The Providence Service Corporation(PRSC)- NASDAQ
  • Sep. 18, 2014, 10:24 AM
    • Providence Service Corp. (PRSC +2.5%) acquires Matrix Medical Network in a cash-and-stock transaction valued at $400M ($360M in cash plus 946,722 shares of PRSC common stock) from private equity firm Welsh, Carson, Anderson and Stowe.
    • The Scottsdale, AZ-based Matrix provides in-home health assessment and care management services across 33 states. It posted $187M in revenue in the 12-month period ended June 30, 2014.
    • The transaction is expected to close in Q4 2014 and will be accretive to earnings in 2015.
    | Sep. 18, 2014, 10:24 AM
  • Jan. 9, 2012, 2:12 PM

    DealReporter breaks out a report tipping off that execs with The Providence Service (PRSC +1.1%) are working with Stifel to explore a sale.

    | Jan. 9, 2012, 2:12 PM
Company Description
Providence Service Corp. engages in the provision of home and community-based social services and non-emergency transportation services. It operates through the following segments: Non-Emergency Transportation Services (LogistiCare), Workforce Development Services (Ingeus). and Health Assessment... More
Sector: Healthcare
Industry: Specialized Health Services
Country: United States