SALINA, N.Y. — Lockheed Martin Corp. (NYSE: LMT) announced it has agreed to acquire Salina–based Systems Made Simple, a firm that provides health-information technology products to the federal government.
Bethesda, Md.–based Lockheed Martin, which has a plant in Salina employing about 1,600 people, didn’t disclose any financial terms of the acquisition agreement in its news release distributed on Thursday.
Systems Made Simple, which is headquartered at 149 Northern Concourse in Salina, says it is a privately held company with more than 500 employees in McLean and Charlottesville, Va.; Salt Lake City, Utah,; Tampa, Fla.; and Austin, Texas.
(Sponsored)
New Sexual Harassment Policy and Training Requirements. Does Your Policy Comply?
New York State requires all employers to provide annual sexual harassment prevention training and a harassment policy to its employees. This requirement applies to all employees, including hourly and salaried,
The New Rule for Independent Contractors – Are You Ready?
Effective March 11, 2024, the US Department of Labor will change the analysis it uses to determine whether an individual is an employee or independent contractor under the Fair Labor
Lockheed Martin expects the acquisition, which is subject to customary closing conditions, to close within 30 days.
Once the transaction closes, Systems Made Simple will be part of Lockheed’s information systems & global solutions business area. Lockheed’s current Salina plant is in its mission systems & trainingdivision.
Lockheed Martin believes the acquisition will broaden its capabilities across the spectrum of health [information-technology (IT)] operations, including development of sophisticated IT architecture for complex organizations to delivering custom applications designed to increase patient access and improve the overall patient experience.
It will also expand Lockheed Martin’s relationship with the U.S. Department of Veterans Affairs, for which it provides IT-enabled disability case-management services for veterans.
Technology is “rapidly transforming” the health care landscape in the U.S. and is “critical” to reducing costs and improving patient care, Marillyn Hewson, chairman, president, and CEO of Lockheed Martin, said in the news release.
“Systems Made Simple’s capabilities in engineering health-technology solutions are a natural extension of our existing health IT portfolio, and will enable us to deliver a broader portfolio of capabilities to meet our healthcare customers’ current and future needs,” said Hewson.
Systems Made Simple delivers technology and service products to improve, increase, enable and ensure the secure exchange and interoperability of information between patients, providers, and payers, according to the Lockheed Martin news release.
Lockheed Martin and Systems Made Simple share a “common technology vision” and a “common commitment” to the nation’s veterans, Al Nardslico, chairman and president of Systems Made Simple, said in release.
Contact Reinhardt at ereinhardt@cnybj.com
