In a previous PRO Top Idea article from March, I walked Seeking Alpha subscribers through my investment thesis for Providence Service Corporation (NASDAQ:PRSC) - a relatively obscure company that is well positioned to capitalize on emerging healthcare trends in the United States. As America's largest provider of home-based social services and a leading provider of non-emergency transportation services to the Medicaid community, Providence is a clear beneficiary of the Affordable Care Act as the multi-year boom in Medicaid enrollment and increased focus on home and community-based programs provide a strong tailwind across the entire PRSC enterprise.
With little-to-no analyst or media coverage and large "smart money" holders accumulating sizeable positions and Board representation, I felt there was an...
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