Hello, Guest!
  • Friday, April 19, 2024

Maximus Buys UK-Based Healthcare Provider; Richard Montoni Comments

Richard Montoni
Richard Montoni

Maximus (NYSE: MMS) has acquired U.K.-based healthcare provider Health Management Ltd. in a move aimed at expanding Maximus’ medical management services portfolio.

The transaction closed on July 1 and is expected to add nearly $11 million to Maximus’ revenue in the next three months,  Maximus said Monday.

Richard Montoni, Maximus CEO, said the company aims to grow its healthcare services portfolio and seek new opportunities in the UK market.

Health Management will contribute about $55 million to Maximus’ revenue for fiscal year 2014, Maximus says.

Maximus also has raised its fiscal year 2013 revenue guidance by $10 million to between $1.26 billion and $1.31 billion.

Deloitte LLP advised Health Management Ltd. on the transaction.

Video of the Day

Related Articles

Army Begins Market Research for ACCESS Acquisition Effort Contract Awards

Army Begins Market Research for ACCESS Acquisition Effort

The U.S. Army has started soliciting information from stakeholders to help inform its acquisition approach for the planned Army Contracting Command Enterprise for Sourcing Services procurement program, also known as ACCESS. ACCESS will be the successor to the multiple-award Responsive Strategic Sourcing for Services indefinite-delivery/indefinite-quantity contract, according to a request for information published Wednesday. The

Head of DHS Procurement Paul Courtney Receives 2024 Wash100 Award From Jim Garrettson News

Head of DHS Procurement Paul Courtney Receives 2024 Wash100 Award From Jim Garrettson

Paul Courtney, chief procurement officer for the Department of Homeland Security, accepted his 2024 Wash100 Award from the award’s founder, Executive Mosaic CEO Jim Garrettson, in a recent in-person meeting. The Wash100 Award is bestowed on the 100 individuals EM’s discerning voting body determines are the foremost change-makers in government contracting and the federal sector. Candidates are evaluated

Appian VP Jason Adolf on AI & Automation’s ‘Profound Impact’ on Government Efficiency, Effectiveness Artificial Intelligence

Appian VP Jason Adolf on AI & Automation’s ‘Profound Impact’ on Government Efficiency, Effectiveness

For the past 20-plus years, Jason Adolf has helped government agencies identify and implement technologies that help them modernize for the present and the future. As vice president for global public sector at Appian, he works closely with defense and civilian agencies as well as state and local government and education institutions to help them