ICF Acquires ESAC
ICF (NASDAQ:ICFI) has acquired ESAC, a specialized provider of advanced health analytics and bioinformatics, enhancing its capabilities in federal health agencies. This acquisition aims to address the increasing complexity of health data and interoperability requirements in the U.S. federal health sector. With a strong cultural alignment, ICF plans to leverage ESAC's expertise in health IT and data standards to capture growth opportunities. The 40-person ESAC team has extensive experience since 2006, supporting research and healthcare quality improvements.
- Strengthened position in health analytics and bioinformatics markets.
- Enhanced capability to support federal agencies with complex health data.
- Cultural alignment between ICF and ESAC could facilitate smooth integration.
- None.
FAIRFAX, Va., Nov. 2, 2021 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and digital services provider, today announced it has acquired ESAC, also known as Enterprise Science and Computing, one of the leading specialized providers of advanced health analytics, research data management and bioinformatics solutions to U.S. federal health agencies.
Through strong partnerships with the Centers for Medicare and Medicaid Services, the National Institutes of Health, the Department of Veterans Affairs, the Food and Drug Administration and more, ESAC successfully enables interoperability across health IT systems, increases the availability and functionality of health data, and leads the implementation of new electronic clinical quality measurement standards for healthcare.
"ESAC is an excellent strategic and cultural fit for ICF," said John Wasson, chair and CEO of ICF. "Together, we will be uniquely positioned to combine deep domain expertise in health and social programs with advanced technology solutions to capture the substantial growth opportunities in our markets. But perhaps most important is our strong cultural alignment. ESAC takes an outcomes-based approach, fueled by specialized capabilities and an unwavering passion to positively impact the world; just like ICF."
The 40-person ESAC team has been meeting challenges in health IT interoperability, standards, data coordination centers, big data integration and visualization, bioinformatics tools, algorithm development and more since 2006. They provide clinicians, scientists, policy experts, regulators and researchers with the information they need to improve the quality and efficiency of healthcare and health research.
"Federal health agencies are under increased pressure to better address the surge in health data and data complexity, stronger mandates for standards adoption, the need for better information sharing and interoperability and more," said Anand Basu, president of ESAC. "Pairing ICF's longstanding health and social program services with our complex health technology solutions and applied understanding of genomics, proteomics and physical sciences will offer federal health agencies the interdisciplinary partners they need to improve health outcomes."
Read more about ICF and ESAC.
About ICF
ICF is a global consulting services company with approximately 7,500 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.
Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.
Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577
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SOURCE ICF
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