MAXIMUS (MMS) Completes Acentia Deal
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MAXIMUS Completes Acentia Combination and Expands U.S. Federal Services Business
April 6, 2015 6:30 AM EDTRESTON, Va.--(BUSINESS WIRE)-- MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, announced today that on April 1, 2015, it completed the acquisition of Acentia, a provider of systems modernization, software development, program management, and other information technology services and solutions to U.S. federal government civilian and health agencies. The acquisition expands the Companys U.S. federal services business through additional contract vehicles and access to federal government agencies that are core to the MAXIMUS business model.
The all-cash transaction is valued at approximately $300 million. MAXIMUS funded the acquisition... More
