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ModivCare Inc. - $MODV STOCK NEWS

Welcome to our dedicated page for ModivCare news (Ticker: $MODV), a resource for investors and traders seeking the latest updates and insights on ModivCare stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ModivCare's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ModivCare's position in the market.

News
Modivcare Reports First Quarter 2024 Financial Results; Maintains Guidance
Rhea-AI Summary

Modivcare Inc. (MODV) reported Q1 2024 financial results with service revenue of $684.5 million, a 3.3% increase from Q1 2023. The company had a net loss of $22.3 million and adjusted EBITDA of $32.1 million. They won $171.2 million in NEMT total contract value in Q1 2024. The CEO is optimistic about achieving a run-rate adjusted EBITDA of $220-230 million by Q4 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.84%
Tags
earnings
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News
Modivcare to Report First Quarter 2024 Financial Results
Rhea-AI Summary
Modivcare Inc. (MODV) to report financial results for Q1 2024 on May 2, 2024. Conference call scheduled on May 3, 2024, to discuss results. Webcast available for interested parties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.76%
Tags
conferences earnings
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News
Modivcare’s NEMT Mobility App for Members Sets Best-in-Class Rankings and User Adoption, Pioneers New Advancements
Rhea-AI Summary
Modivcare Inc. (MODV) announced significant advancements in its digital mobility member application, solidifying its position as the industry leader in Non-Emergency Medical Transportation (NEMT) services. With over 140,000 new users in the last year and a 4.5+ rating on app stores, Modivcare's app offers a seamless experience for members and caregivers, with 5,000+ new member weekly downloads.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
none
News
Modivcare Reports Fourth Quarter and Full Year 2023 Financial Results; Issues 2024 Guidance
Rhea-AI Summary
Modivcare Inc. (MODV) reported its financial results for the fourth quarter and full year of 2023, showing positive growth in service revenue and adjusted EBITDA. The company also won significant new contracts in the NEMT sector, although it faced a net loss and negative free cash flow for the period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-39.32%
Tags
earnings
-
News
Modivcare and Jobs & Hope West Virginia Partnership Transforms Lives Across the State
Rhea-AI Summary
Modivcare Inc. (MODV) announces a partnership with Governor Jim Justice’s Jobs & Hope West Virginia to provide transportation services, leading to positive outcomes for West Virginians. The collaboration has resulted in over 120,000 trip legs covering 2.2 million miles, graduation of 495 participants, and employment of 5,124 individuals with an average salary of $33,398. The partnership aims to break down transportation barriers, offer incentives for substance use treatment, and help individuals gain access to treatment, employment, counseling, and educational programs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.73%
Tags
partnership
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News
URMC Announces First-of-its-Kind Alliance to Expand Health Care Access to Rural Communities
Rhea-AI Summary
The University of Rochester Medical Center partners with Five Star Bank to provide telemedicine stations at bank branches in rural communities. The initiative aims to improve health care access and wellness outcomes in Upstate New York. The partners include Financial Institutions, Inc. (NASDAQ: FISI), Higi, Modivcare (NASDAQ: MODV), DexCare, Inc., and Verizon Business. The initiative is the first of its kind, bringing together a health system and a financial institution to provide telemedicine-equipped health stations to rural communities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.72%
Tags
none
News
Modivcare to Report Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Modivcare Inc. is set to report its financial results for the fourth quarter and full year ended December 31, 2023, on February 22, 2024. The company will host a conference call on February 23, 2024, to discuss the financial results. Interested parties can access the live webcast via the company's website and a replay will be available approximately one hour after the call concludes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.31%
Tags
conferences earnings
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News
Modivcare Appoints New Chief Commercial Officer and Chief Strategy and Innovation Officer
Rhea-AI Summary
Modivcare Inc. (Nasdaq: MODV) announced the appointment of Jeff Bennett as Chief Strategy and Innovation Officer and Seth Ravine as Chief Commercial Officer, effective December 2023. The company aims to provide innovative and cohesive healthcare solutions with a focus on improving health outcomes. Jeff Bennett brings nearly 30 years of experience and a proven track record of success to the team, while Seth Ravine will play a key role in advancing Modivcare's strategic expansion to reach crucial markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
Tags
management
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News
Modivcare to Present at the 42nd Annual J.P. Morgan Healthcare Conference
Rhea-AI Summary
Modivcare Inc. (MODV) to present at the 42nd Annual J.P. Morgan Healthcare Conference, offering a platform of integrated supportive care solutions to improve health outcomes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
conferences
News
Modivcare to Present at Upcoming Investor Conferences
Rhea-AI Summary
Modivcare Inc. (Nasdaq: MODV) announced that its President and CEO, Heath Sampson, and other members of the management team will be attending several investor conferences in the coming weeks. These conferences include the Stephens Annual Investment Conference, BofA Securities Leveraged Finance Conference, and BofA Home Care Conference. The company will be participating in fireside chat presentations, hosting investor meetings, and providing live webcasts for each conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
conferences
Stock MODV logo
ModivCare Inc.

Nasdaq:MODV

MODV Rankings

#3250 Ranked by Market Cap
#4885 Ranked by Stock Gains
N/A Ranked by Dividends

MODV Stock Data

373.46M
11.05M
1.91%
106.04%
9.04%
Other Individual and Family Services
Health Care and Social Assistance
Link
United States of America
DENVER

About MODV

modivcare is a healthcare services leader. our company was created to address the social determinants of health (sdoh) by providing non-emergency medical transportation (nemt), personal care, nutritious meals, and remote patient monitoring. we provide integrated technologies that support care solutions for payors and their members – leading to greater access to care, reduced costs, and improved outcomes.