According to Providence, the contract, estimated to be worth $14m in revenue over the initial 18 month term, is subject to finalized contracts and various processing procedures. LogistiCare was awarded a new contract for Volusia County on the same terms as the Miami-Dade contract. The Volusia County contract has an initial contract value of approximately $2.9m for the January 1, 2010 through June 30, 2011 period, or an effective annual rate of approximately $1.9m.
Herman Schwarz, CEO of LogistiCare, said: “We are extremely pleased to be able to continue to work in partnership with the Commission for the transportation disadvantaged. The Miami-Dade County renewal, as well as the additional contract win in Volusia County, is a testament to LogistiCare's quality service delivery and commitment to Florida Medicaid members and their transportation needs.”
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