Reston, Va.-based Leidos, a defense, aviation, IT, and biomedical research company, announced that it is set to acquire Pennsylvania-based IMX Medical Management Services, a commercial independent review organization, and its affiliated businesses.
IMX provides independent medical evaluations, medical record reviews and medical and vocational case management for insurance carriers, employers, law firms, third party administrators and state and local government, a press release states.
The pair have entered into a definitive agreement and once the deal closes, Leidos said IMX will operate under one of its subsidiary companies, QTC Management, a company that provides independent medical examinations and medical record reviews for federal customers. Leidos acquired QTC in 2016 and since 2000, Leidos reported that QTC has provided more than 8 million physical examinations and diagnostic tests.
“Leidos has a 35-year history of providing technology-driven exam solutions through our wholly-owned company, QTC,” Jon Scholl, Leidos Health Group president, said in a statement. “The IMX transaction directly supports our mission to make the world safer, healthier and more efficient.”
The transaction is expected to close sometime this quarter. IMX will bring its nearly 200-member staff under QTC’s wing, where it will use QTC’s examination workflow tech to better manage medical cases.
“We are excited to have reached agreement with this highly regarded organization that shares our commitment to delivering the highest quality medical, disability, and related services,” Grant Kim, QTC president, said in a press release.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!