Colorado Springs-based defense contractor Polaris Alpha will be acquired May 31 by California-based engineering and construction giant Parsons in a deal designed to accelerate Polaris Alpha’s growth in cybersecurity, battlefield management, small satellites and other advanced technologies. The transaction will give Parsons nearly 800 employees in Colorado, including 350 Polaris Alpha employees in Colorado Springs and 100 in the Denver area, that will be merged into Parsons’ federal contracting unit during the next 12 to 18 months, said Carey Smith, who heads the unit.
The business will be consolidated predominately in the Healthcare Services segment. The transaction is subject to approval by the Romanian Competition Council. This transaction is the largest healthcare facility transaction in Romania since Mid Europa …
Romania’s Competition Council authorized the transaction through which Czech-Slovak investment fund Penta Investments took over A&D Pharma Holding, the biggest local pharmaceutical distribution and retail group. Penta Investments’ subsidiary Glebi Holding agreed to sell 18 drug stores under the Arta brand that it owns in Romania as part of the deal.
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