DXC Technology (NYSE: DXC) announced Tuesday that it has entered into a definitive agreement to sell its U.S. State and Local Health and Human Services (State & Local HHS) business to Veritas Capital, the leading investor in government and healthcare technology businesses, for $5.0 billion in cash. The sale is the initial outcome of a process announced by DXC in November 2019 to explore strategic alternatives for three of its non-core assets. The sale represents a transaction value of approximately 3.5 times trailing twelve-month sales of $1.4 billion, reflecting the strength of DXC’s market-leading state health business. DXC Technology’s U.S. State and Local Health and Human Services business is an end-to-end provider of technology enabled, mission critical solutions that are fundamental to the administration and operations of health programs throughout the United States.
Read the full article: DXC Technology to Sell U.S. State and Local Health and Human Services Business to Veritas Capital for $5.0B //
Source: https://www.businesswire.com/news/home/20200310005938/en/DXC-Technology-Sell-U.S.-State-Local-Health