US-headquartered providers publish financial results

Both Maximus and Providence Service Corporation (which is the parent company for Ingeus) have published quarterly financial results.

Maximus (NYSE:MMS) has published a presentation alongside their Q3 2017 Investor Conference Call .

There is more UK-related comment on the Health Assessment contract (which carries out Work Capability Assessments for DWP) rather than the winding down of the Work Programme contracts or prospects for the Work and Health Programme.

Providence Services (NASDAQ:PRSC) has done the same for their Q2 2017 investor presentation.

Providence report on the virtual completion of their Ingeus Futures restructuring programme and on prospects for the Work and Health Programme bids and for devolved programmes.

Transcripts of the conference calls are available from financial information providers such as SeekingAlpha.

In both cases, comment on the Work Programme relates to the end of referrals and continued winding down. At this stage of the programme, providers are continuing to support previously referred participants, and have to continue out of work support for two years after referral. They can continue to receive sustainment payments for extended periods, so the financial margin will change considerably for providers in this stage.