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Stock impact report

Maximus Completes Divestiture of Australia and South Korea in Outside the U.S. Segment

Maximus, Inc. (MMS) 
Last maximus, inc. earnings: 2/6 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.maximus.com
Company Research Source: Business Wire
TYSONS, Va.--(BUSINESS WIRE)--Maximus (NYSE: MMS), a leading provider of government services, announced today it completed the divestiture of all operations in Australia and South Korea, which were reported under the Outside the U.S. segment. The purchaser, Angus Knight, is a global provider of employment, education and training, health and wellbeing, and community services with operations in seven countries.Primarily based around employment services, Maximus has operated in Australia since 2002 and in South Korea since 2020. With the transaction, over 1,200 employees are joining Angus Knight to enable a seamless transition of operations for the respective government customers. This sale follows prior divestitures of Maximus’ employment services operations in Sweden, Italy, Singapore, and Canada.“This transaction has been a management priority and we appreciate the immense effort by all stakeholders involved, including Angus Knight, who has proven to be an excellent partner as the Show less Read more
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