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.

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Philadelphia, PA, July  23, 2020  (GLOBE NEWSWIRE) --  LogistiCare , the nation’s largest non-emergency medical transportation company, is partnering with  Philabundance  and  The Liberti Church Network  to deliver food to Philadelphia residents in need. In the first few weeks of the partnership with Philabundance and The Liberti Church Network, LogistiCare has delivered more than 1,200 meals to residents in Philadelphia.

LogistiCare Partners with Philabundance and The Liberti Church Network to Deliver Food to Philadelphia Residents In Need

Miami, FL, July  21, 2020  (GLOBE NEWSWIRE) --  LogistiCare , the nation’s largest non-emergency medical transportation company, is partnering with Miami-Dade County Public Schools (M-DCPS) to deploy the company’s temporary, excess transportation capacity in support of Superintendent Alberto Carvalho’s efforts to deliver food to South Florida residents in need. This partnership complements similar food distribution initiatives and community outreach efforts taking place across LogistiCare’s transportation network in New Jersey, Philadelphia and now Florida.

LogistiCare Launches Partnership with Miami-Dade County Public Schools to Deliver Food to South Florida Residents in Need

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 present at the CJS Securities 20th Annual New Ideas Summer Conference, which will be held virtually, on Tuesday, Jul

Providence to Present at the 20th Annual CJS Securities New Ideas Summer Conference

First Lady Tammy Murphy onsite to lend a hand, pack/prepare food for distribution First Lady Tammy Murphy onsite to lend a hand, pack/prepare food for distribution

LogistiCare Partners with Atlantic City-Based Non-Profit Organization, Friends In Action Inc. to Deliver Food to City Residents Impacted by the COVID-19 Pandemic

ATLANTA, June  08, 2020  (GLOBE NEWSWIRE) -- The Providence Service Corporation (“Providence” or the “Company”) (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 announced that the Company has entered into a strategic Conversion Agreement with Coliseum Capital Management, LLC (“Coliseum”), providing initially for the conversion of 738,240 shares of the Company’s 5.5%/8.5% Series A convertible preferred stock held by Coliseum into cash totaling approximately $80.7 million plus approximately 925,600 shares of Providence common stock. Coliseum owns approximately 96.5% of the Company’s preferred stock, or 765,916 preferred shares.

Providence Announces Strategic Conversion Agreement with Holder of Majority of Series A Convertible Preferred Stock

ATLANTA, June  03, 2020  (GLOBE NEWSWIRE) -- The Providence Service Corporation (Nasdaq: PRSC) today announced that its Board of Directors has declared a cash dividend on its 5.5%/8.5% Series A convertible preferred stock. The dividend is payable on July 1, 2020 to holders of record as of 5:00 p.m. ET on June 15, 2020. The dividend will be paid at a rate of 5.5% per annum, which is equal to approximately $1.37123 per share of convertible preferred stock.

Providence Service Corporation Declares Cash Dividend on Convertible Preferred Stock

Camden, NJ, May  15, 2020  (GLOBE NEWSWIRE) -- LogistiCare, the nation’s largest non-emergency medical transportation company and the contracted transportation vendor for New Jersey Medicaid participants, is partnering with The Salvation Army Kroc Center in Camden to use the company’s temporary, excess capacity to deliver emergency food to Camden area residents who need help most during the COVID-19 pandemic. 

LogistiCare Partners with The Salvation Army Kroc Center in Camden

Jersey City, NJ, May  13, 2020  (GLOBE NEWSWIRE) -- Jersey City’s Department of Health and Human Services, with the help of the Community FoodBank of New Jersey and a partnership with LogistiCare, the nation’s largest non-emergency medical transportation company and the contracted transportation vendor for New Jersey Medicaid participants, is using its temporary, excess capacity to deliver food to Jersey City residents who need it most during the COVID-19 pandemic. 

Jersey City Partners with LogistiCare to Deliver Healthy Meals to Hundreds of Residents Most in Need Amid Pandemic

Providence Service Corp (PRSC) CEO Daniel Greenleaf on Q1 2020 Results - Earnings Call Transcript

Bayonne, N.J., May  08, 2020  (GLOBE NEWSWIRE) -- Together, the Community FoodBank of New Jersey and LogistiCare, the nation’s largest non-emergency medical transportation company and the contracted transportation vendor for New Jersey Medicaid participants, is using its temporary, excess capacity to deliver food to residents of Bayonne at a time it is needed most.   

LogistiCare Delivers Food to Bayonne Residents in Need

-- Strengthens LogistiCare’s market leadership in non-emergency medical transportation -- -- Strengthens LogistiCare’s market leadership in non-emergency medical transportation --

LogistiCare Announces Acquisition of National MedTrans

ATLANTA, April  15, 2020  (GLOBE NEWSWIRE) -- The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC) today announced that its subsidiary, LogistiCare Solutions, LLC (“LogistiCare”), has appointed Kenneth (“Kenny”) W. Wilson as the Chief Operating Officer of LogistiCare, effective May 4, 2020. Mr. Wilson will replace LogistiCare’s Acting Chief Operating Officer, Albert Cortina, who will continue to support the organization in a consultative role.

LogistiCare Appoints Kenneth W. Wilson as Chief Operating Officer

Leveraging core business to deliver additional services for those in need Leveraging core business to deliver additional services for those in need

LogistiCare l Circulation innovating services to meet the changing needs amid COVID-19 pandemic

ATLANTA, March  12, 2020  (GLOBE NEWSWIRE) -- The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC), the country’s largest provider of non-emergency medical transportation (“NEMT”) programs and holder of a minority interest in Matrix Medical Network, today announced that its Board of Directors has approved a $75 million stock repurchase program (the “New Stock Repurchase Program”), effective as of March 12, 2020.

The Providence Service Corporation Announces Authorization of $75 Million Stock Repurchase Program

ATLANTA, March  12, 2020  (GLOBE NEWSWIRE) -- The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC) today announced that its subsidiary, LogistiCare Solutions, LLC (“LogistiCare”), has renewed and extended their preferred partnership with Lyft in a multi-year commitment.  The joint effort will improve access to care for millions across the U.S. who rely on LogistiCare for reliable and convenient transportation to fulfill their medical needs.

The Providence Service Corporation and LogistiCare Extend Partnership with Lyft to Improve Access to Care for Millions Across the Country

ATLANTA, March  04, 2020  (GLOBE NEWSWIRE) -- The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC) today announced that its subsidiary, LogistiCare Solutions, LLC (“LogistiCare”), has appointed three accomplished executives to its executive leadership team, adding substantial leadership experience and expertise in the areas of technology and innovation, human resources, and compliance.

LogistiCare Announces Executive Leadership Appointments

The Providence Service Corporation (PRSC) CEO Dan Greenleaf on Q4 2019 Results - Earnings Call Transcript

Non-emergency medical transportation broker’s fundraising efforts provide support for nonprofit’s initiatives Non-emergency medical transportation broker’s fundraising efforts provide support for nonprofit’s initiatives

LogistiCare Donates Vital Funds to National Kidney Foundation Over Six Years

More than 70,000 items donated companywide More than 70,000 items donated companywide

LogistiCare Employees Establish New Record of Giving During 10th Annual Gobble Up Hunger Food and Clothing Drive

ATLANTA, Dec.  05, 2019  (GLOBE NEWSWIRE) -- The Providence Service Corporation (Nasdaq: PRSC) today announced that its Board of Directors has declared a cash dividend on its 5.5%/8.5% Series A convertible preferred stock. The dividend is payable on January 2, 2020 to holders of record as of 5:00 p.m. ET on December 16, 2019. The dividend will be paid at a rate of 5.5% per annum, which is equal to approximately $1.38630 per share of convertible preferred stock.

Providence Service Corporation Declares  - Cash Dividend on Convertible Preferred Stock

Atlanta, Dec.  05, 2019  (GLOBE NEWSWIRE) -- PacificSource Community Solutions, the Medicaid division of PacificSource, has contracted with LogistiCare to provide non-emergency medical transportation (NEMT) brokerage services to its Coordinated Care Organization (CCO) members based in Hood River County and Wasco County beginning Jan. 1, 2020. LogistiCare is the nation’s largest NEMT broker.

PacificSource Contracts with LogistiCare for Non-Emergency  Medical Transportation in Hood River County and Wasco County

ATLANTA, Dec.  02, 2019  (GLOBE NEWSWIRE) -- The Providence Service Corporation (the “Company” or “Providence”) (Nasdaq: PRSC) today announced that it has appointed Daniel E. Greenleaf as Chief Executive Officer of the Company and its subsidiary, LogistiCare Solutions, LLC (“LogistiCare”), effective December 11, 2019. Mr. Greenleaf is an innovator across the healthcare industry who brings over 25 years of experience successfully transforming healthcare companies through periods of growth. 

Daniel E. Greenleaf Appointed as Chief Executive Officer of The Providence Service Corporation and LogistiCare

Local staff raises more than $17,000 for area kidney patients Local staff raises more than $17,000 for area kidney patients

LogistiCare Team is Number One Fundraiser at Las Vegas Kidney Walk

Partnership with coordinated care organization assures Medicaid members with chronic conditions have access to quality healthcare Partnership with coordinated care organization assures Medicaid members with chronic conditions have access to quality healthcare

News for Providence Service Stock (PRSC)