ModivCare Inc. Files for Chapter 11 to Restructure, Reduce Debt by $1.1 Billion

Reuters

08/21

<a href="https://laohu8.com/S/MODV">ModivCare Inc.</a> Files for Chapter 11 to Restructure, Reduce Debt by $1.1 Billion

Modivcare Inc., a technology-enabled healthcare services company, has filed for voluntary Chapter 11 protection to implement a restructuring plan supported by a significant majority of its key stakeholders. The restructuring aims to strengthen Modivcare's financial foundation by reducing its outstanding funded debt obligations by approximately $1.1 billion, over 85% of its total debt. To facilitate this process, the company will receive $100 million in debtor-in-possession financing, ensuring liquidity of over $100 million. This move is expected to transition ownership to a group of seasoned investors committed to Modivcare's success. Operations across all service lines will continue without interruption, with a focus on maintaining service excellence. The company plans to exit the restructuring process by early in the fourth quarter of 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ModivCare Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250820661662) on August 21, 2025, and is solely responsible for the information contained therein.

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Files for Chapter 11 to Restructure, Reduce Debt by $1.1 Billion\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-08-21 08:18</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MODV\">ModivCare Inc.</a> Files for Chapter 11 to Restructure, Reduce Debt by $1.1 Billion\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Modivcare Inc., a technology-enabled healthcare services company, has filed for voluntary Chapter 11 protection to implement a restructuring plan supported by a significant majority of its key stakeholders. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ModivCare Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250820661662) on August 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4196","symbol_name":"保健護理服務","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250821:nNDLc0dDW:1","article_id":"2561433319","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2561433319","pubTimestamp":1755735495,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Modivcare Inc., a technology-enabled healthcare services company, has filed for voluntary Chapter 11 protection to implement a restructuring plan supported by a significant majority of its key stakeholders. 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