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  • Thursday, April 25, 2024

Xerox Wins $500M to Manage Medicaid Claims for NY’s Capital


XeroxLogoXerox Corp. (NYSE: XRX) has been awarded a $500 million contract to manage Albany’s Medicaid claims as the city moves to centralize its healthcare system, Times Union reported Wednesday.

Rick Karlin writes the Norwalk, Conn.-based company will set up an office in the area where previous contractor Computer Sciences Corp. (NYSE: CSC) operated.

It remains unclear whether Xerox would retain nearly 800 jobs in the capital region, according to the report.

The five-year contract is pending approval from the state comptroller, attorney general and the federal government, Times Union reports.

Rick Karlin writes New York is spending $52 billion on the Medicaid program.

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