Pennsylvania Extends PHS Contract
February 7th, 2008
A statement issued last night notes:
America Service Group Inc. (ASGR) on Wednesday said the company’s operating subsidiary, Prison Health Services, Inc. and the Commonwealth of Pennsylvania, Department of Corrections have agreed to extend by five years the term of the current contract under which PHS provides general healthcare and specialized medical services to the nearly 44,000 inmates in the custody of the Department. Annual revenues for 2006 under the contract were $68.5 million. The contract will now expire on August 31, 2013.