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WCAS sells Matrix to Providence Service Corp. for $400 mln

Providence Service Corp. has completed its acquisition of Matrix Medical Network from Welsh, Carson, Anderson & Stowe for $400 million. Based in Scottsdale, Arizona, Matrix is a provider of in-home health assessments and care management solutions.

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Providence Service Corp to acquire PE-backed Matrix Medical for $400 mln

Providence Service Corp has agreed to buy Matrix Medical Network, a portfolio company of Welsh, Carson, Anderson & Stowe, for $400 million. Ropes & Gray advised Welsh, Carson, Anderson & Stowe and Matrix Medical Network on the transaction. Based in Scottsdale, Arizona, Matrix is a provider of in-home health assessments and care management solutions.

PE-Backed Matrix Medical Acquires Ascender

Matrix Medical Network, an 11-year-old,  Scottsdale, Ariz.-based company that provides high-risk member management services to health plans and medical groups, has acquired Ascender, a San Diego-based company that makes a healthcare analytics suite of software products. The terms of the all-cash deal were not disclosed. PRESS RELEASE: SCOTTSDALE, Ariz., Aug 27, 2012 (BUSINESS WIRE) — […]

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