Yahoo! Finance Search - Finance Home - Yahoo! - Help
AP

AP
Harris acquires Patriot Technologies
Monday November 16, 12:02 pm ET
Harris acquires privately held Patriot Technologies to grow presence in health care IT market

WASHINGTON (AP) -- Harris Corp., which makes radios and communication devices for military and commercial customers, said Monday it acquired privately held Patriot Technologies Inc. for an undisclosed amount.

Harris said the aim of the buyout is to increase its presence in the $3.4 billion federal government health care information technology market.

Patriot, which has about 100 employees, has provided services to the Department of Veterans Affairs including health care IT, imaging and enterprise software solutions. Patriot is based in King of Prussia, Pa.

The company will become part of Harris' Healthcare Solutions business unit, led by Jim Traficant, vice president.

Shares of Harris, based in Melbourne, Fla., rose 61 cents to $45.04 in midday trading.



Mail to Friend Email Story
Alerts Set News Alert
Printer
Version  Print Story