Providence Service Mergers and Acquisitions Summary

Healthcare Services Company

Providence Service has acquired 4 companies. A total of 3 acquisitions came from private equity firms. It has also divested 3 assets.

Providence Service’s largest acquisition to date was in 2014, when it acquired Matrix Medical Network for $400M. Providence Service has acquired in 3 different US states. The Company’s most targeted sectors include healthcare services (100%).

Join Mergr and gain access to Providence Service’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the healthcare services sector.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity3
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Providence Service Corp.

700 Canal Street Third Floor,
Stamford, Connecticut 06902
United States,
(203) 307-2800
www.prscholdings.com

Providence Service Corp. provides and manages government sponsored social services and non-emergency transportation services. Providence's counselors, social workers and behavioral health professionals work clients who are eligible for government assistance due to income level, emotional/educational disabilities or court order. The state and local government agencies that fund the social services Providence provides are required by law to provide counseling, case management, foster care and other support services to eligible individuals and families. Providence also manages and arranges for client transport to health care related facilities and services for state or regional Medicaid agencies, health maintenance organizations, or HMOs, and commercial insurers. Providence Service Corp. was formed in 1996 and is based in Tucson, Arizona.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 3 - - - - - 3
vol $620M $620M
Sell (0.2/yr) # 2 - - - 1 - 3
  6

Most Recent M&A

Company Date Value Type
Matrix Medical Network, Inc. 2019-10-25 - Divestiture
Scottsdale, Arizona · www.matrixhealth.net
Providence Human Services LLC 2015-09-03 - Divestiture
Fredericksburg, Vermont · www.providencehumanservices.com
Providence Community Services LLC 2015-09-03 - Divestiture
Cerritos, California
Matrix Medical Network, Inc. 2014-09-18 400M USD Add-on Acquisition
Scottsdale, Arizona · www.matrixhealth.net
LogistiCare Solutions LLC 2007-12-07 220M USD Add-on Acquisition
Atlanta, Georgia · www.logisticare.com
Providence Community Services LLC 2004-07-21 - Add-on Acquisition
Cerritos, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 3 (100%) 620M (100%) 3 (100%) -
Total 3 $620M 3 -

By Geo

State/Country Buy Value Sell Value
United States 3 620M 3 -
  California 1 - 1 -
  Arizona 1 400M 1 -
  Georgia 1 220M - -
  Vermont - - 1 -
Total 3 $620M 3 -

Top M&A Advisors

Financial Deals
Moelis & Co.
2
Legal Deals
Paul Hastings LLP
3
Skadden, Arps, Slate, Meagher & Flom LLP
1

Deal Values

buy # Total
$100M to $1B 2 $620M
TOTAL $620M
Largest Matrix Medical Network, Inc.
$400M (2014-09-18)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
3 100%
Divested to
Strategic(s)
100%
2 100%

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