Effective the Company completed the Matrix Transaction. At the Closing, (i) cash consideration of was paid by the Subscriber to Matrix based upon an enterprise value of and (ii) Matrix borrowed approximately pursuant to a credit and guaranty agreement providing for term loans in an aggregate principal amount of and revolving loan commitments in an aggregate principal amount not to exceed which was not drawn at the Closing. At the Closing, Matrix distributed to Providence, in full satisfaction of a promissory note and accumulated interest between Matrix and Providence. At the Closing, Providence made a capital contribution to Matrix, as described in the Subscription Agreement, as amended, based upon its pro-rata ownership of Matrix, to fund the near-term cash needs of Matrix. On the day that was days following the Closing Date, Providence was,

to the extent payable pursuant to the terms of the Subscription Agreement, as amended, entitled to receive from Matrix, or required to pay to Matrix, subsequent working capital adjustment payments. Providence received an initial payment of from Matrix in which is net of the capital contribution of described above, based upon the initial working capital calculation as described in the Subscription Agreement. Additionally, in the Company received a payment from Matrix representing the final working capital adjustment payment.

In accordance with ASC - , a component of an entity is reported in discontinued operations after meeting the criteria for held for sale classification if the disposition represents a strategic shift that has (or will have) a major effect on the entity's operations and financial results. The Company analyzed the quantitative and qualitative factors relevant to the Matrix stock subscription transaction resulting in the Company no longer owning a controlling interest in Matrix, and determined that those held for sale conditions for discontinued operations presentation were met during the quarter of As such, the historical financial results of Matrix, the Company’s historical HA Services segment, and the related income tax effects have been presented as discontinued operations for all periods presented in the accompanying consolidated financial statements through

The Company has continuing involvement with Matrix through its retention of of the equity interests in Matrix, as well as through a management consulting agreement, not to exceed years. Prior to the Matrix Transaction, the Company owned of the equity interest in Matrix. Subsequent to the Matrix Transaction, the Company accounts for its investment in Matrix under the equity method of accounting. The Company’s share of Matrix’s losses subsequent to the Matrix Transaction, which totaled is recorded as “Equity in net loss of investees” in its consolidated statement of income for the year ended Matrix’s pretax loss for the period of through totaled and includes of transaction related expenses. There have been no cash inflows or outflows from or to Matrix subsequent to the closing of the Matrix Transaction, other than the working capital adjustments discussed above, however the Company will receive management fees associated with its ongoing relationship with Matrix, of which is included in “Other receivables” in the consolidated balance sheet at

On the Company entered into a Purchase Agreement, pursuant to which the Company agreed to sell all of the membership interests in Providence Human Services, LLC and Providence Community Services, LLC, comprising the Company’s Human Services segment, in exchange for cash proceeds of approximately prior to adjustments for estimated working capital, certain seller transaction costs, debt assumed by the buyer, and a cash payment received for the Providence Human Services cash and cash equivalents on hand at closing. The net proceeds were although is held in an indemnity escrow and recorded within “Prepaid expenses and other” in the consolidated balance sheet at Proceeds include a customary working capital adjustment of During the year ended the Company recorded additional expenses related to the Human Services segment, principally related to legal proceedings as described in Note , related to an indemnified legal matter.

The following table summarizes the results of operations classified as discontinued operations, net of tax, for the years ended and The HA Services segment column in the table below for the year ended reflects the financial results for HA Services from through The HA Services segment column in the table below for the year ended reflects the financial results for HA Services from through

The Company allocated interest expense, including amortization of deferred financing fees, to discontinued operations based on the portion of the debt that was required to be paid with the proceeds from the sale of the Human Services segment and the Matrix Transaction. The total allocated interest expense is included in “Interest expense, net” in the tables above. The total allocated interest expense for the years ended and is as follows:

The following table summarizes the carrying amounts of the major classes of assets and liabilities held for sale in the consolidated balance sheet as of