America Service Group (ASGR) Announces Contract for Prisoner Health Care Services with the State of Michigan

February 10, 2009 12:56 PM EST

America Service Group Inc. (NASDAQ: ASGR) announced that the Company's operating subsidiary, Prison Health Services, Inc, and the State of Michigan Department of Corrections have agreed to an initial three-year contract under which PHS will provide prisoner health care services to the approximately 49,000 prisoners under the care of the Department.

The initial three-year state-wide contract will commence services on April 1, 2009, and generate revenues of approximately $325.6 million. The contract received final approval today from the State Administrative Board.

Commenting on today's announcement, Rich Hallworth, president and chief executive officer of America Service Group and PHS, stated, "PHS is pleased to provide services to the State of Michigan's Department of Corrections. We will build on the experience developed in other states where we provide correctional healthcare to partner with the Michigan DOC to ensure quality health care to inmates in Michigan. Our PHS staff will work diligently with the Department to ensure a seamless transition."

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