Modivcare Inc - MODV STOCK NEWS

Modivcare Inc. recently appointed Anne Bailey as President of its Home division, a significant move aimed at expanding the company's geographic footprint and enhancing customer relationships. L. Heath Sampson, the CEO, emphasized Bailey's extensive experience in healthcare as a vital asset for driving growth and improving service quality. With over 25 years in leadership roles, including at DaVita, Bailey's focus on patient-centered care aligns with Modivcare's mission to deliver high-quality supportive services. The Home division is crucial for Modivcare's long-term strategy, offering personal care, remote monitoring, and meals.

Modivcare Inc. (Nasdaq: MODV) announced that its President and CEO, Heath Sampson, will present at the Oppenheimer 33rd Annual Healthcare Conference on March 14, 2023, at 4:00 p.m. ET. The Company, which focuses on technology-enabled healthcare solutions, provides integrated supportive care aimed at improving health outcomes. Virtual investor meetings will also be hosted throughout the day. A live webcast will be available on Modivcare’s Investor Relations website, with a replay accessible for 90 days following the event.

Modivcare Inc. (Nasdaq: MODV), a technology-enabled healthcare services company, announced participation in the RISE National 2023 conference on March 8 in Colorado Springs, Colorado. As platinum sponsors, Modivcare will host a panel titled “How SDoH Solutions Can Impact Risk and Quality Performance and Allow ‘Aging at Home,’” featuring industry experts discussing strategies to address health-related social needs (HRSNs) for vulnerable populations. The panel will take place from 11:45 a.m. to 12:30 p.m. Mountain time. Modivcare aims to improve health outcomes and reduce costs through integrated supportive care solutions addressing social determinants of health.

Modivcare reported strong financial results for Q4 and the full year 2022, highlighted by service revenue of $653.9 million in Q4, marking a 14% increase from the previous year's $575.8 million. For the full year, revenue reached $2,504.4 million, a 25% growth compared to $1,996.9 million in 2021. However, the company posted a net loss of $6.9 million for Q4 and $31.8 million for the full year. Adjusted EBITDA for Q4 was $59.7 million, and $221.9 million for 2022. Modivcare provided 2023 guidance, projecting revenue between $2,575 million and $2,600 million.

Modivcare Inc. (Nasdaq: MODV) is set to report its financial results for Q4 and the full year ended December 31, 2022 on February 23, 2023, before market opening. A conference call will follow at 8:00 a.m. Eastern Time on the same day, where the Company will discuss the results. Interested parties can access the live webcast through the Company’s website. Modivcare offers integrated supportive care solutions focusing on improving health outcomes for public and private payors, including non-emergency medical transportation and remote patient monitoring.

Modivcare Inc. (NASDAQ: MODV), a technology-enabled healthcare services company, announced that CEO Heath Sampson will present at the 41st Annual J.P. Morgan Healthcare Conference in San Francisco on January 11, 2023, at 8:15 a.m. PST. The company will also conduct investor meetings throughout the day. A live webcast of the presentation will be available on Modivcare’s Investor Relations website, with a replay accessible for 30 days after the event. Modivcare focuses on integrated supportive care solutions, including non-emergency medical transportation and remote patient monitoring.

Modivcare Inc. (Nasdaq: MODV), a healthcare services company, announced that CEO Heath Sampson will participate in a fireside chat at the BofA Securities Virtual Home Care Conference on December 6, 2022, at 1:10 p.m. ET. The company will also host virtual investor meetings throughout the day. A live webcast of the presentation will be available on Modivcare's Investor Relations website, with a replay accessible for 90 days post-event. Modivcare focuses on integrated supportive care solutions, addressing social determinants of health and improving care access and outcomes.

Modivcare Inc. (Nasdaq: MODV), a technology-enabled healthcare services company, announced participation in two upcoming investor conferences. President and CEO Heath Sampson will present at the Stephens Annual Investment Conference in Nashville, Tennessee, on November 16, 2022, followed by the BofA Securities Leveraged Finance Conference in Boca Raton, Florida, on November 29, 2022. Live webcasts and replays will be available on their Investor Relations website. Modivcare focuses on integrated supportive care solutions to improve health outcomes.

Modivcare reported Q3 2022 revenue of $647.8 million, a 31.4% increase from Q3 2021. Despite the revenue growth, the company faced a net loss of $28.5 million or $2.03 per diluted share, primarily due to goodwill impairment related to its equity investment in Matrix. Adjusted EBITDA was $51.8 million, reflecting an 8.0% margin. The company updated its 2022 revenue guidance to a range of $2.450 billion to $2.475 billion and adjusted EBITDA guidance of $210 million to $220 million.