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ModivCare ( (MODV) ) has issued an announcement.
Modivcare Inc. announced it has secured $105 million in additional financing through a $75 million incremental term loan and a $30 million commitment from Coliseum Capital Management to purchase new second lien senior notes. These financial moves, alongside the appointment of Chad Shandler as Chief Transformation Officer and the upcoming addition of three new board directors, aim to strengthen the company’s financial foundation, improve operational performance, and support long-term strategic growth.
More about ModivCare
Modivcare Inc. is a technology-enabled healthcare services company providing integrated supportive care solutions aimed at improving health outcomes.
YTD Price Performance: 0.89%
Average Trading Volume: 226,878
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $178.4M
Learn more about MODV stock on TipRanks’ Stock Analysis page.
