left-caret

NEWS

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. 

M&A partner Barry Brooks led the Paul Hastings team, which also included Leveraged Finance partner Michael Chernick, Securities partner Elizabeth Noe, Tax partner Joseph Opich, of counsel Darcy White and associate Hannah Kang

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 WH Group on its $7.1 billion acquisition of Smithfield Foods in the largest-ever acquisition of a U.S. company by a Chinese firm, Dole Chairman & CEO David H. Murdock on his $1.6 billion acquisition of Dole Foods, marking the first time in history a company has been taken private twice by the same person, and Gannett Co. Inc., an international media and marketing solutions company, in connection with its acquisition of Belo Corp., a leading broadcast television company with twenty network-affiliated stations, and a related restructuring of Belo broadcast station assets.  

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.

Practice Areas

Mergers and Acquisitions

Tax

Corporate

Private Equity

Global Finance

Securities and Capital Markets

Leveraged & Syndicated Lending


SIGN UP FOR NEWS INSIGHTS

MEDIA CONTACTS

Corporate, Litigation, Real Estate, Intellectual Property, Life Sciences, and Employment

Becca Hatton

Paris

Katy Foster

Europe

Miranda Ward

Submission Requests

Firmwide Inquiries

Elliott Frieder