The Providence Service CorporationNASDAQ
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.
Jan. 9, 2012, 2:12 PM