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MODV ModivCare

ModivCare Inc. ('ModivCare') is a technology-enabled healthcare services company, which provides a suite of integrated supportive care solutions for public and private payors and their patients. Its value-based solutions address the social determinants of health (SDoH), enable greater access to care, reduce costs, and improve outcomes. The Company is a leading provider of non-emergency medical transportation (NEMT), personal and home care, and nutritional meal delivery. ModivCare also holds a minority equity interest in CCHN Group Holdings, Inc. and its subsidiaries ('Matrix Medical Network'), which partners with leading health plans and providers nationally, delivering a broad array of assessment and care management services to individuals that improve health outcomes and health plan financial performance.

Company profile

Ticker
MODV
Exchange
Website
CEO
Warren Rustand
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PROVIDENCE SERVICE CORP
SEC CIK
Subsidiaries
ModivCare Solutions, LLC • Circulation, Inc. • Health Trans, Inc. • Provado Technologies, LLC • Red Top Transportation, Inc. • Ride Plus, LLC • Ingeus Investments Limited • Ingeus, LLC • Prometheus Holdco, LLC • Socrates Health Holdings, LLC ...
IRS number
860845127

MODV stock data

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Calendar

5 Aug 21
24 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
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Financial data from ModivCare earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 290.93M 290.93M 290.93M 290.93M 290.93M 290.93M
Cash burn (monthly) 2.89M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 11.06M n/a n/a n/a n/a n/a
Cash remaining 279.87M n/a n/a n/a n/a n/a
Runway (months of cash) 96.7 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Sep 21 Stacy Saal Common Stock Grant Acquire A No No 181.62 123 22.34K 871
30 Sep 21 Wright Frank J Common Stock Grant Acquire A No No 181.62 73 13.26K 14,160
30 Sep 21 Coulter David A Common Stock Grant Acquire A No No 181.62 137 24.88K 22,409
15 Sep 21 Daniel E Greenleaf Common Stock Buy Acquire P No No 172.85 581 100.43K 35,078
7 Sep 21 Coliseum Capital Management Common Stock, par value $0.001 per share ("Common Stock") Sell Dispose S Yes No 188.14 260,000 48.92M 1,282,055

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 173 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 19.51K 19.51K
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
American Century Investment Management 19.51K $0 0.0%
Largest transactions
Shares Bought/sold Change
American Century Investment Management 19.51K 0 0.0%

Financial report summary

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Management Discussion
  • Item 2.   Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 3b-6 promulgated thereunder, including statements related to the Company’s strategies or expectations about revenues, liabilities, results of operations, cash flows, ability to fund operations, profitability, ability to meet financial covenants, contracts or market opportunities. These statements are predictive in nature and are frequently identified by the use of terms such as “may,” “will,” “should,” “expect,” “believe,” “estimate,” “intend,” and similar words indicating possible future expectations, events or actions. In addition, statements that are not historical statements of fact should also be considered forward-looking statements. Such forward-looking statements are based on current expectations, assumptions, estimates and projections about our business and our industry, and are not guarantees of our future performance. These statements are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control or predict, that may cause actual events to be materially different from those expressed or implied herein. Among such risks, uncertainties and other factors are those summarized under the caption “Summary Risk Factors” in Part I, and described in further detail under the caption “Risk Factors” in Part I, Item 1A, of our Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, for the fiscal year ended December 31, 2020. Hyperlinks to such sections of our Annual Report are contained in the text included within the quotation marks.
  • You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made and are expressly qualified in their entirety by the cautionary statements set forth herein and in our other filings with the SEC, which you should read in their entirety before making an investment decision with respect to our securities. We undertake no obligation to update or revise any forward-looking statements contained in this release, whether as a result of new information, future events or otherwise, except as required by applicable law.
Content analysis
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Positive
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Uncertain
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Legalese
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H.S. junior Avg
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Removed: agency, comprised, consulting, continued, created, efficiency, indemnified, integration, MCO, multiple, policy, proportional, remove, supply, transition