Announced
Completed
Financials
Tags
United States
Single Bidder
Private
Domestic
Acquisition
software company
digital health services
Majority
Digital Services
Friendly
Completed
Synopsis
ICF, a global consulting and digital services provider, completed the acquisition of SemanticBits, a company specializing in the design and development of digital health services, for $220m. "This latest acquisition is in keeping with our strategy to complement organic growth with acquisitions that strengthen ICF's position in key growth markets and provide meaningful revenue synergies over time. SemanticBits' advanced health IT and data science solutions accelerate and improve mission impact and health outcomes. As one of the industry's leading digital service and platform providers using open-source, SemanticBits scales our rapidly growing set of digital modernization capabilities and, together with our deep federal health expertise, will enable ICF to support larger, more complex projects across federal civilian agencies," John Wasson, ICF Chair and CEO.
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