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ModivCare Announces CFO and CIO Departures

Story Highlights
  • Modivcare announced the departure of its CFO and CIO as part of a strategic evolution.
  • The company will not replace these roles, focusing on existing teams for modernization efforts.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ModivCare Announces CFO and CIO Departures

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ModivCare ( (MODV) ) has provided an update.

On May 5, 2025, Modivcare announced the planned departures of its Chief Financial Officer, Barb Gutierrez, and Chief Information Officer, Jessica Kral, as part of its strategic business model evolution. The company will not replace these roles, relying instead on existing teams to support its modernization strategy, which includes cost reduction and technology-driven integration efforts. This leadership transition is part of a broader structural shift aimed at increasing organizational speed and accountability.

Spark’s Take on MODV Stock

According to Spark, TipRanks’ AI Analyst, MODV is a Underperform.

ModivCare’s overall score reflects significant financial and operational challenges. The company is facing declining profitability, high leverage, poor cash generation, and a challenging valuation position. While the earnings call highlighted some progress in cost efficiencies and revenue growth, these were overshadowed by major contract losses and uncertainties in Medicaid. The technical analysis shows a bearish trend, further impacting the overall score negatively. Strategic initiatives are needed to address these challenges and improve the company’s financial health.

To see Spark’s full report on MODV stock, click here.

More about ModivCare

Modivcare Inc. is a technology-enabled healthcare services company that offers integrated supportive care solutions for public and private payors. The company focuses on addressing social determinants of health by providing non-emergency medical transportation, personal care services, and in-home monitoring solutions to improve health outcomes and reduce costs.

YTD Price Performance: -88.21%

Average Trading Volume: 499,133

Technical Sentiment Signal: Strong Buy

Current Market Cap: $20.94M

For an in-depth examination of MODV stock, go to TipRanks’ Stock Analysis page.

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