LogistiCare Enters into Agreement to Acquire Circulation, Inc.
Atlanta, Sept. 18, 2018 (GLOBE NEWSWIRE) -- LogistiCare, the nation’s largest non-emergency medical transportation (NEMT) broker, today announced it entered into an agreement to acquire Circulation, Inc. to advance the company’s mission of reducing barriers to healthcare transportation for people that are often frail and vulnerable.Circulation, a Boston-based logistics solution company, offers a suite of solutions to manage non-emergency transportation across all areas of healthcare. Its HIPPA compliant digital platform, and digitally integrated transportation network, enables automated administration of transportation benefits and simple ride scheduling and trip assignment by call centers, healthcare facilities, case managers, caregivers and members.“We are making a bold move to transform the industry,” said Jeff Felton, LogistiCare CEO. “Since our minority investment in Circulation more than a year ago, I have witnessed firsthand their outstanding, market proven technology and its ability to enhance the patient experience. By integrating and deploying Circulation’s technology platform across the scale of LogistiCare’s nationwide operations, we will be able to continue to reduce transportation obstacles so many face.”LogistiCare currently provides services in 41 states and manages more than 65 million trips for more than 24 million eligible Medicaid and Medicare members. Circulation serves a broader mix of payers and approximately 3,000 healthcare facilities across 45 states.“NEMT and healthcare logistics are a critical piece of overall healthcare delivery and consumption,” said Robin Heffernan, CEO and co-founder of Circulation. “We are passionate about improving access to healthcare and combining with LogisitCare will allow us to accelerate our impact. I look forward to working closely with the LogistiCare team to continue creating differentiated experiences for healthcare consumers.”LogistiCare’s parent company, The Providence Service Corporate (Providence) previously made a minority investment in Circulation in 2017. The shares of Circulation acquired by Providence will be cancelled, resulting in Circulation becoming a wholly-owned subsidiary of LogistiCare. The acquisition is expected to close within 30 days.
LogistiCare, a wholly-owned subsidiary of The Providence Service Corporation (NASDAQ: PRSC), is the nation’s largest manager of non-emergency medical transportation programs for state governments and managed care organizations. Its range of services includes call center management, networking credentialing, vendor payment management and non-emergency medical transport management. In 2017, the company maintained a 99 percent complaint-free service rate while managing over 65 million trips and more than 24 million eligible riders. For more information, visit www.logisticare.com.
Mike Rieman Cookerly for LogistiCare 404.419.9230 firstname.lastname@example.org