What drove Maximus toward its largest-ever acquisition
Not even two months after unveiling a $430 million acquisition, Maximus is back with another announcement and this time a $1.4 billion transaction to build on its business process outsourcing prowess.
This latest deal is for Veterans Evaluation Services Inc., a privately-held company that provides medical disability examinations for the Veterans Affairs Department. The examinations determine veterans’ eligibility for compensation and pension benefits.
Both companies expect the deal to close next month.
The acquisition fits Maximus’ long term strategy to continue to build its BPO capabilities. In this case, VES brings clinical capabilities that are expected to be in demand because of shifting demographics and policy priorities, Maximus CEO Bruce Caswell said in a call with investors Wednesday.
Medicaid administrator Maximus buys Attain LLC for $430M Shawna De La Rosa | Mar 1, 2021
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Medicaid enrollment administrator Maximus, based in Reston, Va., announced the acquisition of the Federal division of McLean-based Attain LLC for $430 million today. The privately owned Attain services the federal government and features artificial intelligence and machine learning. Attain Federal fits into Maximus’ long-term strategy of digital transformation and expansion in the federal market.
For Maximus, the acquisition will further its efforts to offer services that include technology solutions for government, Bruce Caswell, Maximus president and CEO, said in a statement.
“Our M&A strategy remains keenly focused on enabling us to build long-term, sustainable, organic growth by continuing to build scale, enhance our clinical and digital capabilities, and extend into new areas. We believe this is an optimal path to enhancing long-term shareholder value.