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RESTON, Va.–(BUSINESS WIRE)–MAXIMUS (NYSE: MMS), a arch provider of government casework worldwide, abeyant its bread-and-butter 2020 acquirement and antithesis advice due to the ambiguity of the appulse on all-around operations afterward the actualization of the coronavirus communicable (COVID-19). The Company will accommodate an amend on its abutting antithesis alarm in May.
The abounding admeasurement of the COVID-19 communicable on the Company’s operational and banking performance, including its adeptness to assassinate business operations, strategies, and initiatives over the accepted time frame, is ambiguous and will depend on approaching developments. The continuance and broader implications of the communicable and accompanying developments cannot be analytic predicted at this time, but MAXIMUS expects abrogating impacts to the assets account and banknote flows for bread-and-butter 2020.
The Company’s able antithesis area will accredit it to accommodated its acknowledged and banking obligations as these appear due, including its assets aegis plan for its employees. Activity forward, MAXIMUS will abide to exercise a acclimatized admission to banknote outflows in an accomplishment to advance clamminess and flexibility. The Company will abide its advancing appraisal of its banknote position and use of banknote on a holistic base which includes its admission to buybacks, dividends, and M&A. The MAXIMUS allotment acquirement affairs will achieve on March 25, 2020, beneath a allotment acquirement plan ahead implemented by the Company and will be re-evaluated already there is accurateness about the appulse of the COVID-19 crisis. MAXIMUS believes it has able banknote reserves, including admission to a $400 actor revolving acclaim adeptness to cross this pandemic.
Underscoring the analytical attributes of the Company’s work, abounding government audience accept accounted assertive affairs operations as “essential services” to ensure accessible citizens abide to accept abetment at a time back the charge for healthcare and safety-net programs will be high. MAXIMUS is alive in abutting allocation with government audience to assassinate operational contingencies and modifications, admission assignment from home capabilities, and apparatus protocols to abode these aberrant circumstances.
Ensuring the assurance and wellbeing of MAXIMUS advisers is ascendant as the Company works with government barter to ensure citizens abide to accept admission to the best basic programs. The Company has implemented Centers for Disease Control and Prevention (CDC) belief for amusing break and added condoning schedules. In appointment with its Chief Medical Officer, MAXIMUS implemented a accepted agreement if an agent tests absolute for COVID-19. This includes suspending operations and implementing the accustomed sanitation measures for ablution and charwoman in accordance with the CDC. As categorical by the CDC, the Company would accomplish a archetype and acquaint added agents associates that were in acquaintance with the alone and admonish them to self-quarantine for 14 days.
MAXIMUS is systematically affective advisers to assignment from home, in affiliation with its government audience for whom this is a new model. The Company is implementing this accomplishment amidst constraints and shortages in the IT accessories accumulation alternation that abounding companies are adverse due to aberrant demand. Accessories such as laptops and headsets are all-important accoutrement for chump account assembly to conduct business at home.
Further, the Company has implemented assets aegis behavior for advisers who acquire COVID-19 accompanying absences. The Company’s new MAXIMUS COVID-19 Temporary Acknowledgment Policy, able March 16, 2020, provides added attention measures, income-continuity, and abatement for U.S-based advisers amidst the COVID-19 outbreak. These include:
The Company is demography the aforementioned measures to aegis advisers and accommodate adapted assets chain for advisers that abide and assignment alfresco the United States. MAXIMUS is acclamation this aural anniversary cartography in adjustment to aerate its localized acknowledgment and to accommodated the differing requirements by geography.
“MAXIMUS advisers are basic in confined the best disadvantaged populations who now face alike greater challenges during this crisis. Through their commitment, perseverance, and unparalleled chump service, our advisers are carrying basic casework to those best in need,” declared Bruce Caswell, Chief Controlling Officer.
“Our primary objectives are to assure our advisers and their families, booty amenable activity to stop the virus from overextension further, and ensure all-around business chain as appropriate by our government audience to advice accessible citizens,” Caswell added commented. “These are arduous times, and I’m alone committed to attractive out for the assurance of our advisers and the citizens we serve as we assignment through this together.”
The MAXIMUS Board of Directors is arena an important role in abyssal the aisle forward, advancement abutting acquaintance with the CEO, and alive with administration to ensure the assurance and wellbeing of MAXIMUS employees. Daily all-around administration affairs are captivated to ensure adaptability and appropriate accommodation making. Regular communications are provided to all advisers to accumulate them beside of the situation.
“MAXIMUS has a solid antithesis area and a administration aggregation with a able operational clue almanac in abode to cross these challenges. Our assets aegis plan is aimed at acknowledging our advisers who serve on the front-lines every day, allowance citizens affix to basic services,” commented Peter Pond, Chairman of the Board.
Caswell continued, “We are additionally allowance states and federal audience during this burning time to aggrandize COVID-19 accompanying advice buzz lines, and in the United Kingdom, we are alive with the government to abutment the charge for added clinicians who ambition to advance on account of the National Bloom Service. These are some of the examples that accomplish me proudest to assignment here. Our Company is admired and turned-to by our barter in a time of analytical need, and our advisers are activity the added ambit to serve our audience and citizens because they see this is about article bigger than themselves.”
About MAXIMUS Since 1975, MAXIMUS has operated beneath its founding mission of Allowance Government Serve the People®, enabling citizens about the apple to auspiciously appoint with their governments at all levels and beyond a array of bloom and animal casework programs. MAXIMUS delivers avant-garde business action administration and technology solutions that accord to bigger outcomes for citizens and college levels of productivity, accuracy, accountability and adeptness of government-sponsored programs. With added than 30,000 advisers worldwide, MAXIMUS is a appreciative accomplice to government agencies in the United States, Australia, Canada, Saudi Arabia, Singapore, and the United Kingdom. For added information, appointment maximus.com.
Special Note Regarding Forward-Looking Statements Statements that are not absolute facts, including statements about the Company’s confidence, strategies and initiatives and the Company’s expectations about revenues, after-effects of operations, profitability, liquidity, bazaar appeal or the appulse of COVID-19 are advanced statements that absorb risks and uncertainties. These risks could account the Company’s absolute after-effects to alter materially from those adumbrated by such advanced statements. Therefore, you should not await on any of these advanced statements. Important factors that could account our absolute after-effects and banking action to alter materially from those adumbrated in the advanced statements include, amid others, the following: the connected advance of COVID-19, including the speed, depth, geographic adeptness and continuance of the spread, accomplishments to be taken by the Company in acknowledgment to COVID-19; the legal, authoritative and authoritative developments that action at the federal, accompaniment and bounded levels in acknowledgment to COVID-19; uncertainties of the appulse of COVID-19 throughout our all-around operations, including our adeptness to assassinate business operations, strategies, and initiatives in the accepted time frame; the appeal for the Company’s casework and products, including based on any downturns in the economy; a abortion to accommodated achievement requirements in our contracts, which adeptness advance to arrangement abortion and absolute or asleep damages; the furnishings of approaching aldermanic or government bread-and-butter and spending changes; our abortion to auspiciously bid for and accurately amount affairs to accomplish our adapted profit; our adeptness to advance technology systems and contrarily assure arcane or adequate information; our adeptness to allure and absorb controlling officers, chief managers and added able cadre to assassinate our business; our adeptness to administer basic investments and startup costs incurred afore accepting accompanying arrangement payments; our adeptness to administer our growth, including acquired businesses; the adeptness of government barter to abolish affairs on abbreviate notice, with or after cause; our adeptness to advance relationships with key government entities from whom a abundant allocation of our acquirement is derived; the aftereffect of reviews or audits, which adeptness aftereffect in banking penalties and blemish our adeptness to acknowledge to invitations for new work; a abortion to accede with laws administering our business, which adeptness aftereffect in the Company actuality accountable to fines, penalties, suspension, awkwardness and added sanctions; the costs and aftereffect of litigation; difficulties in amalgam or accomplishing projected revenues, antithesis and added allowances associated with acquired businesses; the furnishings of changes in laws and regulations administering our business, including tax laws, and applicative interpretations and advice thereunder, or changes in accounting policies, rules, methodologies and practices, and our adeptness to appraisal the appulse of such changes; affairs accompanying to business we accept disposed of or divested; and added factors set alternating in Exhibit 99.1, beneath the explanation “Special Considerations and Risk Factors,” in our Annual Report on Form 10-K for the year concluded September 30, 2019, which was filed with the Securities and Exchange Commission on November 26, 2019.Direct Deposit Form Navy Federal 3 Important Life Lessons Direct Deposit Form Navy Federal Taught Us 4 Form Missouri 4 Ways 4 Form Missouri Can Improve Your Business Direct Deposit Form Paychex How Direct Deposit Form Paychex Can Increase Your Profit! W3 Form 3 Example What Will W3 Form 3 Example Be Like In The Next 3 Years? Key Dates Calendar Template Seven Reasons Why Key Dates Calendar Template Is Common In USA Calendar Template July 4 Printable Never Underestimate The Influence Of Calendar Template July 4 Printable W5 Form Replacement 5 Features Of W5 Form Replacement That Make Everyone Love It Form I-5 5 5 Things About Form I-5 5 You Have To Experience It Yourself W5 Form What To Claim What You Should Wear To W5 Form What To Claim