ModivCare Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- L. Heath Sampson
- Full Time Employees
- 23,675
- Sector
- Healthcare
- Industry
- Medical - Care Facilities
- Address
- 6900 Layton Avenue Denver CO United States of America 80237
- IPO Date
- Aug 20, 2003
- CIK
- 0001220754
- Website
- modivcare.com
- Similar Companies
- Business
- ModivCare Inc. (MODVQ) operates as a technology-enabled healthcare services company that provides integrated supportive care solutions, including non-emergency medical transportation (NEMT), personal care services (PCS), remote patient monitoring (RPM), nutritional meal delivery, and chronic care management, primarily serving Medicaid and Medicare members, public and private payers, health systems, hospitals, and universities across 48 states in the United States. Founded in 1996 as Providence Service Corporation in Tucson, Arizona, by Fletcher McCusker, the company went public in 2003, acquired LogistiCare in 2017 to become the largest NEMT broker, purchased Simplura Health Group in 2020 to expand PCS, rebranded to ModivCare in 2021, and divested Matrix Medical Network in 2022 for $1.35 billion to focus on core segments; it is headquartered in Denver, Colorado. In recent developments, ModivCare secured $105 million in incremental financing in January 2025 backed by stakeholders including Coliseum Capital Management, which involved issuing second lien senior secured PIK toggle notes due 2029 and appointing Chad Shandler as Chief Transformation Officer; finalized debt exchanges in March 2025; entered a comprehensive restructuring support agreement in August 2025 with over 90% first-lien and 70% second-lien lender support for $100 million in debtor-in-possession financing; and filed for Chapter 11 bankruptcy on August 20, 2025, in the U.S. Bankruptcy Court for the Southern District of Texas (case 25-90309) to reduce funded debt by approximately $1.1 billion from $1.4 billion, with operations continuing uninterrupted and emergence targeted for early Q4 2025, following Nasdaq delisting and amid pressures from Medicaid funding cuts, labor inflation, and acquisition-related leverage.
Stone House Investment Management, LLC Sells 1,390 Shares of ModivCare Inc (MODVQ)
Modivcare Successfully Completes Financial Restructuring, Reducing Debt by More Than 85%
Modivcare Announces Confirmation of Restructuring Plan
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
Kuehn Law Encourages Investors of ModivCare, Inc. to Contact Law Firm