Providence Service Corporation Appoints Jeff Felton as Chief Executive Officer of LogistiCare
July 07 2017 - 8:00AM
The Providence Service Corporation (“Providence”) (Nasdaq:PRSC) and
its subsidiary, LogistiCare Solutions, LLC (“LogistiCare”), today
announced the appointment of Jeff Felton as LogistiCare’s Chief
Executive Officer, effective July 10, 2017.
Mr. Felton, age 55, has more than 30 years of
experience in the healthcare services and healthcare technology
industries. He most recently served as President of McKesson
Connected Care and Analytics where he was responsible for multiple
business units within McKesson Technology Solutions including
RelayHealth, Strategic Intelligence, Extended Care Solutions,
Capacity Management and Population and Risk Management. Prior
to working at McKesson, Mr. Felton worked at Cardinal Health,
Baxter Healthcare and Procter and Gamble. Mr. Felton has a BS
in Biology and a BA in Economics from the University of
Cincinnati, and an MBA from the Kellogg School of Management
at Northwestern University.
“After a thorough search, we are excited to
welcome Jeff to the LogistiCare team. Jeff is a seasoned
executive with a deep knowledge of network-based,
technology-enabled businesses in healthcare services,” said James
Lindstrom, Chief Executive Officer of Providence. “We look
forward to his contributions and leadership as we continue to grow
LogistiCare and expand our mobility management offerings.”
Mr. Felton added, “I am thrilled to join the
LogistiCare team, as they have built a leading business in
healthcare transportation management that helps enable healthcare
access for those that need it most.”
The CEO search was conducted by Heidrick &
Struggles, a worldwide executive search firm specializing in chief
executive and senior level assignments.
About Providence
The Providence Service Corporation is a holding
company which owns interests in subsidiaries and other companies
that are primarily engaged in the provision of healthcare and
workforce development services for public and private sector
entities seeking to control costs and promote positive
outcomes. 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 healthcare reform law,
government budget changes and legislation related to the services
that we provide, our ability to renew or replace existing contracts
that have expired or are scheduled to expire with significant
clients, and other risks detailed in Providence’s filings with the
Securities and Exchange Commission, including its Annual Report on
Form 10-K. 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.
Investor Relations Contact
David Shackelton – Chief Financial Officer
(203) 307-2800
Providence Service (NASDAQ:PRSC)
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