FAIRFAX, Va., July 22 /PRNewswire-FirstCall/ -- General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), today completed its previously announced purchase of ViPS, Inc., from HLTH Corporation (Nasdaq: HLTH). The transaction was valued at approximately $225 million.

Headquartered in Towson, Md., ViPS is a leading provider of high-end healthcare technology solutions, including data management, analytics, decision support, and process automation that support both U.S. federal government agencies and commercial healthcare organizations. ViPS is a key provider in supporting the Centers for Medicare and Medicaid Services (CMS) and private health insurance payers' efforts to reduce healthcare costs and claims fraud, increase customer satisfaction and improve patient outcomes. The company has extensive credentials in application development and integration, including information assurance and security.

"We are pleased to announce the completion of this transaction," said Dan Johnson, president of General Dynamics Information Technology. "ViPS will help us build upon General Dynamics Information Technology's capabilities and expand our customer base with U.S. government health agencies and the growing health information technology market."

As a trusted systems integrator for more than 50 years, General Dynamics Information Technology provides information technology (IT) and professional services to customers in the defense, intelligence, homeland security, federal civilian government, and commercial sectors. With 15,000 professionals worldwide, the company manages large-scale, mission-critical IT programs delivering IT services and enterprise solutions. More information about General Dynamics Information Technology is available at www.gdit.com.

General Dynamics, headquartered in Falls Church, Va., employs approximately 84,000 people worldwide and reported 2007 revenues of $27.2 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available online at www.generaldynamics.com.

Certain statements made in this press release, including any statements as to future results of operations and financial projections, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are based on management's expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. Additional information regarding these factors is contained in the companies' filings with the Securities and Exchange Commission, including, without limitation, their Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

All forward-looking statements speak only as of the date they were made. The companies do not undertake any obligation to update or publicly release any revisions to any forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

SOURCE General Dynamics Information Technology