Corizon peer headed back to the sale block

Maryland-based ConMed Healthcare Management said Tuesday it has hired investment bank Cantor Fitzgerald to help it assess its strategic options. ConMed, which earned $315,000 on revenues of $51 million through the first nine months of 2011, last November had to pull out off a $57 million sale after its prospective buyers couldn't get the financing they needed. One logical candidate is Brentwood-based Corizon, the $1.6 billion (revenue) company created last year by the joining of America Service Group and the parent of Correctional Medical Services. The company has been busy integrating and restructuring its executive suite since last summer, so any interest on its part for ConMed would suggest that phase is behind it.