Navigation Links
Providence Service Corporation Signs Definitive Agreement to Acquire LogistiCare, the Nation's Leading Case Management Provider Coordinating Non-Emergency Transportation Services for the Medicaid Population
Date:11/6/2007

who meet certain criteria are entitled to free transportation to covered medical services. Current spending on Medicaid NET services is approximately $2.8 billion annually and spending is projected to increase by 10% per year.

Morgan Stanley and CIT Capital Securities LLC served as co-advisors to Providence on the transaction. RBC Capital Markets acted as Sole Placement Agent for the senior unsecured convertible notes.

Guidance

Providence is expected to segment report the NET division, currently estimated to generate $363 million of revenue, creating approximately an additional $0.06 to $0.10 of earnings per share. This is based on a revised share count of 14,800,000 after considering the convertible shares as converted and canceling over approximately 430,000 of LogistiCare management options in exchange for Providence common stock. Combined EPS for 2008 is estimated at $1.45 to $1.50 compared to guidance of $1.38 to $1.40 without LogistiCare. Including the acquisition of LogistiCare, the combined company is estimated to have revenue of approximately $673 million in 2008. The acquisition is not expected to materially impact current 2007 EPS guidance of $1.17-1.19. Providence will provide quarterly guidance early in 2008 after the January contracting cycle.

Conference Call

Providence will hold a conference call to discuss the acquisition and its third quarter earnings at 11:00 a.m. EST (9:00 a.m. Arizona and MST, 8:00 a.m. PST) on Wednesday, November 7, 2007. Interested parties are invited to listen to the call live over the Internet at http://investor.provcorp.com or http://www.earnings.com. The call is also available by dialing (866) 356- 3377, or for international callers (617) 597-5392 and by using the passcode 31969599. A replay of the teleconference will be available on h
'/>"/>

SOURCE Providence Service Corporation
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7

Related medicine news :

1. Providence St. Joseph Medical Center, Caregivers Reach Agreement on a Union Contract
2. Providence Service Corporation Announces 35% Revenue Growth with Third Quarter Results; Increases Revenue Guidance for 2007
3. Providence Service Corporation Completes Private Placement of $70 Million of Convertible Senior Subordinated Notes
4. Lutheran Senior Services Partners with Silverchair Learning Systems to Enhance Employee Training and Education
5. GAO Report Confirms: Medicare Underpays for Anesthesia Services; Nurse Anesthetists Assure Seniors Access to Safe Anesthesia Care
6. Therap Services Continues to Hire Experienced Developmental Disability Industry Clinicians for its Customer Support Team
7. Tata Consultancy Services to Support Roches Global Capacity Building Initiative
8. Creative Technology Services Enhances its Global Competitiveness with Additional Regulatory Certifications
9. Medical Services International Maintains Pace in Second Quarter
10. Area Health Care Providers Announce Plans to Integrate Services
11. Crdentia Selected by High Rock Raceway to Provide Healthcare Staffing Services
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/13/2014)... Advanced boilers are preferred over ... of fossil fuels, produce high-capacity power, emit fewer ... global warming and climate change concerns, many countries ... gas emissions and pollutants coming from fossilfuel-based power ... global advance boilers market., The global power rental ...
(Date:7/13/2014)... 2014 MarketsandMarkets recently conducted a ... 3D Scanning; 3D rendering; Layout and Animation; Image ... - 2018)”, which analyzes and studies the major ... Western Europe, Eastern Europe, Middle East and Africa, ... the competitive landscape of the 3D imaging market, ...
(Date:7/13/2014)... Houston, TX (PRWEB) July 13, 2014 The ... for children ranging in age from four months to 12 ... skills and karate classes to birthday parties and Summer Camps, ... the Little Gym of Pearland after spending over ... variety of roles, including Gym Director. , Berry has ...
(Date:7/13/2014)... Recently, 2014QuinceaneraDresses.com, the distinguished special ... new range of gorgeous Quinceanera dresses . ... for elegant Quinceanera outfits is huge. Therefore, 2014QuinceaneraDresses.com ... the company’s newly released dresses are made according ... elegant and vivid. , It is worthy ...
(Date:7/13/2014)... July 13, 2014 Fadhits.com is popular ... prom dresses are extremely beautiful. Recently, the company has ... for 2014. What’s more, all these outfits are ... off). , Additionally, the supplier is now offering ... elegant Quinceanera dresses, it has many other designs for ...
Breaking Medicine News(10 mins):Health News:North America Advanced Boilers Market is Expected to Reach $518.7billion by 2019 - New Report by MicroMarket Monitor 2Health News:North America Advanced Boilers Market is Expected to Reach $518.7billion by 2019 - New Report by MicroMarket Monitor 3Health News:3D Imaging Market Worth $9.82 Billion By 2018 - Report by MarketsandMarkets 2Health News:3D Imaging Market Worth $9.82 Billion By 2018 - Report by MarketsandMarkets 3Health News:3D Imaging Market Worth $9.82 Billion By 2018 - Report by MarketsandMarkets 4Health News:The Little Gym of Pearland, TX Now Under New Ownership and Management 2Health News:2014QuinceaneraDresses.com Releases Its New Quinceanera Dresses 2Health News:Fadhits.com Announces a Special Offer on Elegant Quinceanera Dresses 2
... with Roche announcing that its new drug showed positive ... to its key study. Drug maker Roche Holding ... in Europe and the U.S. later this year. ... Co. (4519.TO), which is controlled by Roche. Roche owns ...
... to the Church of England for featuring a prominent British ... the church said Friday. ,The Japanese firm had ... they had not intended to cause offence by using the ... he added. ,"If we have done so, ...
... American socialite and an heiress to a share of the ... for violating// her own probation for a previous offence by ... Angeles Superior Court Judge Michael Sauer rejected Hilton's defense that ... 26-year-old socialite to report to a county detention facility on ...
... star Ben Cousins broke his silence for the first time. Since ... has indeed a problem of substance abuse. ,He revealed ... the past months. He was being treated for a number of ... did not disclose the name of the drug that he had ...
... untreated medical waste dumped in landfills, is emerging from ... Just days from when a significant// amount of hazardous ... fourth catch from another hospital- Los Gatos Surgical Center, was ... Guadalupe landfill during a routine check of regular trash delivered ...
... of Johnstown, Pennsylvania, is recalling half-gallon packages of Galliker's ... milk. Under-processed milk may be unsafe. It has not ... tests on the raw milk itself to determine the ... that it is free of infectious organisms. Only products ...
Cached Medicine News:Health News:New Drug for Rheumatoid Arthritis Looks Promising. 2Health News:Cousins Recovering from His Substance Abuse Problem 2Health News:Hazardous Medical Waste Discovered Again In San Jose 2
(Date:7/11/2014)... 11, 2014  Rock Creek Pharmaceuticals, Inc. (NASDAQ: ... that the Food and Drug Administration ("FDA"), has notified ... RCP,s Investigational New Drug ("IND") application before granting the ... US. Dr. Chris Chapman , RCP,s ... on our IND. When we receive the agency,s official ...
(Date:7/11/2014)... July 11, 2014  Kindred Hospital Houston Northwest, ... the opening of its new outpatient wound healing ... to people with chronic, hard to heal wounds. ... lead to amputation, lower leg wounds related to ... closure, and traumatic injury wounds which are complex ...
(Date:7/11/2014)... , July 11, 2014 Research and ... of the "Immunoprotein Diagnostic Testing Market - ... highest CAGR of 6% and is expected to ... to their offering. ... diagnostic testing has been segmented according to immunoprotein ...
Breaking Medicine Technology:Rock Creek Pharmaceuticals Issues Update On US Investigational New Drug Application 2Kindred Hospital Houston Northwest, With Wound Care Specialists, Opens Outpatient Wound Healing And Hyperbaric Center 2Immunoprotein Diagnostic Testing Market - Forecasts to 2019: Expected to grow at the highest CAGR of 6% and is expected to be valued at USD 4,943.0 million 2
... . , April 30 A new study, presented at ... , found that Breast-Specific Gamma Imaging (BSGI) is highly accurate in monitoring ... , , ... has been proven in several other studies to improve breast cancer detection ...
... April 29 Warner Chilcott plc (Nasdaq: WCRX ) announced ... market opening on Friday, May 7, 2010 . , ... In addition to issuing a press release, the Company will host a ... 8:00 AM (Eastern Time) to review the results. To participate in the ...
Cached Medicine Technology:BSGI Offers Clear View of Breast Tumor Response to Neoadjuvant Chemotherapy 2Warner Chilcott Announces Earnings Release Date and Conference Call For First Quarter 2010 Financial Results 2
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
Medicine Products: