Navigation Links
Providence Service Corporation Announces Intent to File a Common Stock Shelf Registration Statement
Date:3/12/2008

TUCSON, Ariz., March 12 /PRNewswire-FirstCall/ -- The Providence Service Corporation (Nasdaq: PRSC) today announced that it intends to file a "shelf" registration statement for shares of its common stock on Form S-3 with the Securities and Exchange Commission, or SEC. Providence anticipates that it will file the proposed shelf registration statement immediately following the filing of its Annual Report on Form 10-K for the Year Ended December 31, 2007; however, it has no immediate plans to raise capital thereunder.

Assuming it is declared effective by the SEC, the proposed shelf registration statement would enable Providence to sell, directly to one or more investors, or to or through one or more underwriters or dealers, and/or through agents, from time to time, shares of its common stock for aggregate proceeds of up to $175 million.

Registration of shares of common stock under the proposed shelf registration statement will allow the Company to register shares in advance and provide it with the flexibility to offer the shares when market conditions are favorable or when financing needs arise. The registration of shares thereunder would not, however, mean that Providence would ever necessarily offer or sell such shares. Further, even if the proposed shelf registration statement is filed, and subsequently declared effective by the SEC, each offering, if any, that Providence determines to make pursuant to the proposed shelf registration statement would require a prospectus supplement to be filed with the terms of that offering, including, among other things, the number and price of the shares to be offered, before any such offering or sales thereunder could be made. In addition, any draw-down under the shelf registration statement will only be done with the advance approval of Providence's board of directors.

Providence anticipates that the net proceeds from sales, if any, of common stock pursuant to the proposed shelf registration statement will be added to its general funds and used for general corporate purposes, which could include, among other things, reducing or refinancing its indebtedness (for example, Providence's current credit and guaranty agreement with CIT Healthcare LLC, or CIT, requires Providence, while any amounts are outstanding under such credit facility, to use half of any proceeds it receives from the sale of its equity securities to pay down such indebtedness) or funding acquisitions. However, because its plans and/or circumstances could change over time, each prospectus supplement used by Providence in connection with the sale of shares pursuant to the shelf registration statement will set forth the use of proceeds for the particular offering to which it relates.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.


'/>"/>
SOURCE Providence Service Corporation
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Providence Service Corporation Announces Fourth Quarter 2007 Revenue and Earnings Above Forecast; Issues First Quarter 2008 Guidance
2. Providence Service Corporation and UnitedHealth Group Affiliate, OptumHealth Behavioral Solutions, Enter Into Strategic Relationship Agreement
3. Providence Service Corporation to Report Fourth Quarter 2007 Results on Wednesday, March 12th After the Market Closes
4. Providence Health & Services - Oregon Region Powers Consumer Portal With Kryptiq Connect IQ
5. Providence Service Corporation to Present at the 2008 UBS Global Healthcare Services Conference on February 11
6. LogistiCare, a Subsidiary of Providence Service Corp., Opens Phoenix Call Center to Support Expanding Commercial Client Base
7. Providence Service Corporation Signs Definitive Agreement to Acquire LogistiCare, the Nations Leading Case Management Provider Coordinating Non-Emergency Transportation Services for the Medicaid Population
8. Providence Service Corporation Completes Private Placement of $70 Million of Convertible Senior Subordinated Notes
9. Providence Service Corporation Announces 35% Revenue Growth with Third Quarter Results; Increases Revenue Guidance for 2007
10. Providence St. Joseph Medical Center, Caregivers Reach Agreement on a Union Contract
11. HHS Awards $550 Million for HIV/AIDS Care, Services
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/21/2017)... (PRWEB) , ... January 21, 2017 , ... ... of its new medical office in Petaluma, located at 167 Lynch Creek Way. ... access to SRO sports medicine and rehabilitation services and on-site x-ray ...
(Date:1/20/2017)... ... 20, 2017 , ... Spectrum Aquatics Launches New ADA Portable Motion Trek BP 300 Lift. Built ... is mounted on wheels, it can be wheeled out of the way and stored when ... the deck. "We have transformed the feedback from customers into specific enhancements and created a ...
(Date:1/20/2017)... ... January 20, 2017 , ... Source Vitál Apothecary, a skin and body ... oils, announced the company had a successful visit to the 2017 ECRM Diet, Vitamin ... companies that work in the nutritional, sports and health industries a chance to meet ...
(Date:1/20/2017)... ... January 20, 2017 , ... Lice Troopers, the lice removal company ... with school-aged children since the holiday season. , “It happens every year around ... sharing hugs and taking photos, which is the head-to-head gateway that lice need to ...
(Date:1/20/2017)... ... January 20, 2017 , ... Michael and Betsy Brauser celebrated 5 years ... Betsy, the clinical trial has been life-saving as she has been on the ... Betsy Brauser was diagnosed with ovarian cancer in 2009. She underwent standard chemotherapy but ...
Breaking Medicine News(10 mins):
(Date:1/20/2017)... , January 20, 2017 Avillion LLP, ... appointment of Mark Weinberg , MD MBA as Chief Medical ... , USA . ... Dr Weinberg has spent more than 17 years ... 20" pharma companies to micro-cap biotech. Over the course of his ...
(Date:1/19/2017)... YORK , Jan. 19, 2017 Report ... Ophthalmic Devices Market? Which areas are going to grow ... potential revenues to 2026, assessing data, trends, opportunities and ... and graphs. Discover the most lucrative areas in the ... lets you assess forecasted sales across the all the ...
(Date:1/19/2017)... 2017 Conference Call and Webcast to Follow ... it will release results for the fourth quarter of 2016 on ... ... call at 4:30 PM ET on Wednesday, February 15, 2017, during ... financial results and other corporate activities. To participate in the conference ...
Breaking Medicine Technology: