ModivCare

What ModivCare does

ModivCare (NASDAQ: MODV) is a Denver-headquartered, publicly traded healthcare services company that delivers integrated supportive care to Medicaid and Medicare populations across more than 35 U.S. states. The company operates three core service lines: Non-Emergency Medical Transportation (NEMT) brokerage, in-home personal care, and remote patient monitoring (including PERS, the Care Everyday platform, and the Anywhere Care community health-station network acquired via Higi). Its technology backbone, the Mobility Access Platform, integrates with payer and health-system systems for real-time ride visibility, automated trip fulfillment, and digitized dispatch, supported by member-facing (MyModivcare), facility-facing (TripCare, Modivcare Connect), and provider-facing (WellRyde) portals.

The company's business model is primarily managed services: per-trip and per-member fees paid by state Medicaid agencies, Medicaid managed care organizations, Medicare Advantage plans, health systems, and commercial payers under enterprise contracts, supplemented by subscription-based recurring revenue from remote monitoring services. NEMT is delivered through a brokerage model with 6,500+ subcontracted transportation providers operating 26,000+ vehicles, while personal care is delivered by approximately 15,000 in-home caregivers across Northeast personal-care subsidiaries (CareFinders, All Metro, Freedom Home Care MA, Multicultural Home Care, Caregivers America). At scale, ModivCare reports managing 34 million lives, delivering 35 million paid NEMT trips annually, 25 million hours of in-home care, and more than 1 billion cumulative moments of care, with stated North American NEMT market share above 45%.

ModivCare's scale is the product of significant M&A: the 2021 acquisitions of CareFinders Total Care ($340M) and VRI Intermediate Holdings ($315M) built the personal care and monitoring pillars, and the 2023 acquisition of Higi added the community-based Smart Health Station footprint. The company carries certifications including HITRUST, SOC 2 Type II, HIPAA, ISO 27001, and ISO 27701. Financial performance deteriorated through 2024, culminating in a Chapter 11 bankruptcy filing in August 2025 with $1.3B in debt; ModivCare emerged from restructuring by year-end 2025 after shedding $1.1B in liabilities, with Coliseum Capital holding 31.40% of post-restructuring equity and a refreshed executive team now executing an operational turnaround.

Name

ModivCare

Legal name

Modivcare Solutions, LLC

Website

https://modivcare.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

ModivCare is a publicly traded (NASDAQ: MODV) Denver-based healthcare services company providing non-emergency medical transportation brokerage, in-home personal care, and remote patient monitoring to Medicaid and Medicare populations across 35+ U.S. states.

Ownership category

akta.pro rank

Product category

Healthcare Support Services

NAICS

Services for the Elderly and Persons with Disabilities (62412), Social Assistance (624), Individual and Family Services (6241)

SIC

Transportation Services (4700), Services-Health Services (8000), Services-Home Health Care Services (8082)

akta.pro primary industry

Managed Transportation Programs (Health Plans/MCOs/TPAs) (TLAFAKAF)

akta.pro secondary industry

Non-Emergency Medical Transportation (NEMT) Providers (TLAFAKAB)

Keywords

• Non-emergency medical transportation
• Personal care services
• Remote patient monitoring
• Medicaid managed services
• Integrated supportive care

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Non-Emergency Medical Transportation (NEMT): Core transportation brokerage services connecting Medicaid and Medicare members to medically necessary care. Modivcare coordinates rides through a network of transportation providers, earning fees from government programs and health plans for trip management, scheduling, and oversight.
2. Personal Care Services: In-home care services including assistance with activities of daily living, meal preparation, hygiene, household chores, companionship, and skilled nursing. Services delivered by employed or contracted caregivers in member homes. Revenue from government Medicaid programs and health plan contracts.
3. Remote Monitoring: Subscription-based monitoring services including PERS (Personal Emergency Response Systems), Care Everyday platform, and Anywhere Care community health stations. Revenue generated through monthly per-user fees from health plans and value-based care arrangements.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

ModivCare is a healthcare services company that provides non-emergency medical transportation (NEMT), in-home personal care, and remote patient monitoring services, primarily to Medicaid and Medicare members. The company coordinates care using a technology-enabled platform across a network of 6,500+ transportation providers operating 26,000+ vehicles and a workforce of 15,000+ caregivers.

Product overview

ModivCare is a technology-enabled healthcare services company offering a platform of integrated supportive care solutions. The core offering consists of four main service areas: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Monitoring, and Integrated Supportive Care. These are unified through the Mobility Access Platform, which provides the technological backbone for NEMT operations. Supporting the platform are member-facing tools including MyModivcare portal, WellRyde for transportation providers, Modivcare Connect for on-demand ride ordering, and TripCare for facility management. Remote monitoring services include PERS, Anywhere Care, and Care Everyday platforms. The company has grown through acquisitions including VRI (remote monitoring) and CareFinders Total Care (personal care), with these brands now operating under the ModivCare umbrella.

Differentiator

Problem solved

Functional benefit

Brands

• Care Everyday: Acuity-based monitoring platform backed by 50-state clinical network for high-risk, high-cost, hard to reach cohorts.
• WellRyde
• VRI

Products and services

• Non-Emergency Medical Transportation (NEMT) Scheduled and on-demand transportation of members to and from medical appointments, dialysis, behavioral health, and other healthcare visits, delivered via a national network of transportation providers. Customers are state Medicaid agencies, managed care plans, Medicare Advantage plans, and health systems.
• Personal Care Services In-home non-clinical personal care assistance with activities of daily living (bathing, dressing, meal preparation, mobility) delivered by caregivers to Medicaid and Medicare-eligible members in their homes.
• Remote Patient Monitoring Continuous in-home monitoring of members' vital signs, activity, and emergencies using connected devices, with clinical and emergency response support. Targets health plans and at-risk member populations.
• Integrated Supportive Care A bundled care program that combines transportation, in-home personal care, and remote monitoring to address social determinants of health for managed care plan members, particularly those with complex/chronic conditions or aging-in-place needs.
• Mobility Access Platform Enterprise technology platform used by ModivCare to schedule, dispatch, and manage NEMT trips across the national transportation provider network, including real-time tracking, eligibility verification, and reporting for health plan partners.

Quantifiable outcome

• 40-70% savings on pure ride costs for health systems
• +5 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered minor and core.

• VeyominorStrategic or Co-development Partner · 15 June 2026Josh Komenda, former founder and CEO of Veyo (a NEMT company serving Medicaid and Medicare populations), joined Modivcare as CEO of the NEMT business unit. Veyo expanded from 2 to 9 states with 8.4M+ annual trips under Komenda's leadership.
• Brightwood HealthminorStrategic or Co-development Partner · 15 June 2026Founded by Josh Komenda (now Modivcare NEMT CEO), Brightwood Health is an in-home care company dedicated to helping older adults age safely, independently, and with dignity.
• VRI Intermediate Holdings, LLCcoreStrategic or Co-development Partner · 3 August 2021Acquired for $315 million in 2021, VRI is a provider of remote patient monitoring solutions. The acquisition enhances Modivcare's supportive care offerings and improves patient outcomes through advanced data analytics and technology.
• CareFinders Total Care LLCcoreStrategic or Co-development Partner · 26 July 2021Acquired for $340 million in 2021, CareFinders is a personal care provider in the Northeast. The deal expanded Modivcare's personal care segment with significant increases in caregivers and annual care hours.

Scale indicators18 records

Recent moves7 records

Expansion highlights6 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MODIVCare
• Facebookfacebook.com/ModivCareCareers
• LinkedInlinkedin.com/company/modivcare

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries10 records

Funding overview

Funding rounds5 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ModivCare