Business Services Industry
MAXIMUS Notified of Tentative Award from the Texas Health and Human Services Commission
Business Wire, June 25, 2009
RESTON, Va. -- MAXIMUS (NYSE:MMS), a leading provider of government services, announced today that it has received notification of a tentative award from the Texas Health and Human Services Commission to provide services for the State’s Children’s Health Insurance Program and Eligibility Support, subject to final contract negotiations. MAXIMUS will disclose key contractual terms upon execution of the final contract.
The tentative award is expected to consolidate work MAXIMUS performed under two previous contracts: the Children’s Health Insurance Program and Eligibility Support Services. MAXIMUS currently provides services to support eligibility determination for the Children’s Health Insurance Program, Medicaid, Food Stamps, Temporary Assistance to Needy Families, and Medicaid for the Elderly and Persons with Disabilities. Under a separate existing contract that runs through August 2010, MAXIMUS will continue to provide enrollment broker services to the Texas Health and Human Services Commission.
MAXIMUS is a leading provider of government services and is devoted to providing health and human services program management and consulting services to its clients. The Company has more than 6,000 employees located in more than 220 offices in the United States, Canada, Australia, Israel and the United Kingdom. Additionally, MAXIMUS is included in the Russell 2000 Index and the S&P SmallCap 600 Index.
Statements that are not historical facts, including statements about the Company's confidence and strategies and the Company's expectations about revenues, results of operations, profitability, future contracts, market opportunities, market demand, or acceptance of the Company's products are forward-looking statements that involve risks and uncertainties. These uncertainties could cause the Company's actual results to differ materially from those indicated by such forward-looking statements and include reliance on government clients; risks associated with government contracting; risks involved in managing government projects; legislative changes and political developments; opposition from government unions; challenges resulting from growth; adverse publicity; and legal, economic, and other risks detailed in Exhibit 99.1 to the Company's most recent Quarterly Report filed with the Securities and Exchange Commission, found on www.maximus.com.
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