Modivcare Provides Financial Update
ModivCare Inc. (MODV)
Company Research
Source: Business Wire
DENVER--(BUSINESS WIRE)--Modivcare Inc. (the “Company” or “Modivcare”) (Nasdaq: MODV), a technology-enabled healthcare services company providing a platform of integrated supportive care solutions focused on improving health outcomes, today addressed its recent filings with the U.S. Securities and Exchange Commission (“SEC”) and announced adjusted guidance.On September 12, 2024, the Company filed a Form S-3 shelf registration statement with the SEC, as well as a Form 8-K, providing additional information. Once declared effective by the SEC, the Form S-3 will provide the Company with flexibility to raise capital as needed over the next three years.The Company does not plan to issue equity at this time. The Company is focused on seeking near-term covenant relief under its revolving credit facility to address potential delays in contract receivable collections. Advanced discussions with the Company’s bank group have been collaborative and supportive.Contract ReceivablesModivcare rema
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- ModivCare Inc. (NASDAQ: MODV) had its price target raised by analysts at Barrington Research from $22.00 to $25.00. They now have an "outperform" rating on the stock.MarketBeat
- ModivCare Inc (MODV) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Strategic Shifts [Yahoo! Finance]Yahoo! Finance
MODV
Earnings
- 11/6/24 - Miss
MODV
Sec Filings
- 11/21/24 - Form 4
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- MODV's page on the SEC website