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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

capital firm with offices in Boston, Palo Alto, and London. Founded in 1984, the firm has raised nearly $9 billion in capital in its private equity, venture capital, and subordinated debt funds. Summit Partners has provided growth equity, recapitalization, and management buyout financing to more than 290 companies, which have completed nearly 125 public offerings and in excess of 105 strategic mergers or sales. Summit Partners seeks to work with outstanding management teams that have self-financed their companies to profitability and market leadership.

About AlpInvest Partners N.V.

AlpInvest Partners is one of the largest private equity investors in the world with approximately EUR 40 billion of assets under management. Approximately 80% of these funds are invested by AlpInvest Partners in private equity funds globally through primary commitments and secondary transactions, with the remainder invested directly in companies as a co-investor in Europe, the United States and Asia. AlpInvest Partners has over 60 investment professionals based in Amsterdam, London, New York and Hong Kong. Its shareholders are ABP and PGGM, two of the largest pension funds in the world, with respectively EUR 215 billion and EUR 85 billion of assets under management (as per June 2007). To learn more about AlpInvest Partners visit http://www.alpinvest.com

About Providence

Providence Service Corporation, through its owned and managed entities, provides home and community based social services to government sponsored clients under programs such as welfare, juvenile justice, Medicaid and corrections. Providence operates no beds, treatment facilities, hospitals, or group homes preferring to provide services in the client's own home or other community setting. Through its owned and managed entities, Providence maintains 773 government contracts in 35 states and the District of Columbia as of September 30, 2007.

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