UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
______________


FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report:  July 25, 2014
Date of earliest event reported:  July 25, 2014
______________



MAXIMUS, INC.
(Exact name of registrant as specified in its charter)

Virginia

1-12997

54-1000588

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

1891 Metro Center Drive,
Reston, Virginia

20190-5207

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code:  (703) 251-8500

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 8.01

Other Events.

On July 25, 2014, Health Management Limited, a wholly-owned subsidiary of MAXIMUS in the United Kingdom, signed a contract to operate the new Health and Work Service program on behalf of the United Kingdom’s Department for Work and Pensions (DWP). The 63-month contract will begin on August 1, 2014 and will run through October 31, 2019. Based on estimated volumes, the Company expects a total contract value of up to approximately £133 million ($226 million USD).  Due to the ramp-up and transaction-based nature of the program, MAXIMUS expects the contract will contribute approximately $10 million in revenue with start-up losses in its fiscal 2015.  The contract is expected to be profitable in the Company’s fiscal year 2016.  MAXIMUS plans to issue formal guidance for fiscal 2015 when the Company reports its fourth quarter and year-end financial results in November 2014.

On July 25, 2014, the Company issued a press release regarding this contract award.  A copy of that press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01

Financial Statements and Exhibits.

 
(d) Exhibits. The following exhibit is being furnished pursuant to Item 8.01 above.

Exhibit No. Description
 
99.1 Press release dated July 25, 2014


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MAXIMUS, Inc.

 

 
Date: July 25, 2014 By:

 

/s/ David R. Francis

David R. Francis

General Counsel and Secretary


EXHIBIT INDEX


Exhibit No.

Description

 
99.1

Press release dated July 25, 2014

 

 


Exhibit 99.1

MAXIMUS Awarded New Health and Work Service Program for the United Kingdom’s Department for Work and Pensions

RESTON, Va.--(BUSINESS WIRE)--July 25, 2014--MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, announced today that its wholly owned subsidiary, Health Management Limited, will operate the new Health and Work Service (HWS) program on behalf of the United Kingdom’s Department for Work and Pensions (DWP). The 63-month contract will begin on August 1, 2014 and will run through October 31, 2019.

The goal of the HWS program is to help employees manage their medical conditions more effectively by providing timely access to clinical services for non-emergency care and get them on a path to return to work. Under the program, Health Management clinicians will offer medical assessments and return-to-work plans for employees who have been absent from work for four consecutive weeks due to illness. Clinicians will conduct consultations to identify the factors preventing an employee from returning to work and then recommend a return-to-work plan.

The service will launch on a phased basis beginning with the North of England, Midlands and Wales by late 2014, then nationally by May 2015. While these services are available to all employees, given the qualifying length of absence, most referrals will likely come from general practitioners, as well as employers who do not have existing occupational health programs.

“The Health and Work Service program is a natural opportunity to demonstrate Health Management’s expertise as the UK’s largest occupational health care provider and an important step in our long-term goal of expanding in this important market,” commented Richard A. Montoni, Chief Executive Officer of MAXIMUS. “While we expect an initial start-up loss due to the nature of the contract, the overall program economics are strong and once ramped, the contract is in-line with our targeted range of portfolio performance. This is a great example of the opportunities that we have to continue our growth and generate long-term shareholder value, while at the same time delivering our clients the outcomes that matter to their programs. We remain firmly committed to delivering the highest level of service to the Department for Work and Pensions as well as the individuals served by the HWS program.”

About MAXIMUS

MAXIMUS is a leading operator of government health and human services programs in the United States, United Kingdom, Canada, Australia and Saudi Arabia. The Company delivers business process services to improve the cost effectiveness, efficiency and quality of government-sponsored benefit programs, such as Medicaid, Medicare, Children's Health Insurance Program (CHIP), Health Insurance BC (British Columbia), as well as welfare-to-work and child support programs around the globe. The Company's primary customer base includes federal, provincial, state, county and municipal governments. Operating under its founding mission of Helping Government Serve the People®, MAXIMUS has approximately 11,000 employees worldwide. For more information, visit www.maximus.com.

About Health Management

Health Management, a MAXIMUS Company, is the UK’s largest independent occupational health provider, currently serving approximately 450 large public and private sector clients, who together employ approximately two million individuals. Health Management's health assessment services include health questionnaires, sickness absence referrals, pension appeals and on-site health services. Health Management employs the largest team of consultant occupational health physicians, who lead an established clinical team operating across more than 45 Health Management clinics and at more than 80 client sites throughout the UK. Health Management also manages a network of 200 occupational health and other specialist practitioners. Health Management is accredited to ISO 9001, ISO 27001 and SEQOHS, and has been ranked by the Sunday Times as one of the top 100 Best Companies to Work for in the UK. Learn more at www.healthmanltd.com.

CONTACT:
MAXIMUS
Lisa Miles, 703-251-8637
lisamiles@maximus.com