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Providence Service Corporation Provides The Center on Budget and Policy Priorities' Preliminary Analysis of Potential Medicaid Assistance for States in the House Economic Recovery Package
Date:1/26/2009

idence 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.

Forward-Looking Statements

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, uncertainties as to the timing and amount of any stimulus package 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, 200
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SOURCE Providence Service Corporation
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Related medicine news :

1. Providence Service Corporation Provides Update on Potential Medicaid
2. Providence Service Corporation Adopts Shareholder Rights Plan
3. Providence Service Corporation Retains UBS Investment Bank as its Financial Advisor in Connection With the Sale of Certain Non-Strategic Assets
4. Craig A. Norris Appointed to Providence Service Corporation Board of Directors
5. State of New Jersey Announces Intent to Award $50 Million Annual Transportation Contract to Providences LogistiCare Subsidiary
6. Providence Service Corporation Releases Third Quarter Results
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9. Providence Signs Agreement to Acquire Tarzana Hospital
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11. Providence Service Corporation Announces 187% Revenue Increase in First Quarter of 2008
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