ModivCare Stock Surges 32% After Hours Following Chapter 11 Bankruptcy Filing

Benzinga_recent_news2025-08-22

On Thursday, ModivCare Inc. MODV jumped 32.14% in after-hours trading to $0.74 per share following the healthcare services company’s announcement of a Chapter 11 bankruptcy filing paired with a $100 ...

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MODV jumped  32.14% in after-hours trading to $0.74 per share following the healthcare services company’s announcement of a Chapter 11 bankruptcy filing paired with a $100 ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/25/08/47275530/modivcare-stock-surges-32-after-hours-following-chapter-11-bankruptcy-filing\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4109","symbol_name":"特种化学制品","start_time":0,"source_url":"https://www.benzinga.com/markets/equities/25/08/47275530/modivcare-stock-surges-32-after-hours-following-chapter-11-bankruptcy-filing","article_id":"2561236884","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/08/22/Stock-Market-Graph-On-Screen--Ticker-On-.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/equities/25/08/47275530/modivcare-stock-surges-32-after-hours-following-chapter-11-bankruptcy-filing","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2561236884","pubTimestamp":1755843300,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"ModivCare Inc. surged 32.14% after hours to $0.74 following its Chapter 11 bankruptcy filing and $100 million funding from secured lenders.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4109":"特种化学制品","DIP":"BTD CAPITAL FUND","RPM":"RPM International Inc","PCS":"PGIM Corporate Bond 0-5 Year ETF"},"translate_title":"根据美国破产法第11章申请破产后，ModivCare股价盘后飙升32%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RPM":1,"PCS":1,"DIP":1},"content_text":"On Thursday, ModivCare Inc. MODV jumped  32.14% in after-hours trading to $0.74 per share following the healthcare services company’s announcement of a Chapter 11 bankruptcy filing paired with a $100 million investment commitment from secured lenders.\nCheck out the current price of MODV stock here. \nThe technology-enabled healthcare services provider filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas as part of a comprehensive restructuring transaction. More than 90% of First Lien Lenders and over 70% of Second Lien Lenders have entered into a Restructuring Support Agreement (RSA) with the company.\nSee Also: Trump Tariffs Are Shifting The ‘Cost Of Taxes’ From The Rich To The ‘Rest Of America,’ Says Ross Gerber\nThe restructuring will eliminate approximately $1.1 billion in outstanding funded debt obligations, representing more than 85% of total debt. This dramatic debt reduction will significantly lower annual cash interest payments while transferring ownership to seasoned investors committed to the company’s long-term success.\nSecured lenders have committed $100 million in debtor-in-possession (DIP) financing to support ongoing operations during the bankruptcy process. Upon closing, ModivCare will maintain liquidity exceeding $100 million.\n“This recapitalization strengthens our balance sheet and allows Modivcare to accelerate our investment in innovation,” said Heath Sampson, CEO and President. The company expects to exit restructuring by early fourth quarter.\nAll ModivCare service lines—including non-emergency medical transportation (NEMT), personal care services (PCS), and remote patient monitoring (RPM)—will operate without interruption. The company has filed motions to meet obligations to clients, vendors, transportation providers, and employees during the restructuring process.\nPrice Action: MODV stock dropped 69.73% to $0.56, down $1.29 today, according to Benzinga Pro data.\nBenzinga's Edge Stock Rankings indicates MODV stock has a negative price trend across all time frames.  Here is how the stock fares on other parameters.\nRead Next:\nPhoto Courtesy: ST House Studio on Shuttertsock.com\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2561236884","isCrawlerRequest":true}