Executive Summary
This digest covers a single VA Healthcare & Services award totaling $111,738,034, with zero defense-related records and the entire amount sitting in civilian Department of Veterans Affairs spending. The dominant theme is VA clinical evaluation services, as the lone award to Veterans Evaluation Services, Inc.
(Houston, TX) is a firm fixed-price delivery order for Medical Disability Examinations in Region 3 (Midwest) under NAICS 621111 and PSC Q403. The highest-conviction read is that the award was nearly fully utilized, with $111,194,546 outlayed against the $111,738,034 obligation, indicating real delivery rather than a paper award. The key watch item is that the contract ran only one year (2021-10-01 to 2022-09-30) with no options evident, so investment value depends entirely on whether a follow-on or re-award is solicited, and investability cannot be confirmed because the data does not show whether the company is publicly traded. Signal strength is neutral at 4.0/10 across this single record.
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Tracking the trend? Catch up on the prior VA Healthcare & Services Contracts digest from October 11, 2026.
Investment Signals (3)
- Veterans Evaluation Services, Inc. $111.7M VA Region 3 MDE delivery order nearly fully outlayed (MEDIUM)▲
The $111,738,034 firm fixed-price delivery order from the Department of Veterans Affairs had $111,194,546 outlayed by the data snapshot, indicating near-complete execution of the 2021-10-01 to 2022-09-30 performance period. Full outlay demonstrates delivery credibility, which is relevant if a follow-on Region 3 MDE solicitation emerges.
- No option or extension value evident beyond 2022-09-30 for Veterans Evaluation Services, Inc. (HIGH)▲
The award lists no options beyond its end date, so the $111.7M represents a fixed one-year revenue stream rather than a multi-year franchise. Revenue continuity depends entirely on a new competitive award, which the data does not show as scheduled.
- Small Business and Veteran Owned status did not create a reserved-market advantage on the $111.7M award (MEDIUM)▲
Despite the small business and veteran-owned classification, the award was made under full and open competition with Set-Aside: None, meaning the firm won against unrestricted competitors rather than in a protected market. This is a competitive win but offers no set-aside moat for future recompetes.
Risk Flags (3)
- Execution [MEDIUM RISK]▼
Pricing risk is rated medium on a firm fixed-price delivery order, meaning cost overruns fall on Veterans Evaluation Services, Inc. rather than the VA. Combined with near-complete outlay, margin performance on the $111.7M award is not visible in this data.
- Concentration [MEDIUM RISK]▼
Single-award, single-recipient, single-agency dataset means revenue concentration risk cannot be assessed across a portfolio; the firm's exposure to VA Region 3 MDE work appears to be one delivery order in this sample.
- Regulatory [HIGH RISK]▼
Investability is unconfirmed: the data lists the company as its own parent and does not establish public trading status, so this award may not be investable through public equities at all.
Opportunities (1)
- ◆
Re-award or follow-on of VA Region 3 Medical Disability Examination services, where Veterans Evaluation Services, Inc. has demonstrated $111.2M in outlaid delivery on a $111.7M obligation.
Sector Themes (1)
- ◆
The Department of Veterans Affairs is buying Medical Disability Examinations as a discrete, competitively awarded service, as shown by the $111,738,034 full-and-open firm fixed-price delivery order under NAICS 621111 and PSC Q403. The award's near-complete outlay indicates sustained VA demand for outsourced clinical evaluation capacity.
Watch List (1)
- 👁
{"entity" => "Veterans Evaluation Services, Inc.", "reason" => "Sole award in this dataset at $111,738,034 with $111,194,546 outlayed, but a one-year term with no evident options and unconfirmed public-market status.", "trigger" => "VA Region 3 MDE follow-on solicitation or re-award following the 2022-09-30 end date, and confirmation of ownership structure"}
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