ModivCare Inc.
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ROIC.AI
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- ModivCare Inc. ModivCare Inc. (Nasdaq: MODV) operates as a technology-enabled healthcare services company that provides integrated supportive care solutions, including non-emergency medical transportation (NEMT), personal care services, remote patient monitoring, and related offerings such as chronic care management and in-home assistance with activities of daily living; these services target vulnerable populations, primarily Medicaid and Medicare beneficiaries, elderly individuals, disabled adults, and high-need patients served through contracts with managed care organizations, state agencies, health plans, and commercial payers across 38 states in the United States. The company manages a national network of third-party transportation providers, caregivers, and technology platforms for scheduling, logistics, route optimization, provider credentialing, claims management, and billing, facilitating over 75 million trips annually with a 98% on-time completion rate, alongside remote monitoring of vital signs for chronic conditions and personal care encompassing bathing, grooming, meal preparation, medication reminders, housekeeping, and ambulation support. Founded in 1996 as Providence Service Corporation in Tucson, Arizona, ModivCare rebranded in 2021 to unify its NEMT, personal care, and monitoring segments under a cohesive platform addressing social determinants of health, enhancing access to care, reducing emergency room utilization by 40-60% for high-risk members, and lowering per-member-per-month costs. Recent developments include securing $105 million in incremental financing in January 2025 via a $75 million term loan and stakeholder support to bolster growth and liquidity; appointing Chad Shandler as Chief Transformation Officer in early 2025 to drive operational enhancements; entering a comprehensive restructuring agreement as of July 2025 to reduce debt and inject capital; and ongoing integration of prior acquisitions like LogistiCare in 2017, Simplura Health Group in 2020, and WellRyde technology in 2023, following the 2022 divestiture of Matrix Medical Network for $1.35 billion to sharpen focus on core NEMT and personal care operations amid 2024 revenue of approximately $2.6-2.7 billion.
Modivcare Appoints Alessandra Melloni as Senior Vice President, General Counsel and Corporate Secretary
Modivcare Successfully Completes Financial Restructuring, Reducing Debt by More Than 85%
Modivcare Announces Confirmation of Restructuring Plan
ChatGPT picks 2 penny stocks to buy in Q4 2025
Modivcare Receives Nasdaq Delisting Notice Following Chapter 11 Filing
Modivcare Enters into Comprehensive Restructuring Agreement to Strengthen its Future, Reduce Debt and Inject Capital
MODIVCARE ALERT: Bragar Eagel & Squire, P.C. Continues Investigating ModivCare, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
Modivcare Regains Compliance with Nasdaq Continued Listing Standard
Modivcare Celebrates Over a Decade of Serving Suffolk Community Member
ModivCare, Inc. (MODV) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Shareholders to Contact the Firm to Learn More About the Investigation
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against ModivCare, Inc. (MODV) And Encourages Stockholders to Reach Out
Bronstein, Gewirtz & Grossman, LLC Is Investigating ModivCare, Inc. (MODV) And Encourages Stockholders to Connect
Kuehn Law Encourages Investors of ModivCare, Inc. to Contact Law Firm
ModivCare, Inc. (MODV) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Stockholders to Contact the Firm to Learn More About the Investigation
Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against ModivCare, Inc. (MODV) and Encourages Stockholders to Learn More About the Investigation
Bronstein, Gewirtz & Grossman, LLC Encourages ModivCare, Inc. (MODV) Investors to Inquire about Securities Investigation
Modivcare Recognizes DAB Transport for Compassionate Care and Commitment to Community Health
Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against ModivCare, Inc. (MODV) and Encourages Shareholders to Learn More About the Investigation
ModivCare, Inc. (MODV) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation
Bronstein, Gewirtz & Grossman, LLC Encourages ModivCare, Inc. (MODV) Shareholders to Inquire about Securities Investigation