-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PJ6FZbMHIdm2D69WexAzD2ZNm59j8kUCPsmtwA0QX6o9N4G5Zy91oMv7TK/7iFet PIBHvcHbAlEQKhQDrNmtvw== 0001144204-07-055813.txt : 20071023 0001144204-07-055813.hdr.sgml : 20071023 20071023153905 ACCESSION NUMBER: 0001144204-07-055813 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071022 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071023 DATE AS OF CHANGE: 20071023 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Conmed Healthcare Management, Inc. CENTRAL INDEX KEY: 0000943324 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090] IRS NUMBER: 421297992 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27554 FILM NUMBER: 071185635 BUSINESS ADDRESS: STREET 1: 9375 CHESAPEAKE STREET STREET 2: SUITE 203 CITY: LA PLATA, STATE: MD ZIP: 20646 BUSINESS PHONE: 5152221717 MAIL ADDRESS: STREET 1: 9375 CHESAPEAKE STREET STREET 2: SUITE 203 CITY: LA PLATA, STATE: MD ZIP: 20646 FORMER COMPANY: FORMER CONFORMED NAME: PACE HEALTH MANAGEMENT SYSTEMS INC DATE OF NAME CHANGE: 19960118 8-K 1 v090775_8k.htm Unassociated Document
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
FORM 8-K
 
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported):  October 23, 2007 / October 22, 2007

CONMED HEALTHCARE MANAGEMENT, INC.
(Exact name of Registrant as Specified in its Charter)
 
Delaware
(State or Other Jurisdiction of Incorporation)
 
0-27554
 
42-1297992
(Commission File Number)
 
(I.R.S. Employer Identification Number)

9375 Chesapeake Street
Suite 203
La Plata, MD 20646
(Address of Principal Executive Offices, including Zip Code)
 
(301) 609-8460
(Registrant’s Telephone Number, including Area Code)

 
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2 below):
 
o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
 
o             Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
 
o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17  CFR 240.14d-2(b)).
 
o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
 
1

Item 1.01 Entry into a Material Definitive Agreement.

On October 22, 2007, Conmed Healthcare Management, Inc., a Delaware corporation (“Conmed” or the “Company”) announced the expansion of a pre-existing medical services contract with the Yakima County, Washington Detention Center as well as a new contract with Yakima County for services at its Juvenile Detention Center.

The amendment to the Detention Center service contract adds staffing at the Department of Corrections Justice Center, pharmacy services and contains an annual price increase. The new contract with the Juvenile Detention Center is for staffing services.

The combined annual revenue resulting from the initial contract, its amendments and the new contracts will increase by $1.2 million, or 80%, to $2.7 million. This revenue stream will have an aggregate potential value of approximately $10.3 million, including extension periods having an average duration of 3.8 years, which are at the county’s option. Monthly revenue payable to Conmed under each agreement is also subject to potential annual increases and adjustments based on any temporary or unexpected expansion of each facility’s respective inmate population.

Item 9.01. Financial Statements and Exhibits.
 
(c) Exhibits

Set forth below is a list of Exhibits included as part of this Current Report: 

99.1
Press release dated October 22, 2007
 
This Current Report on Form 8-K may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements with respect to the Company’s plans, objectives, expectations and intentions; and (ii) other statements identified by words such as “may”, “could”, “would”, “should”, “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans” or similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company’s control), including, without limitation, the Company’s ability to increase prices and revenue and continue to obtain contract renewals and extensions.
 
2
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
 
CONMED HEALTHCARE MANAGEMENT, INC.
 
 		  
 		  
 
Date: October 23, 2007 By:   /s/ Richard Turner 
 
Richard Turner
  President and Chief Executive Officer 
 
3
 
 EX-99.1 2 v090775_ex99-1.htm Unassociated Document
 
Conmed Healthcare Management, Inc. Announces Expansion of Medical Services in Yakima County, Washington
 
Conmed’s Annual Revenue for Services with Yakima Increases 80% to $2.7 Million

LA PLATA, Md.--(BUSINESS WIRE)—October 22, 2007--Conmed Healthcare Management, Inc. (OTCBB:CMHM - News), a leading full-service provider of correctional facility healthcare services, today announced the expansion of a pre-existing medical services contract with Yakima County Washington Detention Center and two new contracts with the county for services at its Department of Corrections Justice Center and Juvenile Detention Center.

The amendment to the Detention Center service contract adds pharmacy services and annual price increases and the two new contracts are for staffing services. The combined annual revenue resulting from the initial contract, its amendments and the new contracts will increase $1.2 million, or 80%, to $2.7 million, and have an aggregate potential value of approximately $10.3 million, including extension periods which are at the county’s option, and have an average duration of 3.8 years. Monthly revenue payable to Conmed under each agreement is also subject to potential annual increases and adjustments based on any temporary or unexpected expansion of each facility’s respective inmate populations.
 
Richard W. Turner, President and CEO of Conmed stated, “Yakima County is another example of a satisfied Conmed client, and is testament to our ability to earn our customers’ trust and expand the size and scope of our engagements. We are now serving three of the county’s correctional facilities and we are proud of our track record in serving our clients’ needs. We look forward to continuing to provide the high quality care and comprehensive services that Yakima expects for its inmates and adding to our legacy as a high-quality, responsive, healthcare provider.”
 
About Conmed
 
Conmed has provided correctional healthcare services since 1984, beginning in the state of Maryland, and currently services detention centers and correctional facilities in twenty-two counties in five states, including Washington, Oregon, Kansas, Virginia, and Maryland. Conmed's services have expanded to include mental health, pharmacy and out-of-facility healthcare services.
 
Forward Looking Statements
 
This press release may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements with respect to the company's plans, objectives, expectations and intentions; and (ii) other statements identified by words such as “may”, “could”, “would”, “should”, “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans” or similar expressions. These statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties including those contained in its public filings. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the company's control including, without limitation, the Company's ability to increase revenue and to continue to obtain contract renewals and extensions.)
 
 
 
 

Contact:
Conmed Healthcare Management, Inc.
Thomas W. Fry, 301-609-8460
Chief Financial Officer
tfry@conmed-inc.com

Hayden Communications
Peter Seltzberg, 646-415-8972
peter@haydenir.com
or
Brett Maas, 646-536-7331
brett@haydenir.com

 
 
 
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