Maximus Announces Divestiture in Outside the U.S. Segment
06 Novembro 2023 - 6:05PM
Business Wire
Maximus (NYSE: MMS), a leading provider of government services
worldwide, announced today it completed the divestiture of
employment services operations in Italy, Singapore, and Canada. The
purchaser, Angus Knight, is a global provider of employment,
community, and education services.
With the transaction, over 250 employees are joining Angus
Knight to enable a seamless transition of operations for the
respective government customers.
“This transaction represents an important step in our ongoing
optimization of the Outside the U.S. portfolio to deliver
consistent profitability and improve alignment with the broader
Maximus strategy,” said Bruce Caswell, President and Chief
Executive Officer. “We are pleased to continue our valued
relationship with Angus Knight in completing this transaction,
knowing they offer an excellent home for our former
colleagues.”
The combined annual revenue run-rate for the three entities
under Maximus was approximately $30 million.
About Maximus As a leading strategic partner to
governments across the globe, Maximus helps improve the delivery of
public services amid complex technology, health, economic,
environmental, and social challenges. With a deep understanding of
program service delivery, acute insights that achieve operational
excellence, and an extensive awareness of the needs of the people
being served, our employees advance the critical missions of our
partners. Maximus delivers innovative business process management,
impactful consulting services, and technology solutions that
provide improved outcomes for the public and higher levels of
productivity and efficiency of government-sponsored programs. For
more information, visit maximus.com.
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Investor Relations James Francis Jessica Batt
IR@maximus.com Media & Public Relations Eileen Rivera
media@maximus.com
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