Modivcare Stock Drops 4.57%: Q1 2025 Revenue Woes & Strategic Shifts

Modivcare Inc. fell 4.57% in premarket trading, with the company reporting Q1 2025 revenue of $650.7 million, down 5% year-over-year, but securing two new Medicaid management contracts worth approximately $52 million annually and implementing strategic agreements to expand and reduce costs, including digitalization and cross-departmental operational reorganization in non-emergency medical transportation (NEMT).