in government and healthcare technology businesses, for $5.0 billion in cash. The sale is the initial outcome of a process announced by DXC in November 2019 to explore strategic alternatives for three of its non-core assets.”
“The transaction is expected to close no later than December 2020, subject to the satisfaction of customary closing conditions, including the…”
“… DXC Technology’s U.S. State and Local Health and Human Services business is an end-to-end provider of technology enabled, mission critical solutions that are fundamental to the administration and operations of health programs throughout the United States. Known for its reliable delivery of highly complex systems for public sector clients, the business facilitates performance efficiencies and improved outcomes for a wide range of stakeholders in the healthcare ecosystem…” Read the full press release here.
Source: DXC Technology to Sell U.S. State and Local Health and Human Services Business to Veritas Capital for $5.0 Billion, March 10, 2020. Business Wire.
