ModivCare
| Company type | Public |
|---|---|
| |
| Industry | Healthcare |
| Founded | 1996 |
| Headquarters | Denver, Colorado, U.S. |
Key people | |
| Services |
|
| Revenue |  US$ 2,788 million (2024) |
| US$ −93 million (2024) | |
| US$ −201 million (2024) | |
| Total assets |  US$ 1,654 million (2024) |
| Total equity | US$ −38 million (2024) |
Number of employees | 23,675 (2024) |
| Website | modivcare |
| Footnotes / references [1] | |
Modivcare Inc. is an American social services corporation based in Denver, Colorado, primarily providing non-emergency medical transportation for Medicaid recipients nationwide. In August 2025, Modivcare began a financial restructuring process with a Chapter 11 bankruptcy filing.[2]
Overview
[edit]Modivcare, known until 2021 as Providence Service Corporation with its principal subsidiary LogistiCare,[3] was established in 1996. The company's common stock began trading publicly in 2003. Modivcare had a payroll of approximately 23,675 at the end of 2024, after a long series of corporate acquisitions. The bulk of the company's revenue and income arise from being the largest contractual provider of non-emergency medical transportation in the United States. Modivcare arranges millions of rides per month, primarily for Medicaid recipients who need assistance getting to and from medical appointments. In 2020–2021, the company acquired additional business lines providing in-home assistance and monitoring.[1]
Modivcare has been widely criticized for poor transportation service that leaves medical patients stranded.[4] A state audit estimated that more than 40% of customers submitted complaints in a five-month period (mostly for "no-show incidents") although the company consistently reported less than 1% per month.[5]
After Modivcare's bankruptcy filing in August 2025, its common stock was suspended from NASDAQ trading and then delisted.[6]
References
[edit]- ^ a b "Form 10-K: Annual Report for the fiscal year ended December 31, 2024: ModivCare Inc". U.S. Securities and Exchange Commission. March 6, 2025. Retrieved September 10, 2025.
- ^ "Modivcare Enters into Comprehensive Restructuring Agreement to Strengthen its Future, Reduce Debt and Inject Capital" (Press release). Modivcare. August 20, 2025. Retrieved September 9, 2025 – via Business Wire.
- ^ "Providence Announces New Name – ModivCare" (Press release). Modivcare. January 6, 2021. Retrieved September 10, 2025 – via Globe Newswire.
- ^ Multiple published sources:
- California – Hart, Angela; Wolfson, Bernard J. (March 5, 2023). "California's massive Medicaid program works for some, but fails many others: 'I Just Don't Go to the Doctor Anymore'". North State Public Radio. Retrieved September 10, 2025.
- Florida – Maxwell, Anne (November 17, 2022). "Patients left stranded by non-emergency medical transportation provider". WJXT News4JAX. Retrieved September 10, 2025.
- Georgia – Grapevine, Rebecca; Miller, Andy (January 12, 2022). "Medicaid pays millions for patient transportation. Sometimes the ride never comes". National Public Radio. Retrieved September 10, 2025.
- Maine – Washington, Adrienne (September 1, 2024). "Patients, advocates say MaineCare transportation company is failing to live up to its agreement". The Maine Monitor. Retrieved September 10, 2025.
- New Jersey – Stainton, Lilo H. (February 13, 2023). "Tackling shortcomings in NJ's nonemergency medical transport". NJ Spotlight News. Retrieved September 10, 2025.
- ^ Eells, Stephen M. (March 28, 2018). "Transportation Broker Services Contract – Utilization" (PDF). New Jersey: Office of the State Auditor. Archived from the original (PDF) on October 22, 2021.
- ^ "Modivcare Receives Nasdaq Delisting Notice Following Chapter 11 Filing" (Press release). Modivcare. August 22, 2025. Retrieved September 9, 2025 – via Business Wire.
External links
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