TUCSON, Ariz., Nov. 21 /PRNewswire-FirstCall/ -- The Providence Service Corporation (Nasdaq: PRSC) today announced that Craig A. Norris, the Company's Chief Operating Officer, has been appointed to the Company's Board of Directors. Mr. Norris' appointment fills the vacancy left by the April 2008 resignation of Steven I. Geringer and returns the board to six members. Mr. Norris will not serve on any committee of the Board.
Mr. Norris, age 41, has been with Providence since its inception in 1996, joining the Company as the Director of Planning and Development. From 1998 to 2004 he was President of Providence's Eastern Division and in 2004 was named to the position of Chief Operating Officer.
Prior to joining Providence, Mr. Norris held a number of social services
management positions. He was the former Chief Operating Officer of Parents
and Children Together, Inc. in Arizona. He also spent time with direct
clinical and client services while working in the private sector and with the
Arizona Department of Health Services. He has a Masters in Organizational
Management and a Masters in Counseling from the
"Craig is one of Providence's original employees and has been instrumental in the Company's growth over the last 10 years," commented Fletcher McCusker, Chairman and CEO. "His 18 years in the social services industry and his managerial experience will be of significant benefit to the Board as we manage through this difficult environment."
Providence Service Corporation, through its owned and managed entities, provides home and community based social services and non-emergency transportation services management to government sponsored clients under programs such as welfare, juvenile justice, Medicaid and corrections. Providence does not own or operate beds, treatment facilities, hospitals or group homes, preferring to provide services in the client's own home or other community setting. The Company provides a range of services through its direct and managed entities to over 74,000 clients through 870 contracts at September 30, 2008, with an estimated six million individuals eligible to receive the Company's non-emergency transportation services related to its LogistiCare operations. Combined, the Company has a nearly $1 billion book of business including managed entities.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "demonstrate," "expect," "estimate," "anticipate," "should" and "likely" and similar expressions identify forward-looking statements. In addition, statements that are not historical should also be considered forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. Forward-looking statements contained in this release may relate to, but are not limited to, statements regarding Providence's review of potential strategic options, the timing of such review, and the outcome of such review. Such forward-looking statements are based on current expectations that involve a number of known and unknown risks, uncertainties and other factors which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. These factors include, but are not limited to the global credit crisis, capital market conditions, and other risks detailed in Providence's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2007. Providence is under no obligation to (and expressly disclaims any such obligation to) update any of the information in this press release if any forward-looking statement later turns out to be inaccurate whether as a result of new information, future events or otherwise.
|SOURCE The Providence Service Corporation|
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