Trading the Spread
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Why Providence Is Positioned To Win In The Age Of Healthcare Reform

Executive summary:

  • The Patient Protection and Affordable Care Act will lead to a dramatic rise in Medicaid enrollment over the next decade.
  • Healthcare reform heavily stipulates home and community-based care as an alternative to institutional care.
  • These major trends will provide a strong tailwind to home-based social services provider, PRSC.
  • New management team and Board of Directors led by activist hedge fund managers are intent on driving turnaround.
  • Shares of PRSC remain undervalued, as the company's story remains untold among the investing community.

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Since the re-election of President Obama, full implementation of the Affordable Care Act became assured and companies across the healthcare spectrum have begun preparing for change. Medicaid enrollment is expected to rise by over 40% to

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