ACS wins New Mexico deal, names Mark King CEO
- By Ethan Butterfield
- Oct 03, 2005
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.