Richard Montoni: Maximus Targets $200M in Annual Revenue From Affordable Care Act Work

Richard Montoni
Richard Montoni Maximus Inc. (NYSE: MMS) booked $1.3 billion in revenue in fiscal year 2013 as the company worked to help individuals apply for health plan through the federal government’s ObamaCare program, Investor’s Business Daily reported Thursday. Marie Beerens writes 65 percent of that revenue came from the health services business and 35 percent accounted for human services earnings. Richard...

Richard Montoni: Health Services Work Drives ‘Better Than Expected’ 1Q for MAXIMUS

Richard Montoni
Richard Montoni Reston, Va.-based government services contractor MAXIMUS (NYSE: MMS) has announced financial results for the first quarter of its 2014 fiscal year, ended Dec. 31, 2013. The company reported 42-percent higher revenue from the prior year period, or 44 percent on a constant currency basis, going from $286.3 million to $406.6 million. MAXIMUS also raised its fiscal 2014 projections to between...

David Walker to Retire as MAXIMUS CFO; Richard Montoni Comments

Maximus
David Walker, chief financial officer at MAXIMUS (NYSE: MMS) for seven years, plans to retire from his CFO and treasurer roles upon the appointment of his successor. Executive recruitment firm Korn Ferry has been hired to search for Walker’s successor and he will move into a part-time position supporting CEO Richard Montoni by December 2014, MAXIMUS said Monday. The Washington Business Journal...

MAXIMUS Wins $848M to Run Federal Student Aid Contact Center; Richard Montoni, Tom Romeo Comment

Maximus
Richard Montoni A subsidiary of MAXIMUS (NYSE: MMS) has won a potential 10-year, three-month $848.4 million contract to help operate a customer contact center and other facilities for the Education Department‘s Federal Student Aid office. MAXIMUS Federal Services will start work on Sept. 30 under the contract, which contains a two-year and three month base period and eight one-year options,...

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...

Maximus Declares 9 Cent Dividend

The board of directors at Maximus (NYSE: MMS) has declared a quarterly cash dividend of 9 cents per share, the company announced Wednesday. Shareholders of record as of Nov. 15, 2012 will receive the payment Nov. 30. In August, the company announced it recorded a 12 percent jump in revenue year-over-year for its fiscal year 2012 second quarter, going from $238.3 million to $266.4 million. Health services...

Maximus Reports 12% Revenue Jump for 3Q; Richard Montoni Comments

Richard Montoni Maximus (NYSE: MMS) has announced financial results for the third quarter of its 2012 fiscal year ended June 30, 2012. The company reported a 12 percent year-over-year increase in revenue, going from $238.3 million to $266.4 million. CEO Richard Montoni said the company has sales pipeline of $3.4 billion and is waiting for awards on close to $1.7 billion in proposals. Maximus also gained...

Maximus to Buy Denver-Based Policy Studies for $67M Cash

Richard Montoni, Maximus Maximus has agreed to acquire Denver-based government health and human services provider Policy Studies for $67 million cash, the company announced Thursday. The Reston, Va.-based firm said it expects the transaction to close on April 30 and to slightly increase its earnings per share for the rest of fiscal year 2012. The company expects a greater increase to earnings in fiscal...

MAXIMUS FY2011 Contract Wins Up 134%, Revenue 12%

MAXIMUS (NYSE: MMS) has released its financial results for its fourth quarter and fiscal year ended Sept. 30, 2011. The company reported $1.6 billion in year-to-date signed contract wins for fiscal 2011, compared to $685 million for fiscal 2010, a 134 percent increase. The company reported $250.1 million in revenue for the fourth quarter, an 18 percent increase from the same period in the previous...

MAXIMUS to Present at Healthcare Conference

MAXIMUS (NYSE: MMS) President and Chief Executive Officer Richard Montoni and Bruce Caswell, president and general manager of MAXIMUS Health Services will present at the Bank of America Merrill Lynch Health Care Conference in Las Vegas, Nev. The executives will deliver the MAXIMUS presentation at the Encore at Wynn Las Vegas at 9:50 a.m. PT, May 12, 2011. A live webcast of the presentation,...

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