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Modivcare Stock Drops 4.57%: Q1 2025 Revenue Woes & Strategic Shifts
Friday, Jun 6, 2025 4:15 am ET1min read
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).
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