Government entity GovCIO set to acquire SoldierPoint Digital Health, aiming to boost VA's digital health services.
GovCIO to Acquire SoldierPoint Digital Health and Expand Telehealth Services for Veterans
GovCIO, a prominent technology provider for the Veterans Administration (VA), is set to deepen its role in veterans' healthcare with the acquisition of SoldierPoint Digital Health. The deal, pending regulatory approvals, will see SoldierPoint's nearly 300 employees and over $200 million in annual revenue join GovCIO [1][2].
SoldierPoint currently holds the $2 billion, seven-year Connected Care Integrated Network (CCIN) contract with the Department of Veterans Affairs. This contract empowers over 4 million veterans to access telehealth services, and GovCIO's acquisition will give them control of this significant contract [1].
The CCIN contract will enable GovCIO to expand its footprint from existing Veteran Benefits Administration and IT services to direct health services. Jim Brabston, CEO of GovCIO, expressed excitement about welcoming SoldierPoint to the company, while both he and Kristin Gill, president of GovCIO's VETS sector, expressed enthusiasm about enhancing healthcare for veterans through remote services [1][2].
Gill looks forward to working directly with Veterans and offering additional care solutions. The acquisition will also expand GovCIO's work with the Veterans Health Administration (VHA) [2].
Upon closing, GovCIO plans to leverage its VA experience and emerging AI technologies to enhance the CCIN contract. This move is expected to continue innovating and scaling SoldierPoint's digital health solutions, improving health outcomes by expanding availability and making care more convenient and effective [1][3].
The acquisition is also set to bolster GovCIO's workforce, adding SoldierPoint's employees to their current roster of over 3,300 employees [1][3]. GovCIO also plans to invest further in advancing telehealth technologies and digital health solutions for veterans under this contract, leveraging SoldierPoint’s experience and VA collaboration to enhance connected care offerings [3].
In summary, GovCIO’s acquisition of SoldierPoint Digital Health is a strategic move to expand and modernize telehealth services for veterans under the CCIN contract, promising broader access, innovative digital healthcare delivery, and improved veteran health outcomes through enhanced technology and scale [1][2][3]. The transaction is expected to close in the third quarter.
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The acquisition of SoldierPoint Digital Health by GovCIO will allow them to expand their involvement in veterans' healthcare, especially through enhanced telehealth services, utilizing their expertise in enterprise tech and existing technology. This move aims to optimize and scale SoldierPoint's digital health solutions, ultimately improving veterans' health outcomes with a more convenient and effective care delivery system.
