SAIC Completes Acquisition of maxIT Healthcare

MCLEAN, Va., Aug. 13, 2012 /PRNewswire/ -- Science Applications International Corporation (SAIC) [NYSE: SAI] today announced it has completed the acquisition of maxIT Healthcare Holdings, Inc., a leading healthcare IT (Information Technology) consulting firm based in Westfield, Ind.

maxIT Healthcare, the largest private independent healthcare IT consulting company in North America, provides a comprehensive range of healthcare IT services and solutions primarily to commercial hospital groups and other medical delivery organizations. These include IT strategy and planning, electronic health record (EHR) implementation and optimization, and management consulting across a broad range of activities such as accountable care transformation.

Approximately 1,300 employees from maxIT Healthcare have joined SAIC's Health Solutions Business Unit (HSBU), led by Steve Comber. HSBU is a part of the Health, Energy and Civil Solutions Group, led by SAIC Group President Joe Craver.

"maxIT Healthcare's exceptional reputation and expertise within commercial hospitals and ambulatory clinics, combined with SAIC's Vitalize Consulting Solutions (VCS) team, brings together some of the best consultants in the commercial healthcare industry, and we welcome them to our team," said Craver.  "This combination creates the nation's largest commercial consulting practice in EHR implementation and optimization and helps us better serve healthcare providers as they work to reduce healthcare costs, use data effectively, and improve patient care."

The acquisition strengthens SAIC's capabilities to provide EHR implementation and integration services to its strong base of Federal healthcare customers as they move toward the use of commercial off the shelf (COTS) EHR applications. It also enables SAIC to leverage its expertise in systems integration, health sciences and advanced data analytics to assist providers as they begin to personalize and deliver value-based healthcare.

About SAIC
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health.  The Company's approximately 40,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets.  Headquartered in McLean, Va., SAIC had annual revenues of approximately $10.6 billion for its fiscal year ended January 31, 2012.  For more information, visit http://www.saic.com/.  SAIC: From Science to Solutions®

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties.  A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements.  Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2012, and other such filings that SAIC makes with the SEC from time to time.  Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

SOURCE SAIC

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