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What drove Maximus toward its largest-ever acquisition -- Washington Technology


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. ....

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Maximus Inc (MMS) Q1 2021 Earnings Call Transcript


Greetings, and welcome to the Maximus Fiscal 2021 First Quarter Conference Call. [Operator Instructions]
It is now my pleasure to introduce your host, Lisa Miles, Senior Vice President of Investor Relations for Maximus. Thank you. Ms. Miles, you may begin.
Lisa Miles
Senior Vice President, Investor Relations And Corporate Communications
Good morning, and thank you for joining us today. With me is Bruce Caswell, President and Chief Executive Officer; and Rick Nadeau, Chief Financial Officer. I d like to remind everyone that a number of statements being made today will be forward-looking in nature. Please remember that such statements are only predictions. Actual events and results may differ materially as a result of the risks we face, including those discussed in Item 1A of our annual report on Form 10-K. We encourage you to review the information contained in our earnings release today and our most recent forms 10-Q and 10-K filed with the SEC. ....

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