TUCSON, Ariz., Nov. 2, 2015 /PRNewswire/ -- The
Providence Service Corporation (Nasdaq: PRSC) today announced that
it has named Matthew K. Umscheid to
the newly created position of Senior Vice President of Strategic
Services. Umscheid will report to James Lindstrom, Providence's Chief Executive Officer, and will
support the Company's vertical CEOs to further develop superior
solutions for our clients.
James M. Lindstrom, CEO of
Providence, stated, "Matt brings
experience and expertise as a trusted advisor to CEOs on strategic
development, operational diligence and integration. More
specifically, his direct experience in the healthcare services
sector and his ability to forge robust and collaborative
relationships with leadership teams will enable him to contribute
to our value creation strategy and establish a roadmap for future
acquisitions and integrations by Providence and our verticals."
Matthew Umscheid, age 44, joins
Providence from Parthenon Capital
Partners, where most recently he was Director, Strategy and
Implementation. Mr. Umscheid led multiple value creation
projects within healthcare services, including portfolio company
strategy and operational improvement, carve outs, merger
integration and business intelligence. Umscheid has served on the
boards of Parthenon healthcare services companies as well as worked
as an advisor and board observer for multiple financial and
business services companies. Prior to 2007, Umscheid was
Manager and Consultant with L.E.K. Consulting. Umscheid has
an MBA from Tuck School of Business, Dartmouth
College and a BS in Civil Engineering from University of Notre Dame.
About The Providence Service Corporation
The
Providence Service Corporation provides and manages multiple
healthcare and social services, comprised of non-emergency
transportation services, workforce development services, legal
offender rehabilitation services, and health assessment services in
the United States and abroad. For
more information, please visit prscholdings.com.
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," "forecast,"
"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
the statement was made. Such forward-looking statements are based
on current expectations that involve a number of known and unknown
risks, uncertainties and other factors which may cause actual
events to be materially different from those expressed or implied
by such forward-looking statements. These factors include, but are
not limited to, our continuing relationship with government
entities and our ability to procure business from them, our ability
to manage growing and changing operations, the implementation of
the healthcare reform law, state budget changes and legislation and
other risks detailed in Providence's filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for
the fiscal year ended December 31,
2014 and subsequent filings. Providence is under no obligation to (and
expressly disclaims any such obligation to) update any of the
information in this press release if any forward-looking statement
later turns out to be inaccurate whether as a result of new
information, future events or otherwise.
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SOURCE The Providence Service Corporation