Georgia Extends Childcare Contract with MAXIMUS
RESTON, Va.--(BUSINESS WIRE)--
MAXIMUS (NYSE:MMS), a leading provider of health and human services program management solutions, has been awarded a one-year extension of its Georgia Childcare and Parent Services (GA CAPS) contract by the State Department of Human Resources (DHR). The contract extension is valued at $4.1 million. MAXIMUS has been providing these services for more than seven years.
For the GA CAPS project, MAXIMUS provides child care provider management and payment services for an average of 4,800 providers each month in the State's 159 counties. The Company performs outreach to the providers, manages a call center, provides compliance, verification, and documentation support, compiles data for Federal reporting, and processes and issues payments to childcare providers in Georgia. In the 2008-2009 contract year, MAXIMUS will process more than $180 million in payments. This past January marked a milestone achievement for GA CAPS when the project crossed the billion dollar threshold in childcare payments made since the project's inception in 2000.
MAXIMUS CEO, Richard Montoni, said, "Throughout our longstanding partnership with DHR, we have been committed to helping achieve the important goals of improving service delivery, providing more efficient and cost effective processes and services, and reducing payment errors. We appreciate the confidence that Georgia continues to place in us to achieve these shared goals."
MAXIMUS is one of America's leading government services companies devoted to providing program management, consulting and information technology services. The Company has more than 6,000 employees located in more than 220 offices in the United States, Canada and Australia. In 1999, 2001, 2002, 2003, and 2005 MAXIMUS was selected by Forbes Magazine as one of the Best 200 Small Companies in America for that year. Additionally, MAXIMUS is included in the Russell 2000 Index and the S&P SmallCap 600 Index.
Statements that are not historical facts, including statements about the Company's confidence and strategies and the Company's expectations about revenues, results of operations, profitability, future contracts, market opportunities, market demand or acceptance of the Company's products are forward-looking statements that involve risks and uncertainties. These uncertainties could cause the Company's actual results to differ materially from those indicated by such forward-looking statements and include reliance on government clients; risks associated with government contracting; risks involved in managing government projects; legislative changes and political developments; opposition from government unions; challenges resulting from growth; adverse publicity; and legal, economic, and other risks detailed in Exhibit 99.1 to the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (file number 001-12997).
Source: MAXIMUS
Released May 27, 2008