Modivcare Inc Stock Price, News & Analysis

ModivCare Inc. (Nasdaq: MODV), a technology-enabled healthcare services company, will present at two investor conferences in January 2022. The first is the J.P. Morgan 40th Annual Healthcare Conference on January 11, 2022 at 11:15 a.m. ET, followed by the CJS 22nd Annual New Ideas for the New Year Conference on January 12, 2022 at 3:45 p.m. ET. Webcasts will be available on ModivCare's website. ModivCare provides integrated supportive care solutions, focusing on improving patient outcomes and addressing social determinants of health.

ModivCare has appointed Grover N Wray as its new Chief Human Resources Officer. With over 30 years of experience, including roles at DigitalGlobe and Western Union, Wray aims to enhance talent acquisition and team engagement at ModivCare. Daniel Greenleaf, President and CEO, emphasized Wray’s track record in improving employee productivity and business results. Wray expressed enthusiasm for ModivCare's mission focused on addressing social determinants of health and looks forward to building an effective team.

The Company, Riverbed|Aternity, announced the appointment of seven new directors to its Board of Directors following its recapitalization, effective December 7, 2021. These seasoned leaders bring diverse skills to enhance strategic goals and customer relationships. CEO Dan Smoot emphasized the Board's alignment with the Company's future vision and its improved financial profile. The new board members include R. Carter Pate, Steve Curts, and Patricia Hume, among others, each with significant experience in various sectors.

ModivCare Inc. (Nasdaq: MODV), a technology-driven healthcare services company, announced upcoming presentations at two investor conferences. Dan Greenleaf, CEO, and Heath Sampson, CFO, will present at the BofA Securities Leveraged Finance Conference on December 1, 2021, at 2:15 p.m. ET, and at the Stephens Annual Investment Conference in Nashville on December 3, 2021, at 2:00 p.m. ET. Webcasts will be available on their website.

ModivCare Inc. (Nasdaq: MODV) reported strong financial results for Q3 2021, with revenues of $493.1 million, a 53.8% increase from Q3 2020. However, the company incurred a loss from continuing operations of $7.5 million, or $0.53 per diluted share. Adjusted EBITDA was $44.3 million, representing 9.0% of revenue, which was down from $59.3 million a year prior due to increased service costs. Significant acquisitions in September 2021, including VRI and CareFinders, aim to enhance service offerings and shareholder value.

ModivCare Inc. (Nasdaq: MODV), a technology-enabled healthcare services firm, will present at Credit Suisse’s 30th Annual Virtual Healthcare Conference on November 8, 2021, at 9:40 a.m. Eastern Time. Both Dan Greenleaf, President and CEO, and Heath Sampson, CFO, will be participating. Investors can access a webcast of the presentation via the company’s website here. ModivCare provides integrated supportive care solutions, focusing on enhancing patient outcomes through services like non-emergency medical transportation and remote patient monitoring.

ModivCare Inc. (NASDAQ: MODV) announced it will report financial results for Q3 2021 on November 5, 2021, before market opens. A conference call will follow at 8:00 a.m. ET, accessible via dial-in or live webcast. ModivCare is a technology-enabled healthcare services company focused on improving patient outcomes through integrated supportive care solutions. Its services cater to public and private payors, addressing social determinants of health and enhancing access to care.

ModivCare Inc. (Nasdaq: MODV) has announced that Heath Sampson, CFO, will present at Deutsche Bank’s 29th Annual Leveraged Finance Conference on October 4, 2021, at 3:15 pm ET. The event will be held virtually, and a webcast can be accessed on the Company’s website. ModivCare will also participate in one-on-one meetings throughout the day. The Company specializes in technology-enabled healthcare services including non-emergency medical transportation (NEMT), personal care, and nutritional meal delivery.

ModivCare Inc. (Nasdaq: MODV) has successfully completed its acquisition of VRI Intermediate Holdings, LLC, a leader in remote patient monitoring solutions, for approximately $315 million. This acquisition aims to enhance ModivCare's suite of integrated supportive care solutions, ultimately improving patient outcomes.

The transaction includes customary purchase price adjustments and highlights ModivCare's commitment to addressing social determinants of health while expanding its healthcare service offerings.