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Providence Service Corp (PRSC.OQ)

PRSC.OQ on NASDAQ Stock Exchange Global Select Market

44.23USD
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Volume
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Latest Key Developments (Source: Significant Developments)

Providence Service Q4 adjusted earnings per share $0.33
Thursday, 9 Mar 2017 04:15pm EST 

Providence Service Corp : Providence service corporation reports fourth quarter and full year 2016 results . Q4 adjusted earnings per share $0.33 . Q4 earnings per share $4.92 . Q4 revenue rose 3.4 percent to $386 million . Q4 earnings per share view $0.45 -- Thomson Reuters I/B/E/S .Q4 loss per share $1.77 from continuing operations.  Full Article

LOGISTICARE AND LYFT ANNOUNCE NATIONWIDE PARTNERSHIP
Tuesday, 7 Feb 2017 01:00pm EST 

LogistiCare: LOGISTICARE AND LYFT ANNOUNCE NATIONWIDE PARTNERSHIP . LOGISTICARE - THREE-YEAR NATIONWIDE PARTNERSHIP WITH LYFT .LOGISTICARE-PARTNERSHIP ALLOWS ELIGIBLE RIDERS TO REQUEST ON-DEMAND SERVICES PROVIDED BY LYFT THROUGH CO'S COMMERCIAL, STATE, MANAGED CARE ORGANIZATION CLIENTS.  Full Article

Providence Service Corp reports Q3 earnings per share $0.13 from continuing operations
Tuesday, 8 Nov 2016 05:25pm EST 

Providence Service Corp - : New $100 million share repurchase program is currently company's only outstanding repurchase program . Providence Service Corporation reports solid third quarter 2016 results and $100 million share repurchase program . Q3 adjusted non-gaap earnings per share $0.35 . Q3 revenue $412.5 million versus I/B/E/S view $417 million . Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S .Q3 earnings per share $0.13 from continuing operations.  Full Article

Providence Service Corp & Frazier Healthcare Partners announce strategic partnership in Matrix Medical Network
Monday, 29 Aug 2016 07:30am EDT 

Providence Service Corp : Providence Service Corporation and Frazier Healthcare Partners announce strategic partnership in Matrix Medical Network . Transaction values matrix at $537.5 million . Providence to receive gross cash proceeds of approximately $418 million . Following closing of transaction, Co will retain a 40% equity interest in matrix,have representatives on Matrix's board . Expects to recognize a pre-tax gain as a result of transaction in range of $125 million to $150 million in q4 of 2016 . Frazier will own a 60% equity interest in matrix medical network . Cash proceeds to co include term loan underwritten by SunTrust Robinson humphrey, Frazier's subscription for 60% equity interest .Intends to use a portion of cash proceeds to repay in full its term loan and swingline credit facilities.  Full Article

Providence Service Q2 adjusted non-gaap earnings per share $0.70
Monday, 1 Aug 2016 05:10pm EDT 

Providence Service Corp : Q2 adjusted non-gaap earnings per share $0.70 . Q2 earnings per share $0.21 from continuing operations . Providence service corporation reports second quarter 2016 results .Q2 revenue rose 7.7 percent to $450.6 million.  Full Article

Providence Service Corp announces share repurchase program
Monday, 9 Nov 2015 04:40pm EST 

Providence Service Corp:Board of Directors has approved a new stock repurchase program for up to $70.0 million of its common stock over the next 12 months.  Full Article

Providence Service Corp completes sale of Providence Human Services and Providence Community Services
Monday, 2 Nov 2015 08:30am EST 

Providence Service Corp:Completes its definitive agreement to sell all the outstanding ownership interests of Providence Human Services, LLC (PHS) and Providence Community Services, LLC (PCS), both wholly owned subsidiaries of The Providence Service Corporation, to Molina Healthcare, Inc.  Full Article

Providence Service Corporation named David Shackelton as the Co's CFO
Thursday, 1 Oct 2015 04:05pm EDT 

Providence Service Corporation:Named David Shackelton as the Company's new Chief Financial Officer, effective immediately.Shackelton has served as Interim Chief Financial Officer since August 2015 and succeeds James M. Lindstrom in this position.  Full Article

Providence Service Corporation declared a cash dividend on its 5.5%/8.5% Series A convertible preferred stock
Thursday, 3 Sep 2015 04:05pm EDT 

Providence Service Corporation:Declared a cash dividend on its 5.5%/8.5% Series A convertible preferred stock.Payable on October 1, 2015 to holders of record on September 15, 2015.The dividend will be paid at a rate of 5.5% per annum, which is equal to approximately $1.38630 per share of convertible preferred stock.  Full Article

Molina Healthcare Inc to Acquire Providence Service Corp's Providence Human Services and Providence Community Services
Thursday, 3 Sep 2015 09:04am EDT 

Molina Healthcare Inc and Providence Service Corp:Parties have entered into definitive agreement whereby Molina Healthcare will acquire all outstanding ownership interests of Providence Human Services, LLC (PHS) and Providence Community Services, LLC (PCS), both wholly owned subsidiaries of The Providence Service Corporation.Under terms of the acquisition agreement, Molina will pay Providence Service Corporation about $200 million upon closing of transaction.Molina intends to fund the transaction with available cash on its balance sheet.transaction is expected to close during fourth quarter of 2015, subject to regulatory approvals and the satisfaction of other closing conditions.Providence intends to use 50% of net cash proceeds from the transaction to prepay certain loans under its existing credit facility.Molina Healthcare's financial advisor is UBS Investment Bank and its legal advisor is Sheppard Mullin Richter & Hampton LLP.Providence Service Corporation's financial advisor is Moelis & Company LLC and its legal advisor is Paul Hastings LLP.  Full Article

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BRIEF-Providence Service Q4 adjusted earnings per share $0.33

* Providence service corporation reports fourth quarter and full year 2016 results