News Report | October 12, 2020
Providence Service Corporation To Acquire Simplura Health Group For $575 Million To Expand Into Home Care Segment
On September 29, 2020, Providence Service Corporation (Providence), announced it entered into a definitive agreement to enter the home care segment by acquiring Simplura Health Group for $575 million from One Equity Partners. Simplura Health Group operates a large network of home health and personal care provider organizations. The all-cash transaction is slated to close during the fourth quarter of 2020. The acquisition will augment Providence’s wholly owned subsidiary LogistiCare Solutions, LLC, which provides non-emergency medical transportation (NEMT) services, and Providence’s minority interest in Matrix Medical Network, which provides assessment and care management services.
Simplura provides . . .