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Conmed Healthcare Inks $16 Million Washington Contract

January 15, 2010 (FinancialWire) — Conmed Healthcare Management, Inc. (AMEX: CONM), a Maryland provider of correctional facility healthcare services to county detention centers, said it has signed an agreement with Clark County, Washington, a new customer, to provide medical services for individuals detained at three county facilities. The contract is for an initial two-year term and Clark County has the option to exercise four one-year extensions. The initial annual revenue of the contract is around $2.5 million.

Conmed said that, with anticipated price increases the contract is projected to generate around $16 million throughout the full six-year term.

Services include staffing, pharmacy services, laboratory services, mental health services, and emergency room services.

Conmed has provided correctional healthcare services since 1984, beginning in Maryland, and currently serves county and municipal correctional facilities in thirty-six counties in seven states, including Arizona, Kansas, Maryland, Oklahoma, Oregon, Virginia and Washington.

Conmed’s services have expanded to include mental health, pharmacy and out-of-facility healthcare services.

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