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.
Modivcare Inc. (MODV) provides technology-driven healthcare solutions focused on non-emergency medical transportation, personal care services, and remote patient monitoring. This page serves as the definitive source for all official company announcements and relevant third-party analyses.
Investors and industry observers will find curated updates including earnings reports, strategic partnerships, and service expansion initiatives. Our aggregation ensures efficient tracking of Modivcare's progress in addressing healthcare accessibility through integrated solutions.
Content spans regulatory filings, leadership updates, and operational developments within the NEMT and RPM sectors. Regular updates provide insights into how MODV navigates the evolving healthcare technology landscape while serving vulnerable populations.
Bookmark this page for streamlined access to Modivcare's latest milestones and market positioning. Combine our updates with SEC filings and earnings call transcripts for complete due diligence.
ModivCare, a healthcare services company, announced its merger agreement to acquire CareFinders Total Care for $340 million. CareFinders, a personal care provider in the Northeast, serves over 7,500 patients with a workforce of 6,200 caregivers, generating approximately $200 million in annual revenue. The acquisition, set to close in Q3 2021, aims to enhance ModivCare’s personal care segment, potentially increasing caregiver numbers to nearly 16,000 and hours of care to 30 million annually. The deal, funded through cash and credit, is projected to deliver immediate earnings accretion.
ModivCare Inc. (Nasdaq: MODV) announced leadership promotions effective July 20, 2021. Jonathan B. Bush has been elevated to Senior Vice President, General Counsel and Secretary, while Kenneth Shepard becomes Vice President, Chief Accounting Officer. Bush, with extensive experience in M&A and healthcare regulation, previously served as Vice President, Deputy General Counsel. Shepard has over 15 years of financial experience, notably in healthcare and public accounting. CEO Dan Greenleaf highlighted their key roles in transforming ModivCare into a technology-enabled supportive care solutions provider.
ModivCare Inc. (Nasdaq: MODV) is set to report its second quarter financial results for the period ending June 30, 2021, on August 6, 2021, prior to market opening. The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss these results, with dial-in numbers provided for domestic and international callers. ModivCare specializes in technology-enabled healthcare services including non-emergency medical transportation and supportive care solutions aimed at improving patient outcomes and reducing costs. More information can be found on their website.
ModivCare Inc. (Nasdaq: MODV), a healthcare services company specializing in integrated supportive care solutions, announced its participation in the CJS Securities 21st Annual New Ideas Summer Conference. The virtual event is scheduled for Tuesday, July 13, 2021, at 2:20 PM Eastern Time. ModivCare focuses on enhancing patient outcomes while addressing social determinants of health, providing services like non-emergency medical transportation and home care. For more details, the live webcast will be available on ModivCare's website.
ModivCare Inc. (Nasdaq: MODV), a healthcare services company focused on improving patient outcomes, will present at the Jefferies Virtual Healthcare Conference on June 3, 2021, at 3:30 p.m. ET. The presentation will be accessible via a live webcast on ModivCare's website. The company provides integrated supportive care solutions including non-emergency medical transportation, personal and home care, and nutritional meal delivery, addressing social determinants of health while enhancing care access and reducing costs. For more information, visit www.modivcare.com.
ModivCare reported strong Q1 2021 results with revenue of $453.6 million, up 23.5% from $367.3 million a year earlier. Adjusted EBITDA reached $48.0 million, reflecting growth driven by acquisitions and operational efficiencies. Net income was $18.9 million, leading to EPS of $1.31. The company also announced the acquisition of WellRyde, enhancing its digital transportation capabilities. With cash reserves of $299.6 million and a focus on expanding in the personal care sector, ModivCare aims to strengthen its market position.
ModivCare Inc. (Nasdaq: MODV) announced the acquisition of nuVizz's WellRyde technology platform, enhancing its digital services in non-emergency medical transportation (NEMT). WellRyde's software provides advanced transportation management systems, streamlining routing and trip assignments for over 1,200 providers. This integration aims to create the largest digitally integrated NEMT network in the U.S., improving access to care for Medicaid, Medicare, and commercial patients. The acquisition complements ModivCare's existing operations, expected to drive growth and elevate patient experiences.
ModivCare Inc. (Nasdaq: MODV) will announce its financial results for the first quarter ending March 31, 2021 on May 7, 2021, before the market opens. A conference call is scheduled for the same day at 8:00 a.m. Eastern Time, accessible via domestic and international dial-in numbers. The call will also be available through a live webcast on ModivCare's website. The company focuses on integrated supportive care solutions aimed at enhancing patient outcomes, including non-emergency medical transportation and home care services.
ModivCare Inc. (Nasdaq: MODV) announced an expansion of its Board of Directors, increasing the number of directors to ten. New appointees include Garth Graham, Stacy Saal, and Rahul Samant, who bring extensive experience in healthcare, customer experience, and technology leadership from renowned companies. Chairman Chris Shackelton stated that this milestone will enhance ModivCare's mission to improve healthcare outcomes. CEO Dan Greenleaf highlighted the potential for continued innovation and growth through the newly expanded board, focusing on addressing social determinants of health.
Matrix Clinical Solutions announced that two ModivCare sites received COVID-19 safety verification certification, ensuring compliance with CDC guidelines. This certification, backed by Cleveland Clinic's expertise, includes on-site assessments and actionable recommendations. The initiative aims to enhance workplace safety across 14 states, with Oklahoma and Virginia already certified. ModivCare's Chief Compliance Officer emphasized the importance of this program for employee safety. As workers express concerns about returning to offices, Matrix's certification reassures employees about their health and safety.
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