Ceridian Awarded Contract to Provide Employee Assistance Program (EAP) Services To a Large Number of Federal Government Agencies
MINNEAPOLIS (September 14, 2006) – Ceridian Corporation (NYSE: CEN) announced today that it has been awarded a contract to provide employee assistance program (EAP) services to Federal Occupational Health (FOH), a division of the U.S. Department of Health and Human Services, Program Support Center. FOH works in partnership with many Federal agencies via 360 interagency agreements throughout the U.S. and internationally. FOH designs and delivers comprehensive solutions to meet the occupational health needs for 1.3 million employees and their family members.
The contract has a total potential value of approximately $150 million over five years, consisting of an initial one-year term with four one-year options of approximately $30 million per year. The financial impact of this contract was considered in earnings guidance previously issued by Ceridian for the fourth quarter of 2006.
Ceridian Corporation (www.ceridian.com) is an information services company serving businesses and employees in the United States, Canada and Europe. Ceridian is one of the top human resources outsourcing companies in each of its markets, and offers a broad range of human resource services, including payroll, benefits administration, tax compliance, HR information systems and employee advisory programs. Through its Comdata subsidiary, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States.
Ceridian was the nation’s first provider of fully integrated EAP, work-life and wellness services. Today, Ceridian’s EAP and work-life services are utilized by more than 38,000 organizations of all sizes in virtually every industry.
Source: Ceridian
