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.

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