GovCIO Acquires Veterans Affairs Telehealth Provider from H.I.G. Capital-Backed Iron Bow
Summary
Government contractor GovCIO has bought SoldierPoint Digital Health from Iron Bow Technologies, a company backed by private equity firm H.I.G. Capital. The deal moves SoldierPoint’s 300 staff into GovCIO and transfers a $2 billion, seven-year Connected Care Integrated Network contract that supports telehealth delivery to millions of veterans. Terms were not disclosed. Iron Bow says it will use proceeds to refocus on core IT consulting and implementation work.
Content Summary
Under H.I.G.’s ownership SoldierPoint shifted from supplying telehealth hardware to providing digital health applications and care-innovation services — a transformation that reportedly more than doubled the division’s earnings. GovCIO will fold SoldierPoint into its Veterans and Enterprise Technology Solutions division, applying AI tools and low-code platforms to enhance VA service delivery. Advisors on the transaction included Jefferies and McDermott Will & Schulte.
Key Points
- GovCIO acquired SoldierPoint Digital Health from Iron Bow (H.I.G. Capital-backed).
- The purchase brings roughly 300 employees and a $2bn, seven-year Connected Care Integrated Network contract serving millions of veterans.
- SoldierPoint transformed from hardware supplier to digital-health and telemedicine services under H.I.G., with division earnings growth >100%.
- Iron Bow will refocus on core IT consulting and implementation services after the sale.
- GovCIO plans to integrate SoldierPoint into its VA-focused business unit and apply AI and low-code platforms to existing contracts.
- Deal terms were not disclosed; transaction advisers included Jefferies (financial) and McDermott Will & Schulte (legal).
Context and Relevance
This is a material move in the govtech and federal-healthcare landscape: it strengthens GovCIO’s footprint inside the Department of Veterans Affairs and illustrates the ongoing private equity playbook of transforming and exiting government-facing digital-health assets. For suppliers, integrators and VA stakeholders, the deal signals consolidation around firms that can deliver at scale on telehealth and remote-care programmes.
Author note (Punchy)
This one matters. GovCIO just bought access to a large-scale VA telehealth engine and a team that’s already shifted to cloud-native, application-centric care. If you track federal healthcare contracts or work in veterans’ digital services, read the detail — it hints at where investment and capability are concentrating.
Why should I read this?
Short and simple: if you care about govtech, federal healthcare or telehealth scale — this is where the action is. The acquisition widens GovCIO’s VA reach, shows private equity reshaping digital-health suppliers, and suggests more AI and low-code approaches will be pushed into big federal care contracts. We’ve cut the fluff so you can see the strategic picture fast.