TUCSON, Ariz., Oct. 1, 2015 /PRNewswire/ -- The Providence
Service Corporation (Nasdaq: PRSC) today announced that it has
named David Shackelton as the
Company's new Chief Financial Officer, effective immediately.
Mr. Shackelton has served as Interim Chief Financial Officer since
August 2015 and succeeds James M. Lindstrom in this position.
David Shackelton, age 30, joined
Providence in February 2014 as Head of Corporate Development
and was subsequently appointed Interim Chief Financial
Officer. In addition to sourcing and leading due diligence on
acquisitions, he has supported capital market activities,
integration planning and execution, strategy development, and
financial planning and analysis. Prior to joining
Providence, he was a private
equity investment professional at Mill Road Capital and The
Blackstone Group. Mr. Shackelton has a BA in Economics from
Yale University and a MBA from Stanford
Graduate School of Business.
"David's contributions as Head of Corporate Development since
2014, his commitment to Providence's core values and his exemplary
leadership make him a model chief financial officer," commented
James Lindstrom, Providence's Chief Executive Officer.
"In addition, his acquisition experience and partnerships with our
vertical leadership teams will enable him to have even more of an
impact on creating value for our clients, associates and
shareholders."
About The Providence Service Corporation
The
Providence Service Corporation, and our approximately 14,000
employees, provides and manages multiple healthcare and social
services, comprised of non-emergency transportation services, human
services, workforce development services, and health assessment
services in the United States and
abroad. For more information, please visit provcorp.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