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Two New Contract Wins For Conmed Healthcare Management, Inc. (CONM)

|Includes: Conmed Healthcare Management Inc (CONM)

Conmed Healthcare Management is in the healthcare services industry for correctional facilities. The company has been in the business since 1984, beginning in Maryland, and it currently serves county and municipal correctional facilities in ten states. These states include Arizona, Kansas, Kentucky, Maryland, New Jersey, Oregon, Tennessee, Texas, Virginia, and Washington.

The company announced today that it has entered into full-service agreements with Newport News, Virginia, and Josephine County, Oregon, to provide correctional healthcare services for the Newport News Juvenile Detention Center and the Josephine County Jail respectively effective July 1, 2012. Conmed already serves the adult prison facility in Newport News and four other county jails in Oregon.

For the Newport News Juvenile facility (with an average population of 50), Conmed will provide healthcare services, including physicians, round-the-clock nurses, administrative staff, laboratory services, mobile x-ray, pharmacy services, and management of out-of-facility services. The contract is expected to generate for the company revenues of approximately $400,000 during the initial one-year term and has the option for additional one-year renewals.

For the Josephine County Jail (with an average inmate population of 60), the company will provide healthcare services that include seven days a week and 12 hours a day nursing coverage, mobile x-ray, laboratory services, pharmacy services, medical supplies, and management of out-of-facility services. The contract is expected to generate for Conmed revenues of approximately $300,000 during the initial 12-month term and has the option for similar one-year renewals.

The company chairman and CEO Richard Turner stated, "These contract wins exemplify our strategy to leverage our local presence for geographic expansion."

For further information about Conmed Healthcare Management and its business, please visit the company's website at conmedinc.com

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