HLTH Corp., a provider of health information services, said Tuesday that it agreed to sell its ViPS segment to General Dynamics Information Technology, Inc., a wholly-owned subsidiary of General Dynamics Corporation (NYSE:GD) for $225 million in cash.
The ViPS segment provides healthcare data management, analytics, decision-support and process automation solutions and related information technology services to governmental, Blue Cross Blue Shield and commercial healthcare payers, HLTH said in a statement.
The company said the closing is subject to customary closing conditions, including the expiration of termination of the waiting period under the Hart-Scott-Rodino Act.
Shares of HLTH rose 0.08 percent to $12.01. General Dynamics Corp. declined 1.64 percent to $89.83.