Gainwell Technologies LLC
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Gainwell Technologies LLC - overview
Established
2020
Location
Virginia Gardens, FL, US
Primary Industry
Outsourcing
About
Founded in 2020 and based in the US, Gainwell Technologies (formerly DXC Technology’s U. S. State and Local Health and Human Services Business) operates as a provider of IT solutions for US health programs. In March 2020, Veritas Capital agreed to acquire DXC Technology’s U.
S. State and Local Health and Human Services Business from DXC Technology Company for USD 5 billion in cash. The division was renamed Gainwell Technologies as a result of the transaction. As of February 2022, the company is led by its CEO Mark Knickrehm.
The services provided by the company include medicaid management solutions, healthcare portals, human services, and public health services. The company also provides technology services including analytics, applications, business process services, and cloud services.
Current Investors
Veritas Capital
Primary Industry
Outsourcing
Sub Industries
Consulting Services, Offshore IT Services/IT Outsourcing
Website
www.gainwelltechnologies.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Gainwell Technologies LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Health Management Systems, Inc. | - | ||||||||
| Buyout | Completed | Gainwell Technologies LLC | - |
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