Providence Service subsidiary to acquire Circulation
LogistiCare, a wholly-owned subsidiary of Providence Service, announced it entered into an agreement to acquire Circulation to advance the company's mission of reducing barriers to healthcare transportation for people that are often 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 ride scheduling and trip assignment by call centers, healthcare facilities, case managers, caregivers and members. Providence Service 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.