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Conmed Acquires Panhandle Correctional Care
Posted February 1, 2012
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HANOVER, Md.--Conmed Healthcare Management, Inc. (NYSE Amex: CONM) has purchased the assets of Panhandle Correctional Care, Inc., a Texas Corporation including its three medical staffing contracts in the Texas panhandle. Financial details were not disclosed.
The contracts include most notably the Randall County Jail, a 450-bed facility in Amarillo Texas.
"This strategic acquisition expands our Texas footprint beyond Galveston to the state's panhandle," said Richard Turner, Chairman and Chief Executive Officer of Conmed. "It improves our presence in the state, which we believe will benefit Conmed as we work to recruit additional contracts in this attractive market going forward. We believe that Panhandle is a medical service company that provides quality care to its patients and exceptional service to jail administrators. This transaction is a perfect fit for Conmed and importantly, we are pleased that Panhandle's senior management will continue to direct operations."
Located in the Texas panhandle, Randall County has a total population of approximately 121,000 in a 922 square mile area. It forms about half of the Amarillo metropolitan area; the other half is in Potter County. Randall County is home to Palo Duro Canyon, the second largest canyon in the United States, and Buffalo Lake National Wildlife Refuge, a shortgrass prairie recognized as one of the best in the high plains grassland ecosystem, 175 acres of which have been designated a National Natural Landmark.
About Conmed
Conmed has provided correctional healthcare services since 1984, beginning in the State of Maryland, and currently serves county and municipal correctional facilities in nine states, including Arizona, Kansas, Maryland, New Jersey, Oregon, Tennessee, Texas, Virginia and Washington. For more information, visit us at www.conmedinc.com.
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