Healtheon, Inc.

Healtheon, Inc., a minority-owned, Subchapter S corporation based in New Orleans, Louisiana, operates as a prime contractor delivering heavy civil construction, facility maintenance, repair, and specialized infrastructure work to federal agencies across defense, aerospace, and civilian sectors. Healtheon competes in both full-and-open and set-aside markets, with set-aside work (Total Small Business and HUBZone designations) concentrated in NASA and Army Corps of Engineers task orders, and unrestricted awards anchoring its largest vehicle positions.

The company holds a portfolio of $18.83 billion in combined potential value across 705 prime awards, with $842.1 million obligated to date. Recent activity spans construction, renovation, alteration, repair, and design-build services. Concrete examples include a $26.17 million Air Force delivery order for raw water line replacement at Tullahoma, Tennessee (awarded April 2026 under FARM II); a $22.98 million cooling tower replacement at Arnold Engineering Development Complex in Tullahoma (awarded November 2025 under FARM II); a $16.9 million HVAC replacement at the U.S. Coast Guard Academy in New London, Connecticut (awarded April 2026 under National Multiple Award Construction Contract III Pool 2); and a $25.6 million Building 31X ARES Annex construction at NASA Johnson Space Center (awarded March 2022 under Total Small Business set-aside).

Healtheon's customer concentration is dominated by defense and federal facilities agencies but diverges sharply between award count and dollar value. By award count, the top four customers account for 27% of awards: the Army Corps of Engineers Engineering District New Orleans (94 awards, $891.3 million); the Department of Justice Bureau of Prisons (54 awards combined, under $2.4 million); NASA Stennis Space Center (24 awards, $1.07 billion); and the Air Force Test Center (20 awards, $833.2 million). By potential value, the top five customers account for 86% of combined dollars: the U.S. Coast Guard (5 awards, $8.02 billion in vehicle ceilings); the Naval Sea Systems Command (6 awards, $3.96 billion); the Air Force Space Command (7 awards, $2.26 billion); NASA Stennis (24 awards, $1.07 billion); and the Army Corps of Engineers New Orleans (94 awards, $891.3 million). The Coast Guard and Naval Sea Systems positions reflect multi-award IDIQ holdings rather than granular task-order volume.

Healtheon holds six active prime IDIQs and participates on multiple parent vehicles. The major holdings include a $4 billion National Multiple Award Construction Contract III Pool 2 with the Coast Guard (set-aside Total Small Business, awarded August 2024, performance through August 2034); a $4 billion National Multiple Award Construction Contract III Pool 2 (duplicate ceiling, same Coast Guard vehicle); a $300 million Johnson Space Center IDIQ for general construction, alterations, and design-build (awarded May 2026, performance through May 2029); a $300 million Facilities Acquisitions for Restoration and Modernization II (FARM II) contract with the Air Force Test Center (set-aside None, awarded March 2022, performance through March 2027); a $200 million North Region Small Business MATOC with the Army Corps of Engineers Mobile District (set-aside Total Small Business, awarded July 2024, performance through July 2029); a $200 million South Region Small Business MATOC with the Army Corps of Engineers Mobile District (set-aside Total Small Business, awarded July 2022, performance through July 2027); and a $99 million Design-Bid-Build General Construction contract with Naval Facilities Engineering Command in Florida (set-aside HUBZone, awarded December 2022, performance through December 2027). Against these vehicles, Healtheon places work through delivery orders and task orders; the top vehicles by task-order count include an unnamed IDC (61 task orders, $122.7 million), a Department of Justice vehicle (60 task orders, $152 thousand), and others across Justice, Corps of Engineers, and Space Force vehicles.

Healtheon's award trajectory shows volatility in recent years: 23 awards in 2022, declining to 4 in 2023, then rising to 11 in 2024, 10 in 2025, and 7 in 2026 (through mid-June). Twenty-four awards (combined potential value $273 million) reach ultimate completion within the next twenty-four months, creating recompete exposure across FARM II, Corps of Engineers MATOC, NASA facility work, and Coast Guard construction vehicles. The company's NAICS concentration reflects its construction-dominant portfolio: 81 awards under Commercial and Institutional Building Construction, 46 under Industrial Building Construction, and 41 under Water and Sewer Line Construction. PSC coding similarly clusters around construction (51 awards for Construction of Miscellaneous Buildings) and infrastructure repair. A legacy portfolio segment—Diagnostic Imaging Centers (355 awards, $744 thousand combined value, primarily DOJ Bureau of Prisons awards)—represents historical healthcare or facility diagnostic work and does not reflect current active capability pursuit.

HEALTHEON is a leader in providing multi-disciplinary services to the federal government. Our areas of expertise include: Turnkey Mobile MRI, CT, PET/CT, Ultrasound Services; Facilities O&M;and Environmental& Civil Construction/Debris Management Services.