Transactions
September 27 2011
QTC Acquired By Lockheed Martin
Company Description
QTC Management, Inc. (QTC) is the nation’s leading provider of outsourced occupational health and disability evaluation services to federal, state, and local government agencies. QTC’s comprehensive outsourced services platform includes a nationwide network of healthcare providers and Company-owned clinics as well as a robust suite of proprietary software, patents, and quality assurance protocols. Combined, these assets drive a highly efficient, end-to-end delivery model with unmatched levels of quality, timeliness, and customer service.
Over the past 30-years QTC has established a long and successful track record addressing the size, scope, and complexity of large outsourced government programs that serve the needs of our nation’s veterans, active duty military personnel, civilian government employees, and private citizens. Over its history the Company has evolved from its early work with the Social Security Administration to now conducting complex disability evaluations that serve as the critical gateway in determining financial and medical benefit eligibility for veterans and military personnel. Today, QTC is the market leader having delivered over one million disability evaluations for programs across the Department of Veterans Affairs (VA) and Department of Defense (DoD).
Objectives
QTC’s executive management team and private equity investor, Spectrum Equity, engaged TripleTree as its exclusive financial advisor to explore a variety of strategic possibilities. TripleTree was selected among a range of potential alternatives due to its long and successful track record advising high-growth healthcare IT and outsourced services businesses as well as its expertise in running a highly customized process. TripleTree’s ability to uniquely position QTC at the intersection of health care and government sectors and engage with a range of potential strategic and private equity buyers across both industries was a key priority and differentiator for QTC in their selection of a M&A advisor.
Results
TripleTree successfully led QTC through a customized process to assess market interest among a range of potential buyers. TripleTree leveraged its knowledge of the market and decade long relationships of the relevant acquirers from various disciplines to bring forth the uniqueness of QTC and growth potential. Lockheed Martin Corporation (NYSE: LMT) was selected as the best partner for QTC based on its ability to extend QTC’s assets into new healthcare IT and services verticals serving the U.S. government at various levels.
As a combined company, QTC and Lockheed bring together a shared mission of serving our nation’s veterans and active military personnel as well as a commitment to excellence in delivering market-leading technologies, information management capabilities, and services to federal, state, and local government agencies. The acquisition of QTC complements Lockheed Martin’s core capabilities and aligns with Lockheed Martin’s mission-driven focus of addressing and serving the needs of government agencies. QTC management team will join Lockheed Martin to drive integration and continue QTC's healthcare IT and service growth.
LEAD INVESTMENT BANKERS
Jason Grais
Seth Kneller
Scott Donahue
Company Description
QTC Management, Inc. (QTC) is the nation’s leading provider of outsourced occupational health and disability evaluation services to federal, state, and local government agencies. QTC’s comprehensive outsourced services platform includes a nationwide network of healthcare providers and Company-owned clinics as well as a robust suite of proprietary software, patents, and quality assurance protocols. Combined, these assets drive a highly efficient, end-to-end delivery model with unmatched levels of quality, timeliness, and customer service.
Over the past 30-years QTC has established a long and successful track record addressing the size, scope, and complexity of large outsourced government programs that serve the needs of our nation’s veterans, active duty military personnel, civilian government employees, and private citizens. Over its history the Company has evolved from its early work with the Social Security Administration to now conducting complex disability evaluations that serve as the critical gateway in determining financial and medical benefit eligibility for veterans and military personnel. Today, QTC is the market leader having delivered over one million disability evaluations for programs across the Department of Veterans Affairs (VA) and Department of Defense (DoD).
Objectives
QTC’s executive management team and private equity investor, Spectrum Equity, engaged TripleTree as its exclusive financial advisor to explore a variety of strategic possibilities. TripleTree was selected among a range of potential alternatives due to its long and successful track record advising high-growth healthcare IT and outsourced services businesses as well as its expertise in running a highly customized process. TripleTree’s ability to uniquely position QTC at the intersection of health care and government sectors and engage with a range of potential strategic and private equity buyers across both industries was a key priority and differentiator for QTC in their selection of a M&A advisor.
Results
TripleTree successfully led QTC through a customized process to assess market interest among a range of potential buyers. TripleTree leveraged its knowledge of the market and decade long relationships of the relevant acquirers from various disciplines to bring forth the uniqueness of QTC and growth potential. Lockheed Martin Corporation (NYSE: LMT) was selected as the best partner for QTC based on its ability to extend QTC’s assets into new healthcare IT and services verticals serving the U.S. government at various levels.
As a combined company, QTC and Lockheed bring together a shared mission of serving our nation’s veterans and active military personnel as well as a commitment to excellence in delivering market-leading technologies, information management capabilities, and services to federal, state, and local government agencies. The acquisition of QTC complements Lockheed Martin’s core capabilities and aligns with Lockheed Martin’s mission-driven focus of addressing and serving the needs of government agencies. QTC management team will join Lockheed Martin to drive integration and continue QTC's healthcare IT and service growth.
LEAD INVESTMENT BANKERS
Jason Grais
Seth Kneller
Scott Donahue
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