The Providence Service Mergers and Acquisitions Summary

Healthcare Services Company

The Providence Service has acquired 5 companies, including 1 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 3 assets.

The Providence Service’s largest acquisition to date was in 2020, when it acquired Simplura Health Group for $575M. The Providence Service has acquired in 4 different US states. The Company’s most targeted sectors include healthcare services (75%) and consumer services (25%).

Join Mergr and gain access to The 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 Activity7
    • M&A Buy Activity4
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 5

The Providence Service Corp.

1275 Peachtree Street Sixth Floor,
Atlanta, Georgia 30309
United States,
(203) 307-2800

The 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. The Providence Service was formed in 1996 and is based in Tucson, Arizona.

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 3 - - - 1 - 4
vol $620M $575M $1.2B
Sell (0.2/yr) # 2 - - 1 - - 3

Most Recent M&A

Company Date Value Type
Simplura Health Group 2020-09-29 575M USD Add-on Acquisition
Valley Stream, New York ·
Matrix Medical Network, Inc. 2019-10-25 - Divestiture
Scottsdale, Arizona ·
Providence Human Services LLC 2015-09-03 - Divestiture
Fredericksburg, Vermont ·
Providence Community Services LLC 2015-09-03 - Divestiture
Cerritos, California
Matrix Medical Network, Inc. 2014-09-18 400M USD Add-on Acquisition
Scottsdale, Arizona ·
LogistiCare Solutions LLC 2007-12-07 220M USD Add-on Acquisition
Atlanta, Georgia ·
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 (75%) 620M (52%) 3 (100%) -
Consumer Services 1 (25%) 575M (48%) - -
Total 4 $1.2B 3 -

By Geo

State/Country Buy Value Sell Value
United States 4 1.2B 3 -
  California 1 - 1 -
  Arizona 1 400M 1 -
  New York 1 575M - -
  Georgia 1 220M - -
  Vermont - - 1 -
Total 4 $1.2B 3 -

Top M&A Advisors

Financial Deals
Moelis & Co.
Jefferies LLC
Legal Deals
Paul Hastings LLP
Gibson, Dunn & Crutcher LLP
Skadden, Arps, Slate, Meagher & Flom LLP

Deal Values

buy # Total
$100M to $1B 3 $1.2B
Largest Simplura Health Group
$575M (2020-09-29)

M&A Connections

Acquired from
3 (75%)
Divested to
2 (67%)

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