Veritas Capital to acquire State & Local HHS from DXC Technology for $5bn.

Private equity firm Veritas Capital is set to acquire government and healthcare technology service provider US State & Local Health Services business from DXC Technology, an end-to-end IT services and solutions company, for $5bn. The transaction is expected to close no later than December 2020, subject to the satisfaction of customary closing conditions, including the receipt of certain third-party consents and regulatory approvals. The sale is not subject to any financing condition or shareholder approval. “DXC’s US State and Local Health and Human Services business is a leading player in a highly complex market that continues to benefit from technological innovation. By combining the business’ talented employees with our extensive industry experience, we plan to build on the business’ unwavering commitment to its customers and leadership in mission-critical healthcare technology to drive continued improvement in the quality of healthcare for citizens nationwide. We look forward to welcoming the business and its employees into the Veritas portfolio," Ramzi Musallam, Veritas Capital CEO and Managing Partner.