ModivCare Inc.: Business Overview, Financials & Competitive Analysis
ModivCare Inc. scores 3/10 on the AskCyborg Cyborg Score (Challenged). ModivCare operates in a strategically important healthcare niche but faces severe financial distress that limits near-term viability and investor confidence. In August 2025, ModivCare began a financial restructuring process with a Chapter 11 bankruptcy filing. The company faces significant financial distress with negative operating income and liquidity constraints, despite operating.
What is ModivCare Inc.'s industry? ModivCare Inc. (modivcare.com) operates in Healthcare Services - Supportive Care and Non-Emergency Medical Transportation. AskCyborg classifies ModivCare Inc. under Healthcare Services - Supportive Care and Non-Emergency Medical Transportation in its company registry.
ModivCare Inc. is an American social services corporation based in Denver, Colorado, primarily providing non-emergency medical transportation for Medicaid recipients nationwide. The company is a technology-enabled hea...
Cyborg Score thesis
ModivCare operates in a strategically important healthcare niche but faces severe financial distress that limits near-term...
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Get Current Report FreeModivCare Inc. Overview
Pro stress-test →ModivCare Inc. is an American social services corporation based in Denver, Colorado, primarily providing non-emergency medical transportation for Medicaid recipients nationwide. The company is a technology-enabled healthcare services company which provides a suite of integrated supportive care solutions for public and private payors and their patients.
Strategic Profile
Pro stress-test →ModivCare operates through three main segments: non-emergency medical transportation, personal care services, and remote patient monitoring, each designed to support comprehensive patient care. The company distinguishes itself through its commitment to integrating technology with healthcare services by employing innovative digital platforms and data analytics that streamline care coordination between payors, care providers, and patients, and supports comprehensive monitoring through RPM.
Competitive Landscape
Pro stress-test →ModivCare operates in the non-emergency medical transportation and supportive care services market, competing with regional and national providers including specialized NEMT operators, managed care organizations, and integrated healthcare platforms. The market is fragmented with significant Medicaid dependency, creating barriers to entry through network effects and regulatory relationships. Key competitors address similar social determinants of health metrics for vulnerable populations.
Industry Context
ModivCare Inc. operates in Healthcare Services - Supportive Care and Non-Emergency Medical Transportation.
Key facts
Founded: 1996 · Headquarters: Denver, Colorado · Employees: 23,675 · Revenue: $2.8B