Paul Hastings Represents The Providence Service Corporation in Purchase of Matrix
September 18, 2014
New York, NY- Paul Hastings LLP, a leading global law firm, announced today that the firm represented The Providence Service Corporation (Nasdaq: PRSC), in an agreement to acquire CCHN Group Holdings, Inc. (“Matrix Medical Network” or “Matrix”) for an aggregate purchase price of $400 million.
The Providence Service Corporation is a leader in the management and provision of human social services, innovative global employment services and non-emergency transportation through a variety of government-sponsored programs.
Matrix is a Scottsdale, Arizona provider of in-home health assessment and care management services and a portfolio company of Welsh, Carson, Anderson & Stowe (“Welsh Carson”).
Providence has received financing commitments from Bank of America Merrill Lynch, RBC Capital Markets, and SunTrust Robinson Humphrey to fund the cash portion of the purchase price. The firm is also representing Providence in connection with the financing.
Our Global M&A practice has led some of the most high-profile crossborder and domestic mergers and acquisitions in recent years such as advising
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.