Covington Assists Veritas Capital with $5 Billion Acquisition of DXC’s Health and Human Services Business

Mar 11, 2020

March 10, 2020

Posted by Covington and Burling LLP

WASHINGTONCovington is assisting Veritas Capital with its acquisition of DXC Technology’s U.S. State and Local Health and Human Services business in a deal valued at $5 billion. The transaction is expected to close no later than December 2020, subject to the satisfaction of customary closing conditions.

DXC Technology’s U.S. State and Local Health and Human Services business is an end-to-end provider of technology enabled, mission critical solutions that are fundamental to the administration and operations of health programs throughout the United States. The business facilitates performance efficiencies and improved outcomes for a wide range of stakeholders in the healthcare ecosystem.

Veritas is a leading private investment firm that invests in companies that provide critical products and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide, including those operating in the healthcare, aerospace & defense, software, national security, communications, energy, government services and education industries.

Covington advised Veritas on various regulatory aspects of the deal, including government contracts, data privacy, and cybersecurity. The team included Scott FrelingAlex HastingsAndrew GuyBrooke StanleySarah Shepson, and Darby Rourick (government contracts); Libbie CanterAnna KrausRebecca YerginFrank Broomell, and Tara Carrier (data privacy and cybersecurity); Zack ParksKevin Glandon, and Matt Shapanka (political law); and Chris Bracebridge (employment).

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