ACS wins New Mexico deal, names Mark King CEO

Affiliated Computer Services Inc. won an eight-year, $82.5 million contract from the New Mexico Human Services Department to provide fiscal agent services, the company announced today.

Under terms of the contract, ACS of Dallas will operate New Mexico's Medicaid management information system and provide full fiscal agent services. ACS has supported the state's Medicaid system since 1994, the company added.

ACS currently supports 20 million Medicaid program recipients and processes nearly 475 million Medicaid health-care claims annually, representing more than $47 billion in provider statements. ACS serves 32 pharmacy benefit programs in 26 states and the District of Columbia with drug expenditures totaling over $14 billion.

In related news, ACS announced that former president and chief operating officer Mark King was elected by the company's board to be its new president and chief executive officer. King replaces former CEO Jeff Rich, who is leaving the company to pursue other business ventures.

ACS has more than 50,000 employees and $4.3 billion in annual sales. The company ranks No. 51 on Washington Technology's 2005 Top 100 list, which measures federal contracting revenue.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here


  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More


    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.