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The Providence Service Corporation Announces Credit Agreement Amendment With Its Lender Syndicate
Date:3/11/2009

effort to facilitate a full year of anticipated covenant coverage without regard to any potential debt payments related to the possible sale of assets. Providence was represented by Skadden, Arps, Slate, Meagher & Flom LLP as special credit counsel.

The summary of certain terms of the Amendment in this press release is a summary of the final Amendment and is qualified by reference to the full text of the Amendment which the Company intends to file promptly with the Securities and Exchange Commission.

About Providence

Providence Service Corporation, through its owned and managed entities, provides home and community based social services and non-emergency transportation services management to government sponsored clients under programs such as welfare, juvenile justice, Medicaid and corrections. Providence 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
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SOURCE Providence Service Corporation
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