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| MAXIMUS divests corrections services business |
| By Yahoo Finance |
| Published: 10/06/2006 |
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RESTON, VA - MAXIMUS (NYSE:MMS), a leading provider of government services announced today that is has sold its Corrections Services business to Providence Service Corporation (Nasdaq:PRSC). Under terms of the agreement, Providence will acquire the business for $3.0 million in cash, plus the assumption of certain liabilities. Richard Montoni, Chief Executive Officer, stated, "This is in-line with our long-term strategy of divesting certain businesses that no longer complement our growth plan. Read more. If link has expired, check the website of the article's original news source. |
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