Xerox Beats HP for $500 Million N.Y. Medicaid Deal

From BloombergXerox Corp. (XRX) won an estimated $500 million contract to replace New York’s Medicaid management system, the biggest in the U.S.

The five-year computer-services agreement must still be approved by the state comptroller, according to an e-mail from Bill Schwarz, a spokesman for the New York Health Department. Computer Sciences Corp. (CSC), which runs the current system, didn’t bid. Read more here.

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