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 Montoni, Maximus CEO, told the publication that the company expects to generate more than $200 million in annual revenue from work to support the Affordable Care Act.

The company booked $347 million in awards through December, with $50 million in fresh contracts that are awaiting signature, according to the report.

Beerens writes earnings per share rose 55 percent to 48 cents and that Maximus projects total revenue of between $1.6 billion and $1.8 billion in fiscal 2014.

Maximus recorded $2.4 billion in sales opportunities both in the U.S. and abroad in December, Investor’s Business Daily reports.

GovCon Wire Logo

Receive the Daily News Briefing And Events Updates Straight to Your Inbox

Related Articles