TripleTree Advises QTC Holdings, Inc in Sale to Lockheed Martin Corporation
September 19, 2011
Minneapolis, MN: September 2011 –QTC Holdings, Inc, the nation’s leading provider of outsourced occupational health and disability evaluation services to federal, state, and local government agencies, recently announced its acquisition by Lockheed Martin Corporation [NYSE: LMT], a global security company principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
QTC provides a comprehensive platform that addresses the multi-billion dollar market for outsourced medical evaluations to federal and state government agencies with a focus on serving veterans and active duty service members. With more than 600 experienced clinical, operational, and corporate associates and 53 company-owned and government-based facilities across the nation, QTC has been distinguished by technical innovations, proprietary processes and a world-class staff, together rendering high quality, timely and cost effective services.
TripleTree worked with QTC management team and investor, Spectrum Equity, to determine the optimal path for continued growth; ultimately selecting to partner with Lockheed Martin in a strategic sale.
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.
TripleTree is an independent investment bank focused on mergers and acquisitions, financial restructuring and principal investing services. For over a decade, the firm has worked with high-growth, innovative technology-enabled businesses in healthcare and other industries. This represents TripleTree’s 20th transaction in the healthcare IT and services space since 2009, representing over $4 billion in enterprise value.