Maximus Inc.
| Public | |
| Traded as | : MMS S&P 400 Component |
| Industry |
Healthcare, Business Services Government contractor |
| Founded | 1975 |
| Headquarters | Reston, Virginia |
|
Key people
|
Rick Nadeau (CFO) |
| Revenue |
 US$1.70 billion (FY2014) |
|
Number of employees
|
13,000 |
| Website | www |
Maximus Inc., trademarked as MAXIMUS, is an American, for-profit, privatizing company that provides business process services to government health and human services agencies in the United States, Australia, Canada, Saudi Arabia and the United Kingdom. MAXIMUS focuses on administering government-sponsored programs, such as Medicaid, the Children's Health Insurance Program (CHIP), health care reform, welfare-to-work, Medicare, child support enforcement, and other government programs. The company is based in Reston, Virginia, has 13,000 employees and a reported annual revenue of $1.7 billion in fiscal year 2014.
MAXIMUS was founded by David V. Mastran, a former employee of the U.S. Department of Health, Education, and Welfare. He started MAXIMUS to bring value-added services, analytical business thinking, and disciplined management approaches to government admninistered Health and Human Services programs nationwide. The company went public on June 13, 1997. In that same year, MAXIMUS was selected by the State of California to help administer its Medicaid managed care program.
In 2004, David Mastran retired and Lynn Davenport became Chief Executive Officer. Davenport was terminated in April 2006 for violating the company's code of conduct. Richard Montoni, former Chief Financial Officer for MAXIMUS, was named CEO on April 24, 2006. Montoni has been credited with improving the company's performance and was named one of Tech's Top Turnaround Artists by Bloomberg. In 2007, the company announced it was exploring strategic alternatives, including sale, but ultimately chose to divest several business lines and focus its business in health and human services business process management.
On April 30 of 2008, the organization sold its Security Solutions division. On September 30, 2008, the Company sold its Justice Solutions, Education Systems, and Asset Solutions divisions. The Company also completed the sale of its ERP division in 2010.
In 2010, MAXIMUS acquired DeltaWare, a developer of health administration management systems for the Canadian government health care market. In 2012, MAXIMUS acquired Denver-based Policy Studies Incorporated (PSI) for $67 million. In 2013, MAXIMUS acquired UK-based Health Management Ltd.(HML). On April 6, 2015 MAXIMUS completed the $300 million acquisition of Falls Church-based technology contractor, Acentia. The deal significantly adds to the Company’s federal business by bringing on new customers and new contract vehicles.
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