Modivcare Inc Stock Price, News & Analysis

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.

Modivcare has appointed L. Heath Sampson as the new President and CEO, effective immediately. Sampson, who has served as Interim CEO and CFO since his predecessor's departure, will lead the company in its next transformation phase. The Board expresses confidence in his ability to drive operational excellence and enhance Modivcare's supportive care platform, focusing on social determinants of health. His extensive experience includes leadership roles in various companies, including Advanced Emissions Solutions. Modivcare will report Q3 2022 earnings on November 3, 2022.

Modivcare Inc. (Nasdaq: MODV) is set to announce its financial results for Q3 2022 on November 3, 2022, prior to market opening. The company will conduct a conference call at 8:00 a.m. ET on the same day to discuss these results. Interested parties can join via the company’s website or through specific dial-in numbers. Modivcare specializes in technology-enabled healthcare services, focusing on integrated supportive care solutions that aim to enhance patient outcomes.

Modivcare Inc. (Nasdaq: MODV), a technology-enabled healthcare services company, announced participation in several upcoming investor conferences. These include the Barrington Research Virtual Fall Investment Conference and the Wells Fargo Leveraged Finance Conference on September 8, 2022, followed by the Lake Street Capital Markets Best Ideas Growth Conference on September 14, 2022. Notably, Interim CEO Heath Sampson will present at the Deutsche Bank Leveraged Finance Conference on September 20, 2022, at 8:40 a.m. (MST). Details of the webcast can be found on Modivcare's Investor Relations website.