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 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.
ModivCare Inc. (Nasdaq: MODV) has announced a $75 million stock repurchase program effective March 11, 2021, allowing share buybacks through December 31, 2021. This initiative aims to enhance shareholder value but does not obligate the company to repurchase any specific amount of stock. Transactions will be conducted in the open market, adhering to federal securities laws. ModivCare is recognized for its integrated supportive healthcare solutions, addressing social determinants of health and improving patient outcomes.
ModivCare Inc. (Nasdaq: MODV) announced the appointment of L. Heath Sampson as Chief Financial Officer, effective February 26, 2021. Sampson, with nearly 30 years of executive experience, previously led a successful turnaround at Advanced Emissions Solutions. He succeeds Kevin Dotts, who will assist in the transition until March 15, 2021. ModivCare focuses on improving patient outcomes through integrated supportive care solutions, addressing social determinants of health, and enhancing access to care. The leadership change aims to strengthen finance operations and drive profitable growth.
ModivCare reported its Q4 2020 results, showcasing revenues of $398.5 million, up 3.6% year-over-year. The company recorded a loss from continuing operations of $2.9 million or $0.21 per share, impacted by bond financing and acquisition costs. Adjusted EBITDA rose to $41.6 million, reflecting a significant improvement from the previous year. For the full year, revenue totaled $1,368.7 million, a 9.4% decline from 2019, but income from continuing operations was $89.6 million. ModivCare completed the acquisition of Simplura Health Group, enhancing its personal care segment.
ModivCare Inc. (Nasdaq: MODV), a healthcare services company, announced that its President and CEO, Daniel Greenleaf, will virtually ring the Nasdaq closing bell on February 16, 2021, in celebration of the company’s recent rebranding. The rebranding, effective January 6, 2021, reflects ModivCare's commitment to delivering supportive care solutions to improve patient outcomes and reduce costs. The ceremony can be viewed live at 4:00 p.m. ET. ModivCare focuses on integrated supportive care, including non-emergency medical transportation and personal care services.
ModivCare Inc. (Nasdaq: MODV) will report its fourth quarter financial results for the period ended December 31, 2020, on February 26, 2021, before market opening. A conference call will follow at 8:00 a.m. ET, accessible to domestic callers at (877) 423-9820 and international callers at (201) 493-6749. The event will also be available via a live webcast on ModivCare's website. ModivCare provides integrated healthcare solutions, including non-emergency medical transportation and home care, aimed at improving patient outcomes.
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