Iron Bow Technologies (Iron Bow), a leading provider of innovative IT solutions to government, commercial, education, and healthcare markets, today announced the sale of its affiliate, SoldierPoint Digital Health, LLC (SoldierPoint) to GovCIO, a trusted provider of IT and digital solutions across the federal landscape.
SoldierPoint, a spinout of Iron Bow, is exclusively focused on digital health solutions supporting the Department of Veterans Affairs (VA). In collaboration with VA, SoldierPoint has transformed a telehealth program launched in 2010 into one of the world’s most effective and successful digital health programs. VA serves an enrolled Veteran population of over 9 million constituents, of which more than 2.7 million leverage the solutions developed and enabled by SoldierPoint. GovCIO, who already has a significant presence in VA, will enable SoldierPoint to further invest in next-generation solutions in support of advancing Veteran health.
The transaction also allows Iron Bow to concentrate on its core technology solutions business, where it is recognized as an industry leader. Iron Bow designs and implements mission-critical IT modernization, cybersecurity, AI, and cloud solutions through innovative consumption models.
“This transaction underscores our commitment to aligning mission-driven outcomes,” said Rene LaVigne, President and CEO of Iron Bow. “GovCIO, with over 3,000 employees and a highly admired partner of VA, is uniquely positioned to support SoldierPoint’s future growth within VA and other public and commercial healthcare sectors. The divestiture positions Iron Bow to accelerate its efforts in its core business at a time when markets are in transition. In essence, we’re both sharpening our focus to deliver even greater value to our customers and the marketplace.”
Alex Mujica, Vice President of SoldierPoint, added, “GovCIO provides an ideal environment for SoldierPoint to thrive. Our customers will benefit from enhanced capabilities and alignment with a recognized VA leader, and our employees will gain new opportunities for growth, all while continuing to serve the mission they know so well.”
All SoldierPoint employees will join GovCIO as part of the transaction, with the current leadership team remaining in place to ensure continuity, ongoing support for existing customer programs, and lead anticipated growth. The transaction is expected to close in the third quarter, pending customary regulatory approvals.
Jefferies LLC served as exclusive financial advisor to Iron Bow and SoldierPoint in connection with the transaction.
