When state leaders brought in a new company to help repair their troubled health care exchange, they went to a company whose owner has a lot to gain from the sales of insurance plans under the Affordable Care Act.
Lockheed Martin formally opened a health care center in Baltimore County Wednesday, part of a bid to expand its role in the health care field. The company's health and life sciences division currently occupies six buildings and employs about 500 people in the Baltimore area.
As federal agencies pull back on spending, 7Delta's strategy is thinking big. The Columbia IT firm is going after larger contracts, a diversification tactic that other federal contractors at the smaller end of the scale are trying, too: Expansion in a time of retrenchment.
Human Genome ultimately rebuffed a $2.6 billion offer by biopharmaceutical giant GlaxoSmithKline Plc, saying it was too low – though it has put itself on the market. Catalyst agreed to be acquired by a larger Illinois competitor for $4.4 billion.