Modivcare inc bankruptcies. 03 - Material Modification to Rights of Security Holders 5. filed for Chapter 11 protection in a Texas bankruptcy court late Wednesday, setting the stage for a sweeping recapitalization effort aimed at slicing a staggering $1. The Mar 6, 2026 · ModivCare Inc. In August 2025, Modivcare began a financial restructuring process with a Chapter 11 bankruptcy filing. Jul 31, 2025 · ModivCare Debt woes mount as federal health-care funding cuts weigh on its long-term outlook, and the company is considering a potential restructuring of its debt load. 20, 2025, seeking to reduce its $1. 001 par value per share (the “Common Stock”), from Nasdaq. S. Aug 22, 2025 · In other recent news, Modivcare has filed for Chapter 11 bankruptcy protection, aiming to restructure its finances. (the “Company”) received a notification letter (the “Delisting Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that Nasdaq had determined to commence proceedings to delist the Company’s common stock, $0. 4 billion in debt and hand its assets Jun 20, 2024 · Modivcare Inc. ModivCare: A Drive to Bankruptcy Court After years of acquisition-driven growth and optimism, ModivCare was ultimately pushed down by industry headwinds, unfavorable contract structures, and operational issues, culminating in a Chapter 11 filing in August 2025. Aug 28, 2025 · Giant healthcare services provider ModivCare Inc. and 70 affiliates filed for a prearranged Chapter 11 bankruptcy on Aug. Oct 15, 2025 · STATEWIDE -- Modivcare CEO Heath Sampson is speaking out after local lawmakers last week urged the Maine Department of Health and Human Services (DHHS) to strip the company of its contract to supply MaineCare members with rides to medical appointments. was pushed towards bankruptcy by issues like state budget cuts, competition from smaller companies and the large amount of debt it hauled Aug 21, 2025 · ModivCare Inc. 02 - Departure of Directors or Certain Officers Election of Directors Appointment of Certain Officers Compensatory Arrangements of Certain Officers ModivCare ( (MODV) ) has issued an update. Aug 21, 2025 · Technology-enabled healthcare services giant Modivcare Inc. /Canada) or +1 (310) 751-2636 (International) or click here to submit an email inquiry. Aug 21, 2025 · Modivcare, a provider of nonemergency medical transportation, disclosed late Wednesday that it has filed for Chapter 11 bankruptcy. Layton Avenue, Suite 1100 & 1200, Denver, Colorado 80237. Aug 21, 2025 · Modivcare Inc. and certain of its affiliates, as debtors and debtors in possession (collectively, the “Debtors”), each filed a voluntary petition for relief under title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Court”). 66%. As a company, Denver-based Modivcare offers technology-enabled health care services and provides non-emergency medical transportation (NEMT). Read why I maintain a Hold rating on MODV stock. announced it has filed for voluntary Chapter 11 protection to implement a comprehensive restructuring plan with the support of a supermajority of its key Nov 21, 2025 · Before Navidea, giant health care services provider ModivCare Inc. 01 - Completion of Acquisition or Disposition of Assets 3. Bankruptcy Court for the Southern District of Texas to implement a comprehensive restructuring transaction with the support of a Dec 29, 2025 · What's going on at ModivCare (NASDAQ:MODV)? Read today's MODV news from trusted media outlets at MarketBeat. The Probability of Bankruptcy of ModivCare Inc (MODV) is 49. ModivCare, Inc. Multiple factors are taken into account when calculating MODV's probability of bankruptcy : Altman Z-score, Beneish M-score, financial position, macro environments, academic Aug 21, 2025 · Modivcare Inc. is an American social services corporation based in Denver, Colorado, primarily providing non-emergency medical transportation for Medicaid recipients nationwide. A possible Chapter 11 filing is among the options under consideration. “Chapter 11 is what you file when Oct 28, 2025 · Bankrupt ModivCare Inc. 1 billion in debt. Document Name: Certificate of No Objection Regarding First and Final Application of Hunton Andrews Kurth LLP as Bankruptcy Co-Counsel for the Debtors for Allowance and Payment of Fees and Expenses Incurred for the Period of August 20, 2025 Through December 29, 2025 (Filed By ModivCare Inc. On August 21, 2025, ModivCare Inc. Over Aug 20, 2025 · ModivCare Inc. Over Aug 22, 2025 · ModivCare Inc. The confirmation, granted on December 12, accelerates the process of concluding the company’s bankruptcy proceedings and Aug 21, 2025 · (RTTNews) - Modivcare Inc. , a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions focused on improving health outcomes, announced that, on August 21 Aug 21, 2025 · MASTER SERVICE LIST AS OF AUGUST 21, 2025 Pursuant to the Procedures for Complex Chapter 11 Cases in the Southern District of Texas SAN DIEGO, March 19, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that the ModivCare class action lawsuit – captioned Kalera v. Technology-enabled healthcare services company Modivcare Inc. Mar 6, 2026 · ModivCare's chapter 11 filing executed a prepackaged restructuring strategy, as described in the First Day Declaration, entering bankruptcy with a restructuring support agreement and a first-day plan filing intended to shorten time in court. announced it has filed for voluntary Chapter 11 protection to implement a comprehensive restructuring plan with the support of a supermajority of its key Aug 21, 2025 · Modivcare caught a wave of attention from retail traders on Wednesday after it filed for Chapter 11 bankruptcy, marking a restructuring move that gives the keys to its lenders and leaves shareholders staring at the possibility of losing almost everything. 4% stock plunge, testing healthcare sector resilience amid private equity-driven financial engineering. Aug 21, 2025 · Modivcare has filed for voluntary Chapter 11 protection in the U. [2] Aug 25, 2025 · Staff Report AUGUSTA – Last week, ModivCare Inc. 74 following its Chapter 11 bankruptcy filing and $100 million funding from secured lenders. 6 million in fees and expenses charged by White & Case LLP and AlixPartners LLP over three weeks in September. Dec 18, 2025 · A U. This number represents the probability that MODV will face financial distress in the next 24 months given its current fundamentals and market conditions. 25-90309 before the Honorable Alfredo R. This is a voluntary filing; it was assigned the bankruptcy case number # 25-90309. - Private equity's role in 93% of 2023 healthcare bankruptcies Dec 2, 2024 · ModivCare's stock plummeted due to issues with Matrix Medical and delays in contract receivable collections. 20, seeking to reduce their $1. Aug 22, 2025 · On August 21, 2025, ModivCare Inc. and certain subsidiaries filed for Chapter 11 bankruptcy on August 20, 2025, which constitutes an event of default triggering immediate payment obligations under existing debt instruments. ’s principal place of business and the Debtors’ service address in the Chapter 11 Cases is 6900 E. Single Case Monitoring We have suspended monitoring of any remaining cases as of 10/18/25. The company also received a delinquency notice for failing to file its quarterly report on time. ("Modivcare" or the "Company") is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for public and private payors and Debtor ModivCare Inc. 4 billion in debt and hand Dec 5, 2025 · Medical-transport provider Modivcare faces challenges from its unsecured creditors committee on its way to a potential exit from bankruptcy that would reduce its debt by $1. 's proposed bankruptcy exit plan drew objections from insurers, the Justice Department’s bankruptcy-monitoring unit, and a committee of unsecured creditors that said the terms are insufficient to move forward. Our firm has recovered hundreds of millions of dollars for investors nationwide. Nasdaq Aug 22, 2025 · Modivcare Inc. 1 billion of debt. was pushed towards bankruptcy by issues like state budget cuts, competition from smaller companies and the large amount of debt it hauled Find the latest ModivCare Inc. , which provides non-emergency medical transportation services under MaineCare – the state’s Medicaid program – to half of Maine’s 16 counties, filed for Chapter 11 bankruptcy protection in the U. Then, in August, Modivcare revealed that it filed for Chapter 11 bankruptcy. On Friday, we will start by understanding ModivCare’s business and end markets, then explain the ModivCare: A Drive to Bankruptcy Court After years of acquisition-driven growth and optimism, ModivCare was ultimately pushed down by industry headwinds, unfavorable contract structures, and 1 day ago · Why Bronstein, Gewirtz & Grossman, LLC for ModivCare Securities Investigation? Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Oct 18, 2025 · Subscription Service We have closed our new bankruptcy subscription service as of June 30th 2024. The Colorado Oct 2, 2025 · From contract losses to financial decline in certain segments, the leaders at Modivcare Inc. Apr 22, 2021 · DENVER-- (BUSINESS WIRE)-- ModivCare Inc. The company revealed that the restructuring plan already enjoys broad backing from secured lenders, who agreed to inject $100 million Modivcare filed Aug 21, 2025 · Modivcare caught a wave of attention from retail traders on Wednesday after it filed for Chapter 11 bankruptcy, marking a restructuring move that gives the keys to its lenders and leaves shareholders staring at the possibility of losing almost everything. com -- ModivCare Inc (NASDAQ:MODV) stock plunged 45% premarket Monday after the technology-enabled healthcare services company announced it had filed for Chapter 11 bankruptcy protection Technology-enabled healthcare services company Modivcare Inc. (MODV), a technology-enabled healthcare services company providing a platform of integrated supportive care solutions focused on improving health outcomes, announced Aug 20, 2025 · MODIVCARE INC. Aug 21, 2025 · PLEASE TAKE NOTICE THAT: On August 20, 2025 (the “Petition Date”), ModivCare Inc. (MODV), a technology -enabled healthcare services company providing a platform of integrated supportive care solutions focused on improving health outcomes, announced that it has filed for voluntary Chapter 11 protection in the U. Nov 26, 2025 · ModivCare Inc. 14% after hours to $0. has bolstered investors protections on a $525 million leveraged loan sale to refinance debt, amid investor caution that some risky borrowers could move assets out of their reach. (NASDAQ:MODV) tumbled 40% in premarket trading Thursday after the healthcare services firm revealed it had entered Chapter 11 bankruptcy proceedings. For additional information, please call (888) 733-1521 (U. The cases are jointly administered under Case No. 1 billion. (Nasdaq: MODV) haven’t shied away from detailing the various headwinds negatively impacting the company in recent years. bankruptcy court has formally approved ModivCare Inc. (MODV) stock quote, history, news and other vital information to help you with your stock trading and investing. 1B debt and 84. Aug 26, 2025 · Medical transportation firm ModivCare filed for bankruptcy in the the southern district of Texas last week, following a monthslong effort to financially course correct in the face of mounting Dec 16, 2025 · Tech-enabled personal care firm Modivcare now expects to emerge from Chapter 11 bankruptcy in coming weeks after a federal bankruptcy judge on confirmed Modivcare’s Plan of Reorganization. Bankruptcy Court for the Southern District of Texas. , along with its 70 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on August 20, 2025. 's junior creditors oppose a $25 million settlement between the medical transportation company and its largest customer, saying it isn’t clear whether the termination of their relationship will be final, which could disadvantage creditors. ModivCare ( (MODV) ) has issued an update. filed for bankruptcy in an effort to shed $1. Oct 2, 2025 · From contract losses to financial decline in certain segments, the leaders at Modivcare Inc. received a delisting notice from Nasdaq due to voluntary Chapter 11 bankruptcy proceedings initiated on August 20, 2025. The company’s Modivcare Home division includes its personal care, remote patient monitoring and nutritional meal delivery services. Bankruptcy Court for the Southern District of Texas to implement a comprehensive restructuring transaction with the support of a supermajority of its key stakeholders. The announcement came 1. Aug 22, 2025 · Modivcare has filed for voluntary Chapter 11 protection in the U. 1 billion, a material amount relative to the company's size. announced it has filed for voluntary Chapter 11 protection to implement a comprehensive restructuring plan with the support of a supermajority of its key stakeholders. The company filed for Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on Wednesday, according to a statement. 25-cv-00306, and Aug 22, 2025 · Modivcare Inc. (Nasdaq: MODV) revealed that it has filed for Chapter 11 bankruptcy. 01 - Changes in Control of Registrant 5. On August 20, 2025, each of the 71 Debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”). 1 billion of debt, after federal health-care funding cuts threatened to crimp future cash flows. On August 20, 2025, Modivcare Inc. (“ModivCare” or the “Company”) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions focused on improving patient outcomes, today announced that the Company is scheduled to report financial results for the first quarter Nonemergency medical transportation company ModivCare Inc. 03 - Bankruptcy or Receivership 2. Aug 26, 2025 · Medical transportation firm ModivCare filed for bankruptcy in the the southern district of Texas last week, following a monthslong effort to financially course correct in the face of mounting . 1 billion —over 85% of the company's Aug 23, 2025 · - ModivCare's Chapter 11 filing reveals $1. Aug 20, 2025 · MODIVCARE INC. Medical transportation firm Modivcare Inc. filed a 11 chapter bankruptcy in the Southern District of Texas bankruptcy court on August 20, 2025. Aug 25, 2025 · Investing. Bankruptcy Court for the Southern District of Texas to implement a comprehensive restructuring transaction with the support of a supermajority of Aug 26, 2025 · ModivCare files for bankruptcy with over $1. gained court approval to exit bankruptcy in a bid to shed more than $1 billion in debt, overriding objections from unsecured creditors who said the Colorado-based medical transportation company was undervalued. , No. Nov 20, 2025 · Lenders of bankrupt medical transportation company ModivCare are considering a challenge to $3. ’s Chapter 11 reorganization strategy, a pivotal development for the struggling healthcare services provider. ) Date Filed: 3/3/2026 Related Documents [1] 1269 Shares of Modivcare Inc. Bankruptcy Court for the Southern District of Texas to implement a comprehensive restructuring transaction with the support of a Modivcare Inc. This move is expected to reduce the company’s total funded debt by Jul 31, 2025 · Medical transportation firm ModivCare Inc. Aug 21, 2025 · Medical transportation firm Modivcare Inc. , the nation's largest provider of non-emergency medical transportation services, filed a prepackaged chapter 11 bankruptcy on August 20, 2025, with approximately 90% of first lien lenders and 70% of second lien lenders supporting a restructuring that would reduce funded debt by more than $1. surged 32. Nonemergency medical transportation company ModivCare Inc. Modivcare caught a wave of attention from retail traders on Wednesday after it filed for Chapter 11 bankruptcy, marking a restructuring move that gives the keys to its lenders and leaves ModivCare Inc. is huddling with lenders about how to potentially restructure its debt load as a loan maturity approaches and as federal health-care funding cuts weigh on its long-term outlook, according to people with knowledge of the matter. 4B in debt The medical transportation firm blamed mounting headwinds for its financial challenges, including labor cost inflation and declining Dec 12, 2025 · ModivCare Inc. Perez in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”). Restructuring__ (@Restructuring__). filed for Chapter 11 protection in Texas bankruptcy court with plans to recapitalize its balance sheet and cut $1. The restructuring plan aims to reduce total funded debt by approximately $1. 1 day ago · Why Bronstein, Gewirtz & Grossman, LLC for ModivCare Securities Investigation? Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. - Restructuring converts $871M first-lien debt to 98% equity, shifting control to creditors while aiming to cut interest costs by over 80% through debt restructuring. yhwj wmffl jcfwke lkjn tpbg aljo jtjwzlb orxl hbmvj ubd