May 15 2012
Conmed Healthcare Management, Inc. (NYSE Amex: CONM),
a leading full service provider of correctional facility healthcare
services to county detention centers, today announced that it has signed
an agreement with Howard County, Maryland for an initial one-year term
with options for nine one-year extensions, which are at the County's
option effective July 1, 2012. This new contract, with an existing
customer, is expected to generate over $16 million in revenues for
Conmed throughout the terms of the contract, with the initial annual
rate of $1.6 million plus annual price increases based on the Consumer
Price Index. The contract provides a full suite of medical services
including medical, dental, mental health and administrative staffing;
pharmacy, laboratory and mobile X-ray services; management of
hospitalization and other out-of-facility services for the inmates, plus
installation of electronic medical records (EMR). The jail currently
houses approximately 320 inmates.
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"We are very pleased to announce this new agreement with Howard County,
a Conmed client since 2005," commented Dr. Richard Turner, Chairman and
Chief Executive Officer of Conmed. "This contract is another testament
of our remarkable client retention record and repeat business, which
reflects Conmed's continued commitment to bring quality care to
correctional facilities. It also exemplifies our strategy to cross-sell
new service offerings to existing clients. We look forward to
implementing EMR for Howard County and continuing our long-term
relationship with them, providing quality medical and healthcare
services to detainees."
Source:
Conmed Healthcare Management, Inc.