Providence Service completed the acquisition of Simplura Health Group from for $575m.

Providence Service, a manager of non-emergency medical transportation, completed the acquisition of Simplura Health Group, which operates a large network of home health and personal care agencies across seven states, from for $575m. "With our agreement to acquire Simplura Health Group, we are fulfilling one of the key pillars of our operational strategy: transformational growth. Simplura brings us a complementary higher-margin business in non-medical personal care—a large, rapidly growing sector of healthcare that dovetails well with non-emergency medical transportation. This combination unifies two social-determinants-of-health pioneers that share a common mission, that provide value-based care and solutions to similar vulnerable patient populations, and that partner with many of the same payor groups. Financially, we expect this transaction to be immediately accretive to our adjusted earnings per share and project a short payback period due to Simplura’s attractive cash flow profile," Daniel E. Greenleaf, Providence President and CEO.