DLH Wins FEMA Contract for COVID-19 Emergency Medical Services Throughout Alaska
September 23 2021 - 8:00AM
DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a
leading provider of innovative health research, services, and
solutions to federal agencies, today announced that it has been
awarded a contract to provide medical countermeasures and emergency
medical services for hospitals, long-term care facilities, and
schools throughout Alaska as the state responds to an increase in
COVID-19 cases.
Under a Federal Emergency Management Agency
(“FEMA”) contract to provide support for states seeking temporary
hospital support during the COVID-19 pandemic, this competitively
awarded contract for Alaska has a ceiling value of $87 million for
the 90-day base period. It provides for three one-month optional
extensions after the initial period of performance. As the prime
contractor, DLH will manage the emergency medical logistics
coordination for the healthcare services teams fielded by its
subcontractor, which will provide a significant percentage of the
services.
“DLH is proud to build upon our role in support
of the national response to the COVID-19 pandemic,” said Kevin
Wilson, president of DLH’s Health & Logistics Services
operating unit. “DLH will work rapidly to provide support for
Alaska’s world-class health professionals with the accountability,
safety, and efficiency our customers and their patients have come
to expect.”
Under this contract, DLH will leverage its
relationship with a nationally recognized temporary medical
staffing firm to place experienced medical support personnel in
communities throughout the state. These highly-trained medical
professionals will augment existing healthcare staff, supporting
around the clock coverage to counter the COVID-19 pandemic.
“From the onset of our nation’s battle against
this pandemic, DLH has been at the forefront of the scientific,
medical, and operational response,” added Zach Parker, President
and CEO of DLH. “We have implemented innovative approaches to reach
patients in rural and remote areas, with the aim of ensuring all
Americans have access to the care they need. Now, as our fellow
Americans face another wave of this disease, DLH will work with
urgency and agility to provide high-quality medical support.”
About DLHDLH delivers improved
health and readiness solutions for federal programs through
research, development, and innovative care processes. The Company’s
experts in public health, performance evaluation, and health
operations solve the complex problems faced by civilian and
military customers alike, leveraging digital transformation,
artificial intelligence, advanced analytics, cloud-based
applications, telehealth systems, and more. With over 2,200
employees dedicated to the idea that “Your Mission is Our Passion,”
DLH brings a unique combination of government sector experience,
proven methodology, and unwavering commitment to public health to
improve the lives of millions. For more information, visit
www.DLHcorp.com.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995:This press
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements relate to future events or DLH`s future financial
performance. Any statements that refer to expectations, projections
or other characterizations of future events or circumstances or
that are not statements of historical fact (including without
limitation statements to the effect that the Company or its
management “believes”, “expects”, “anticipates”, “plans”, “intends”
and similar expressions) should be considered forward looking
statements that involve risks and uncertainties which could cause
actual events or DLH’s actual results to differ materially from
those indicated by the forward-looking statements. Forward-looking
statements in this release include, among others, statements
regarding estimates of future revenues, operating income, earnings
and cash flow. These statements reflect our belief and assumptions
as to future events that may not prove to be accurate. Our actual
results may differ materially from such forward-looking statements
made in this release due to a variety of factors, including: the
outbreak of the novel coronavirus (“COVID-19”), including the
measures to reduce its spread, and its impact on the economy and
demand for our services, are uncertain, cannot be predicted, and
may precipitate or exacerbate other risks and uncertainties; the
risk that we will not realize the anticipated benefits of our
recent or any future acquisition; the challenges of managing larger
and more widespread operations resulting from our recent
acquisition; contract awards in connection with re-competes for
present business and/or competition for new business; compliance
with new bank financial and other covenants; changes in client
budgetary priorities; government contract procurement (such as bid
and award protests, small business set asides, loss of work due to
organizational conflicts of interest, etc.) and termination risks;
the ability to successfully integrate the operations our recent
acquisition and of any future acquisitions; and other risks
described in our SEC filings. For a discussion of such risks and
uncertainties which could cause actual results to differ from those
contained in the forward-looking statements, see “Risk Factors” in
the Company’s periodic reports filed with the SEC, including our
Annual Report on Form 10-K for the fiscal year ended September 30,
2020, as well as subsequent reports filed thereafter. The
forward-looking statements contained herein are not historical
facts, but rather are based on current expectations, estimates,
assumptions and projections about our industry and business. Such
forward-looking statements are made as of the date hereof and may
become outdated over time. The Company does not assume any
responsibility for updating forward-looking statements, except as
may be required by law.
CONTACT:
INVESTOR RELATIONS |
Contact: Chris Witty |
Phone: 646-438-9385 |
Email: cwitty@darrowir.com |
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