Providence Service

ModivCare, Inc. provides technology-enabled services, which offers integrated supportive care solutions for public and private payors and their patients. It operates through the following business segments: Non-Emergency Medical Transportation (NEMT), Matrix Investment, and Personal Care. The NEMT segment operates under the brands ModivCare Solutions, LLC, and Circulation and includes the Company’s activities for executive, accounting, finance, internal audit, tax, legal, certain strategic and development functions and the Company's insurance captive. The Matrix Investment segment provides home and mobile-based healthcare services for health plans. The Personal Care segment consists of non-medical home care to Medicaid patient populations, including seniors and disabled adults, in need of care monitoring and assistance performing activities of daily living. The company was founded by Fletcher Jay McCusker in December 1996 and is headquartered in Denver, CO.

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ModivCare, Inc. is a technology-enabled healthcare services company, which engages in the provision of a suite of integrated supportive care solutions for public and private payors and their members. It operates through the following segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and Corporate and Other. The NEMT segment is involved in the non-emergency medical transportation programs for state governments and managed care organizations, or MCOs, in the U.S. The Personal Care segment offers home personal care services to State and Managed Medicaid, Medicare, and Private Pay patient populations in need of care monitoring and assistance performing activities of daily living. The RPM segment focuses on remote patient monitoring solutions, including personal emergency response systems, vitals monitoring, and data-driven patient engagement solutions. The Corporate and Other segment includes the costs associated with the company's corporate operations. The company was founded by Fletcher Jay McCusker in December 1996 and is headquartered in Denver, CO.

Partnership with Trenton Health Team and Snipes Farm and Education Center to Improve Health Outcomes in the Capital City Partnership with Trenton Health Team and Snipes Farm and Education Center to Improve Health Outcomes in the Capital City

ModivCare Delivers Free, Fresh Produce to Trenton Residents in Need

DENVER, Jan. 06, 2021 (GLOBE NEWSWIRE) -- The Providence Service Corporation (“Providence” or the “Company”) (NASDAQ: PRSC) today announced its new name – ModivCare Inc. The Company's wholly-owned subsidiary, LogistiCare Solutions, LLC, the nation's largest provider of non-emergency medical transportation (NEMT), has been renamed ModivCare Solutions, LLC. Effective January 7, 2021, the Company's common stock will commence trading on the Nasdaq under its new ticker symbol “MODV” and CUSIP 60783X 104.

Providence Announces New Name – ModivCare

ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC) today announced that, on December 27, 2020, President Trump signed into law The Consolidated Appropriations Act, 2021 (“H.R.133”), a component of which formally mandates that state Medicaid programs cover non-emergency medical transportation as an essential benefit to Medicaid members for medically necessary services. The language included within H.R.133 is based on preceding bill, H.R.39

Providence Commends Codification of Non-Emergency Medical Transportation Benefit

ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC) today announced that Dan Greenleaf, President and Chief Executive Officer, and Kevin Dotts, Chief Financial Officer, are scheduled to participate in the following upcoming conferences: J.P. Morgan 39th Annual Healthcare Conference | Virtual January 11 - 14, 2021 Group presentation: Thursday, January 14, 2021 at 9:10 a.m. ET Live audio stream of group presentation: https://jpmorgan.metamee

Providence to Participate in Upcoming Investor Conferences

Providence Service (PRSC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Providence Service (PRSC): Time to Buy?

ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC) today announced that Dan Greenleaf, President and Chief Executive Officer, and Kevin Dotts, Chief Financial Officer, are scheduled to participate in the BofA Securities 2020 Leveraged Finance Virtual Conference. The Company's group presentation will be held on Monday, November 30, 2020 at 11:15 a.m. Eastern Time. Providence's presentation will be webcast live and available in the investor

Providence to Participate in the BofA Securities 2020 Leveraged Finance Virtual Conference

ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC) today announced that the Company has completed its previously announced acquisition of Simplura Health Group, which operates a large network of home health and personal care agencies across seven states. The aggregate consideration paid was approximately $575 million in cash, subject to certain adjustments, including adjustments based on a determination of net working capital, cash, trans

Providence Completes Acquisition of Simplura Health Group

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ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC), the nation's largest provider of non-emergency medical transportation programs and holder of a minority interest in Matrix Medical Network, today announced that Dan Greenleaf, President and Chief Executive Officer, and Kevin Dotts, Chief Financial Officer, are scheduled to participate in the following upcoming virtual investor events: Furey Research Partners Hidden Gems Conference 2020 |

Providence to Participate in Upcoming Investor Events

The Providence Service Corporation's (PRSC) CEO Dan Greenleaf on Q3 2020 Results - Earnings Call Transcript

  Shares of Providence Service (NASDAQ:PRSC) were unchanged after the company reported Q3 results.

Providence Service: Q3 Earnings Insights

ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (the “Company” or “Providence”) (Nasdaq: PRSC), the nation's largest provider of non-emergency medical transportation (“NEMT”) programs and holder of a minority interest in Matrix Medical Network, today reported financial results for the three months ended September 30, 2020. Third Quarter 2020 Highlights: Revenue of $320.6 million Income from continuing operations, net of tax, of $38.9 million or $2.51 per diluted common share Adjust

The Providence Service Corporation Reports Third Quarter 2020 Financial Results

ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC), the nation's largest manager of non-emergency medical transportation (“NEMT”) programs for state governments and managed care organizations and holder of a minority investment in Matrix Medical Network, today announced that the Company is scheduled to report financial results for the third quarter ended September 30, 2020 on Friday, November 6, 2020 before the market opens. Providence wi

Providence to Report Third Quarter 2020 Financial Results and Host Conference Call on Friday, November 6, 2020

ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (“Providence”) (Nasdaq: PRSC), today announced the pricing of the previously announced private placement offering and has agreed to issue and sell $500 million in aggregate principal amount of senior notes due on November 15, 2025, which will bear interest at a rate of 5.875% per annum (the “notes”). Completion of the notes offering is expected to occur on November 4, 2020, and is subject to, among other things, standard closing and m

Providence Announces Pricing of Its $500 Million Private Offering of Senior Notes

ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (“Providence”) (Nasdaq: PRSC), today announced a private placement offering of $500 million in aggregate principal amount of newly issued senior notes maturing in 2025 (the “notes”). Completion of the offering is subject to, among other things, pricing and standard closing and market conditions. Providence intends to use the proceeds from the notes, together with borrowings under its credit facility and cash on hand, to (i) pay the co

Providence Announces $500 Million Private Offering of Senior Notes

Atlanta, GA, Oct. 05, 2020 (GLOBE NEWSWIRE) -- LogistiCare , the nation’s largest non-emergency medical transportation company, has donated digital learning devices and PPE to the At lanta Children’s Shelter (ACS) for their newly formed Virtual School Academy (VSA). The VSA was created in response to the COVID-19 pandemic in order to support parents faced with homelessness with the transition to online schooling for their children, making it possible for them to return to work and continue to support their families. 

LogistiCare Partners with Atlanta Children’s Shelter to Donate Digital Learning Devices and PPE for New Virtual School Academy

ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC), the nation’s largest manager of non-emergency medical transportation (“NEMT”) programs for state governments and managed care organizations and holder of a minority investment in Matrix Medical Network, today announced that the Company has entered into a definitive agreement to acquire Simplura Health Group (“Simplura”), which operates a large network of home health and personal care age

Providence Expands into Home Care Segment with Accretive Acquisition of Simplura Health Group

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Philadelphia, PA, Aug.  20, 2020  (GLOBE NEWSWIRE) -- Philadelphia, P.A. –  LogistiCare , the nation’s largest non-emergency medical transportation company, is partnering with  Liberty Resources, Inc.  to deliver food to Philadelphia residents in need. The delivery of food is an initiative first launched by LogistiCare in New Jersey when the company received approval to use its excess capacity to deliver food. The company is now delivering food in New Jersey, Pennsylvania and Florida, with more states coming online. Since April, LogistiCare and Liberty Resources have delivered nearly 5,500 meals to residents in Philadelphia, averaging approximately 882 households per month.

LogistiCare Partners with Liberty Resources to Deliver 75 Tons of Food to Disabled Philadelphia Residents In Need

The Providence Service Corporation (PRSC) CEO Daniel Greenleaf on Q2 2020 Results - Earnings Call Transcript

ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (the “Company” or “Providence”) (Nasdaq: PRSC), the nation’s largest provider of non-emergency medical transportation (“NEMT”) programs and holder of a minority interest in Matrix Medical Network, today reported financial results for the three months ended June 30, 2020. Second Quarter 2020 Highlights: Revenue from continuing operations of $282.3 million Income from continuing operations, net of tax, of $37.3 million, and loss of $0.9

The Providence Service Corporation Reports Second Quarter 2020 Financial Results

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ATLANTA--(BUSINESS WIRE)--The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC), the nation’s largest provider of non-emergency medical transportation programs and holder of a minority interest in Matrix Medical Network, today announced that the Company is scheduled to report financial results for the second quarter ended June 30, 2020 on Thursday, August 6, 2020 before the market opens. Providence will host a conference call on Thursday, August 6, 2020 at 8:00 a.m.

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