Maximus to consider alternatives

By Lisa Kerner

Charlotte, N.C., July 23 - Maximus, Inc. said it retained UBS Investment Bank to assist the board of directors in exploring strategic alternatives to enhance shareholder value, including a possible sale of the company.

The company expects to review options to best position it "to capitalize on growth opportunities in the government market," according to a company news release.

"Over the past year, we have worked to focus our business on its core strengths, improve profitability, and address legacy issues which has resulted in a stronger organization with a clear strategic direction," chief executive officer Richard Montoni stated in the release.

"Our pursuit of strategic alternatives is just another step towards realizing the full potential of the company."

Maximus is a Reston, Va., provider of government services including program management, consulting and information technology services.

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