Who won the Department of Public Works and Government Services (PSPC) financial services contract?

Medavie Inc. won this contract, valued at $711,015,182, starting April 1, 2025.

How much is the contract worth?

The award value is $711,015,182.

When will this contract be re-tendered?

The contract ends July 31, 2035. Government buyers typically start the re-tender process about 90 days before expiry: around May 2, 2035.

Government financial services contract award

Department of Public Works and Government Services (PSPC) awarded Medavie Inc.

Name: Department of Public Works and Government Services (PSPC) financial services contract award to Medavie Inc.
Creator: Department of Public Works and Government Services (PSPC)
License: https://canadabuys.canada.ca/en/procurement-data/open-data

$711,015,182 financial services contract, NB

Updated July 5, 2026

Medavie Inc. won a $711,015,182 government financial services contract from Department of Public Works and Government Services (PSPC) in New Brunswick. The contract runs from April 1, 2025 to July 31, 2035. A replacement contract is likely to go to market around May 2, 2035. Department of Public Works and Government Services (PSPC) has 14099 other tracked awards.

WON$711,015,182

Award value: $711,015,182
Contract start: April 1, 2025
Contract end: July 31, 2035
NAICS: 561720
Reference #: CW2395197

Contract ends July 31, 2035: re-tender expected around May 2, 2035.

This contract ends July 2035: get notified before it re-tenders

We'll email you ahead of the expected re-tender window so you can bid on the replacement.

Description

Federal Health Claims Processing Services

Contract context

As of Jul 2026, this is the 11155th contract awarded by Department of Public Works and Government Services (PSPC) in our tracked dataset since 2000. Department of Public Works and Government Services (PSPC)'s tracked contract value ranges from $94,564 to $1,216,133 (25th–75th percentile). This award is above their tracked median of $289,863.

Source: original award notice

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Active financial services tenders

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