Serco wins $900m extension to US healthcare vetting contract

Outsourcing firm Serco on Wednesday said it had won an extension to its US contract to process healthcare elgibility applications worth up to $900m (£670.6m).

The contract has a one-year base period and four one-year option periods, Serco said.

Serco has been providing the Center for Medicare & Medicaid Services with processing support since July 2013. The current five-year contract ends on 30 June 2018 and revenue for the last 12 months has been approximately $210m, the company said.