Updates
** Shares of healthcare service provider Modivcare MODV.O fell as much as 67% to record low of 61 cents
** Stock set for its worst day in over 16 years, if losses hold
** Late on Wednesday, company said it had filed for Chapter 11 bankruptcy protection to restructure its finances
** Company is expected to cut total funded debt by about $1.1 billion
** Lenders are providing $100 mln in new financing to keep operations running
** Modivcare expects to complete the bankruptcy process by early Q4 2025
** Including session moves, stock down 94% YTD
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))
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