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Providence Service Corporation Releases Fourth Quarter and Audited Year End 2008 Results
Date:3/27/2009

2008 2007 Revenues: Home and community based services $67,068 $63,355 $258,003 $216,583 Foster care services 10,331 7,103 32,343 25,648 Management fees 4,012 5,340 20,217 20,069 Non-emergency transportation services 96,572 22,867 381,107 22,867 177,983 98,665 691,670 285,167 Operating expenses: Client service expense 70,456 59,313 253,652 204,021 Cost of non-emergency transportation services 91,414 19,570 356,271 19,570 General and administrative expense 16,441 9,091 48,412 30,875 Asset impairment charge 28,930 - 169,930 - Depreciation and amortization 3,062 1,787 12,722 4,989 Total operating expenses 210,303 89,761 840,987 259,455 Operating (loss) income (32,320) 8,904 (149,317) 25,712 Other (income) expense: Interest expense 4,668 2,259 19,578 3,071 Interest income (169) (492) (979) (1,470) (Loss) income before income taxes (36,819) 7,137 (167,916) 24,111 (Benefit) provision for income taxes (14,866) 2,842 (12,311) 9,722 Net (loss) income $(21,953) $4,295 $(155,605) $14,389 (Loss) earnings per share: Basic $(1.74) $0.35 $(12.42) $1.21 Diluted $(1.74) $0.35 $(12.42) $1.19 Weighted-average number of common shares outstanding: Basic 12,600,346 12,197,284 12,531,869 11,865,402 Diluted 12,600,346
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4. Providence Service Corporation Signs Definitive Agreement to Acquire LogistiCare, the Nations Leading Case Management Provider Coordinating Non-Emergency Transportation Services for the Medicaid Population
5. LogistiCare, a Subsidiary of Providence Service Corp., Opens Phoenix Call Center to Support Expanding Commercial Client Base
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8. Providence Service Corporation to Report Fourth Quarter 2007 Results on Wednesday, March 12th After the Market Closes
9. Providence Service Corporation and UnitedHealth Group Affiliate, OptumHealth Behavioral Solutions, Enter Into Strategic Relationship Agreement
10. Providence Service Corporation Announces Fourth Quarter 2007 Revenue and Earnings Above Forecast; Issues First Quarter 2008 Guidance
11. Providence Service Corporation Announces Intent to File a Common Stock Shelf Registration Statement
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