Trade ModivCare Inc - MODV CFD

ModivCare Inc. Company profile

About ModivCare Inc

ModivCare Inc. is a technology-enabled healthcare services company that provides non-emergency medical transportation (NEMT), personal care, and remote patient monitoring (RPM) solutions. The Company’s segments include NEMT, Personal Care, RPM and Matrix Investment. NEMT operates primarily under the brands ModivCare Solutions and Circulation. Personal Care operates under the brands Simplura and Care Finders, provides personal care to Medicaid patient populations, including seniors and disabled adults, in need of care monitoring and assistance performing activities of daily living. RPM segment operates under the VRI brand, is a provider of remote patient monitoring solutions, including personal emergency response systems, vitals monitoring and data-driven patient engagement solutions. Matrix Investment consists of a minority investment in Matrix, including its clinical care and clinical solutions businesses.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, ModivCare Inc revenues increased 46% to $2B. Net loss applicable to common stockholders excluding extraordinary items totaled $6.3M vs. income of $33.2M. Revenues reflect NET Services segment increase of 13% to $1.48B. Net loss reflects NET Services segment income decrease of 39% to $73.1M. Basic Earnings per Share excluding Extraordinary Items decreased from $2.45 to -$0.45.

Equity composition

Common Stock $.001 Par, 04/11, 40M auth., 13,580,813 issd., less 619,768 shares in Treas. @ $11.4M . Insiders control 0.92%. IPO: 8/18/03.