The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC) announced Thursday that on May 6, 2020, its subsidiary, LogistiCare Solutions, LLC (“LogistiCare”), acquired National MedTrans, LLC (“National MedTrans”), comprised of its ongoing contractual relationships to provide non-emergency medical transportation (“NEMT”), from Specialty Benefits, LLC. National MedTrans’ contractual relationships, which are primarily capitated, provide more than five million trips annually to approximately two million members on behalf of State Medicaid agencies and managed care organizations across twelve states. “This acquisition advances our relationship with several key payors and adds more than $200 million of estimated annual revenue to LogistiCare’s market-leading platform,” said Dan Greenleaf, President and CEO of The Providence Service Corporation and LogistiCare.
Read the full article: LogistiCare Announces Acquisition of National MedTrans //
Source: https://www.globenewswire.com/news-release/2020/05/07/2029238/0/en/LogistiCare-Announces-Acquisition-of-National-MedTrans.html