ModivCare
Tracked across 2 events · 32 articles · First seen Feb 04, 2025 · Last active Apr 07, 2025
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Business
Impact: ModivCare is the defendant in a class action lawsuit alleging that it made materially false and/or misleading statements regarding its business operations, specifically concerning its non-emergency medical transportation (NEMT) segment's contracts, free cash flow, and adjusted EBITDA. This has led to a decline in its stock price and investor damages.
Feb 04, 2025 · 23 articles
Regulatory
Impact: ModivCare is under investigation for alleged breaches of fiduciary duties, with claims that officers misled the market about contracts in its non-emergency medical transportation segment and the deterioration of its free cash flow.
Mar 06, 2025 · 9 articles
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