Conmed signs new contract with Howard County

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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.     \

"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.

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