71
Providence Service (PRSC)
Tucson-based Providence Service Corp. is playing the outsourcing trend without leaving home. The company provides social services to poor folks on behalf of county governments in thirty-two states. Although Providence doesn't own any hospitals, group homes or treatment centers, the company's staff of 5,000, home-based social workers offer counseling to clients coping with challenges like drug addition, truancy and domestic violence. Founder and CEO Fletcher Jay McCusker previously ran a company that managed for-profit reform schools. Although Providence is largely dependent on cash-strapped local governments to meet its payroll, the formula seems to work: Providence's revenue doubled to $145 million over the past two years, while its profits shot from $2.6 million to $9.4 million.
Company Info |
|
| 2005 Rank | 47 |
| Market Value* ($ Millions) | 303.3 |
| Sales* ($ Millions) | 156.7 |
| Sales Growth (3-yr. avg. annual) |
52.8 % |
| Profits* ($ Millions) | 10.0 |
| Profit Growth (3-yr. avg. annual) | 88.7 % |
| Return on Inv. Capital (3-yr.) | 8.7 % |
| Share Price 12-Mo. Hi/Lo | 35/23 |
| Share Price As of 4/28/06 | 31 |
| Return on Equity | 11.8 % |
| P/E Ratio | 31 |
| No. of Employees | 4,930 |
| Industry | Health Care Services |
| CURRENT MARKET INFO | PRSC > |
| COMPANY WEB SITE > | |
| Location | Tucson |
| Phone | 520 747-6600 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Providence Service engages in the provision and management of government sponsored social services in the U.S. It provides home and community based counseling, foster care, and provider management services. The company's home and community based counseling services include the provision of counseling services relating to marital and family issues, depression, drug or alcohol abuse, domestic violence, hyperactivity, criminal or antisocial behavior, sexual misbehavior, school expulsion or chronic truancy, and other disruptive behaviors in the client's own home; substance abuse treatment counseling services in office and counseling centers; and school support services, such as teacher training, individual and group counseling, logical consequence training, anger management training, gang awareness, and drug and alcohol abuse prevention techniques. Providence Service provides foster care to children who have been removed from their homes due to physical or emotional abuse, abandonment, or the lack of appropriate living situations; tutoring and other services to the child and foster family; and therapeutic foster care services for children exhibiting serious emotional problems and who could otherwise require institutional treatment. The company also provides management services to not-for-profit organizations, which include administrative support, information technology, and accounting and payroll services; intake, assessment, and referral services; monitoring services; and case management. The Providence Service Corp. was founded in 1996 and is based in Tucson.
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