LogistiCare Announces Leadership Transition
2019年6月24日 - 10:29PM
The Providence Service Corporation (“Providence”) (Nasdaq: PRSC)
and its subsidiary, LogistiCare Solutions, LLC (“LogistiCare”),
today announced that effective immediately R. Carter Pate will
serve as Interim Chief Executive Officer of LogistiCare. Mr.
Pate will continue his duties as Providence’s Interim CEO and
assumes the responsibilities of Jeff Felton, who has resigned as
CEO of LogistiCare effective immediately.
The merging of the CEO role is the culmination of Providence’s
consolidation into LogistiCare. The next permanent leader of
the combined organization will reflect the stream-lined strategic
and organizational direction of the Company.
Mr. Pate will remain as Interim CEO of Providence and
LogistiCare until December 31, 2019. Over the next six
months, Mr. Pate will work with Providence’s Board of Directors to
conduct a search internally and externally to identify a permanent
CEO for the combined business.
About R. Carter Pate
Carter Pate is the Founder and Chief Executive Officer of Carter
Pate, LLC, a consulting firm he founded in 2014. Since 2017
he has served as the Interim CEO of Providence Service Corporation
(NASDAQ: PRSC). From 2011 to 2014, Mr. Pate served as the Chief
Executive Officer of MV Transportation, Inc which is the largest
independent fixed route and paratransit company in the United
States. Prior to joining MV, he was a Partner at
PricewaterhouseCoopers, LLC from 1996 to 2011 when he retired as
the Global and U.S. Managing Partner for the Healthcare and
Government Contracting practice, and prior to that, he was the U.S.
Managing Partner, Advisory Line of Service and prior a Corporate
Restructuring Partner.
Mr. Pate is the Chairman of the Board of BioScrip, Inc. (Nasdaq:
BIOS) since 2015 and previously served as its board’s Audit
Committee chair. Mr. Pate was recently elected as an independent
director to RLH Corporation’s (NYSE: RLH) Board of Directors and is
a Director of Advanced Emissions Solutions, Inc. (Nasdaq: ADES)
since 2016 and serves as a member of the board’s Audit Committee.
Mr. Pate has a Master of Science in Accounting and Information
Management from the University of Texas at Dallas and holds various
financial certifications including being a Certified Public
Accountant in Texas.
About Providence
The Providence Service Corporation, through its fully-owned
subsidiary LogistiCare Solutions, LLC, is the nation's largest
manager of nonemergency medical transportation programs for state
governments and managed care organizations. Its range of
services includes call center management, network credentialing,
vendor payment management and non-emergency medical transport
management. The Company also holds a minority interest in
Matrix Medical Network which provides a broad array of assessment
and care management services to individuals that improve health
outcomes and health plan financial performance. For more
information, please visit prscholdings.com.
Forward Looking Statements
Certain statements contained in this press release constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on current expectations, assumptions,
estimates and projections about our business and our industry, and
are not guarantees of our future performance. These
statements are subject to 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 herein,
including factors disclosed in our annual report on Form 10-K and
subsequent filings with the Securities and Exchange Commission.
You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date the
statement was made. We undertake no obligation to update or
revise any forward-looking statements contained in this release,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
Investor Relations Contact
Bryan Wong – Investor Relations (404) 888-5902
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