Private company

ModivCare Inc

American transportation services company based in Stamford, active since 1996.

Last updated Oct 18, 2026.

Overview

IndustryTransportation Services
HeadquartersStamford, United States
Incorporated inDE²
Business address6900 Layton Avenue, 12Th Floor, Denver, Co 80237²
Filer categoryAccelerated filer²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-3.3%Operating margin³

-7.2%Net margin³

1.3%Revenue growth, 2024³

-$34.0MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2024

Cost of revenueOther costs

Cost of revenue85¢$2.4B
Other costs15¢$414.9M
Income tax0¢$5.5M

Out of $2.8B in revenue.³ The company lost money this year.

Financial statements

Revenue⁴⁵⁶⁷³$2.8B in 2024+101% since 2018

Operating income⁴⁵⁶⁷³-$92.8M in 2024

Net income⁴⁵⁶⁷³-$201.3M in 2024+960% since 2018

Fiscal year	2018	2019	2020	2021	2022	2023	2024
Revenue	$1.4B⁴	$1.5B⁵	$1.4B⁶	$2.0B⁷	$2.5B³	$2.8B³	$2.8B³
Cost of revenue	$1.3B⁴	$1.4B⁵	$1.1B⁶	$1.6B⁷	$2.0B³	$2.3B³	$2.4B³
Operating income	$24.3M⁴	$24.7M⁵	$122.0M⁶	$89.4M⁷	$57.1M³	-$139.9M³	-$92.8M³
Income tax	$4.7M⁴	$6.9M⁵	$22.0M⁶	$8.6M⁷	-$3.0M³	-$4.3M³	-$5.5M³
Net income	-$19.0M⁴	$966.0K⁵	$88.8M⁶	-$6.6M⁷	-$31.8M³	-$204.5M³	-$201.3M³
Earnings per share	-$1.95⁴	-$0.26⁵	$2.39⁶	-$0.47⁷	-$2.26³	-$14.43³	-$14.14³
Earnings per share (diluted)	-$1.94⁴	-$0.26⁵	$2.37⁶	-$0.47⁷	-$2.26³	-$14.43³	-$14.14³

Total assets¹⁰⁴⁶⁷³$1.7B in 2024+190% since 2018

Total liabilities¹⁰⁴⁵⁶⁷³$1.7B in 2024+834% since 2018

Shareholders’ equity¹⁰⁶⁷³-$38.5M in 2024

Cash¹⁰⁴⁵⁶⁷³$112.6M in 2024+1883% since 2018

Long-term debt⁶⁷³$986.4M in 2024+1% since 2021

Fiscal year	2018	2019	2020	2021	2022	2023	2024
Cash	$5.7M¹⁰	$61.4M⁴	$183.3M⁵	$133.1M⁶	$14.5M⁷	$2.2M³	$112.6M³
Current assets	$211.0M¹⁰	$256.4M⁴	$419.5M⁵	$409.8M⁶	$346.2M⁷	$404.9M³	$495.4M³
Total assets	$569.6M¹⁰	$597.4M⁴	$1.4B⁶	$2.0B⁷	$1.9B³	$1.8B³	$1.7B³
Current liabilities	$142.9M¹⁰	$150.2M⁴	$317.7M⁵	$527.2M⁶	$491.6M⁷	$520.4M³	$624.5M³
Long-term debt				$975.2M⁶	$979.4M⁷	$983.8M³	$986.4M³
Total liabilities	$181.3M¹⁰	$202.7M⁴	$1.0B⁵	$1.7B⁶	$1.6B⁷	$1.6B³	$1.7B³
Shareholders’ equity	$311.0M¹⁰	$317.6M⁶	$411.6M⁷	$373.3M³	$354.6M³	$156.2M³	-$38.5M³
Shares outstanding	17.8M shares¹⁰	18.1M shares⁴	19.6M shares⁵	19.6M shares⁶	19.7M shares⁷	19.8M shares³	19.9M shares³

Cash from operations⁴⁵⁶⁷³-$6.4M in 2024

Capital spending⁴⁵⁶⁷³$27.6M in 2024+58% since 2018

Free cash flow⁴⁵⁶⁷³-$34.0M in 2024+254% since 2018

Share buybacks⁴⁵⁶⁷$0 in 2023

Fiscal year	2018	2019	2020	2021	2022	2023	2024
Cash from operations	$7.9M⁴	$60.9M⁵	$348.4M⁶	$186.8M⁷	-$10.4M³	-$83.0M³	-$6.4M³
Capital spending	$17.5M⁴	$10.9M⁵	$12.2M⁶	$21.3M⁷	$33.0M³	$42.3M³	$27.6M³
Free cash flow	-$9.6M	$50.1M	$336.3M	$165.5M	-$43.4M	-$125.3M	-$34.0M
Dividends paid			$800.0K⁶
Share buybacks	$56.1M⁴	$6.8M⁵	$10.2M⁶	$40.0M⁷	$0⁷	$0⁷

Compare ModivCare Inc with another company

Leadership

Who has led ModivCare Inc, and when. Pick a name to see everywhere that person has worked.

Chief executive officerL. Heath Sampson Nov 23, 2022 to now¹¹
Chief executive officerWilliam Severance Jan 3, 2019 to Feb 4, 2019¹²
Chief executive officerDaniel E. Greenleaf Dec 13, 2019 to Feb 10, 2022¹³
Chief executive officerR. Carter Pate Nov 22, 2017 to Nov 13, 2019¹⁴
Chief executive officerMichael C. Fidgeon Jan 12, 2015 to Aug 10, 2015¹⁵
Chief executive officerJames M. Lindstrom Aug 10, 2015 to Nov 17, 2017¹⁶
Chief executive officerWalter W. Cooper Nov 7, 2014 to Mar 22, 2016¹⁷
Chief executive officerCraig A. Norris Mar 18, 2013 to Jan 15, 2014¹⁸
Chief executive officerWarren Rustand Nov 23, 2012 to Apr 6, 2015¹⁹
Chief executive officerJohn Shermyen Dec 11, 2007 to May 14, 2009²⁰
Chief executive officerFletcher Jay McCusker Jan 5, 2006 to Oct 2, 2012²¹
PresidentAnne E. Bailey Mar 30, 2023 to now²²
PresidentJason E. Anderson Jan 20, 2022 to Feb 24, 2022²³
PresidentIlias Simpson May 9, 2022 to Nov 23, 2022²⁴
PresidentL. Heath Sampson Nov 23, 2022 to Mar 30, 2023¹¹
PresidentDaniel E. Greenleaf Dec 13, 2019 to Feb 10, 2022¹³
PresidentWilliam Boyd Dover Apr 12, 2006 to Apr 14, 2006²⁵
Chief financial officerBarbara Gutierrez Sep 20, 2023 to now²⁶
Chief financial officerL. Heath Sampson Mar 2, 2021 to Sep 5, 2023²⁷
Chief financial officerWilliam Severance Apr 11, 2018 to Apr 11, 2018²⁸
Chief financial officerKevin M. Dotts Aug 29, 2018 to Sep 26, 2019²⁹
Chief financial officerJames M. Lindstrom Jan 22, 2015 to Jul 8, 2015³⁰
Chief financial officerDavid Casey Shackelton Aug 10, 2015 to Mar 16, 2018³¹
Chief financial officerRobert E. Wilson Dec 11, 2012 to Mar 20, 2015³²
Chief financial officerMichael N. Deitch Jun 20, 2006 to Sep 6, 2012³³
Chief operating officerKenneth W. Wilson May 8, 2020 to May 6, 2021³⁴
Chief operating officerMichael C. Fidgeon Apr 25, 2014 to Apr 25, 2014³⁵
Chief operating officerCraig A. Norris Apr 12, 2006 to Jan 25, 2013³⁶

Board members and other officers (47)

Exec VP Personal Care ServicesChelsey Berstler Oct 28, 2024 to now³⁷
Chief Information OfficerJessica Kral Jun 7, 2023 to now³⁸
Chief People OfficerHenry Toledo Sep 7, 2023 to now³⁹
SVP, Chief Accounting OfficerRebecca Orcutt Oct 27, 2022 to now⁴⁰
Vice President, CAOKenneth Shepard Jul 28, 2021 to Jul 21, 2022⁴¹
Chief Human Resources OfficerGrover Wray Oct 29, 2021 to Feb 10, 2023⁴²
Chief Accounting OfficerSuzanne G. Smith Mar 11, 2019 to Sep 26, 2019⁴³
SVP, GC and SecretaryKathryn Stalmack Aug 29, 2019 to Feb 12, 2021⁴⁴
Interim CAOLaurence Michael Orton Apr 18, 2018 to Jan 3, 2019⁴⁵
SVP of Strategic ServicesMatthew Umscheid Apr 8, 2016 to Mar 17, 2017⁴⁶
Chief Accounting OfficerWilliam Severance Apr 8, 2016 to Feb 1, 2018⁴⁷
SVP & Chief People OfficerJustina M. Uzzell Apr 25, 2014 to Aug 10, 2015⁴⁸
Chief Strategy OfficerLeamon A. Crooms Iii. Feb 8, 2010 to Jun 11, 2013⁴⁹
Chief Strategic OfficerJohn Shermyen Dec 16, 2009 to Dec 16, 2009⁵⁰
Exec. VP of Program ServicesMary J. Shea Apr 12, 2006 to Jun 8, 2009⁵¹
Board memberCraig A. Barbarosh Jan 3, 2025 to now⁵²
Board memberNeal P. Goldman Jan 3, 2025 to now⁵³
Board memberErin L. Russell Feb 14, 2025 to now⁵⁴
Board memberAlexander R. Cunningham Mar 17, 2025 to now⁵⁵
Board memberDavid Mounts Gonzales Mar 17, 2025 to now⁵⁶
Board memberDaniel B. Silvers Apr 28, 2025 to now⁵⁷
Board memberL. Heath Sampson Feb 10, 2023 to now⁵⁸
Board memberGarth Graham Apr 29, 2021 to now⁵⁹
Board memberRahul D. Samant Apr 29, 2021 to now⁶⁰
Board memberStacy Saal Apr 29, 2021 to Oct 3, 2023⁶¹
Board memberDaniel E. Greenleaf Dec 13, 2019 to Feb 10, 2022¹³
Board memberDavid A. Coulter Jul 6, 2016 to now⁶²
Board memberFrank J. Wright Jul 6, 2016 to now⁶³
Board memberTodd J. Carter Jul 7, 2016 to now⁶⁴
Board memberJames M. Lindstrom Sep 7, 2016 to Nov 17, 2017⁶⁵
Board memberLeslie Norwalk V. Nov 5, 2015 to now⁶⁶
Board memberAdam Gray Aug 2, 2013 to now⁶⁷
Board memberChristopher S. Shackelton Jul 31, 2012 to now⁶⁸
Board memberRichard A. Kerley May 27, 2010 to now⁶⁹
Board memberCraig A. Norris Jan 2, 2009 to Mar 9, 2010⁷⁰
Board memberTerence James Cryan May 14, 2009 to Jun 16, 2010⁷¹
Board memberKristi Meints Jan 8, 2007 to Jun 14, 2018⁷²
Board memberRichard Singleton Jan 8, 2007 to Jun 16, 2010⁷³
Board memberSteven I. Geringer Jan 8, 2007 to Jun 26, 2007⁷⁴
Board memberWarren Rustand Jan 8, 2007 to Apr 6, 2015⁷⁵
Board memberFletcher Jay McCusker Jan 5, 2006 to Oct 2, 2012²¹
Board memberHunter Hurst Iii. Apr 13, 2006 to Feb 15, 2012⁷⁶
General counselFaisal Khan Oct 28, 2024 to now⁷⁷
General counselMargaret Chinta Gaston Jan 3, 2019 to Jan 3, 2019⁷⁸
General counselSophia D. Tawil Apr 26, 2016 to Dec 18, 2017⁷⁹
General counselMichael-Bryant Hicks Jan 8, 2014 to Feb 26, 2016⁸⁰
General counselFred D. Furman Apr 14, 2006 to Jan 3, 2014⁸¹

Former names

PROVIDENCE SERVICE CORPJun 19, 2003 to Jan 4, 2021²

Timeline

Nov 23, 2022New chief executive L. Heath Sampson becomes CEO¹¹
Dec 13, 2019New chief executive Daniel E. Greenleaf becomes CEO¹³
Jan 3, 2019New chief executive William Severance becomes CEO¹²
Nov 22, 2017New chief executive R. Carter Pate becomes CEO¹⁴
Aug 10, 2015New chief executive James M. Lindstrom becomes CEO¹⁶
Jan 12, 2015New chief executive Michael C. Fidgeon becomes CEO¹⁵
Nov 7, 2014New chief executive Walter W. Cooper becomes CEO¹⁷
Mar 18, 2013New chief executive Craig A. Norris becomes CEO¹⁸
Nov 23, 2012New chief executive Warren Rustand becomes CEO¹⁹
Dec 11, 2007New chief executive John Shermyen becomes CEO²⁰
Jan 5, 2006New chief executive Fletcher Jay McCusker becomes CEO²¹
Dec 20, 1996Founded ModivCare Inc is founded⁸²

Filings

336 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 62 major events, 167 insider forms, 52 large holders, 38 other. The latest 20:

The 336 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 52 such filings since October 2021, the latest 10:

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARModivCare Inc filings on SEC EDGAR
2
SEC EDGARModivCare Inc filings on SEC EDGAR
3
SEC EDGARModivCare Inc 10-K for fiscal 2024
4
SEC EDGARModivCare Inc 10-K for fiscal 2018
5
SEC EDGARModivCare Inc 10-K for fiscal 2019
6
SEC EDGARModivCare Inc 10-K for fiscal 2020
7
SEC EDGARModivCare Inc 10-K for fiscal 2021
8
SEC EDGARModivCare Inc 10-Q for fiscal 2025
9
SEC EDGARModivCare Inc 10-Q for fiscal 2025
10
SEC EDGARModivCare Inc 10-K for fiscal 2018
11
SEC EDGARL. Heath Sampson, Chief executive officer
12
SEC EDGARWilliam Severance, Chief executive officer
13
SEC EDGARDaniel E. Greenleaf, Chief executive officer
14
SEC EDGARR. Carter Pate, Chief executive officer
15
SEC EDGARMichael C. Fidgeon, Chief executive officer
16
SEC EDGARJames M. Lindstrom, Chief executive officer
17
SEC EDGARWalter W. Cooper, Chief executive officer
18
SEC EDGARCraig A. Norris, Chief executive officer
19
SEC EDGARWarren Rustand, Chief executive officer
20
SEC EDGARJohn Shermyen, Chief executive officer
21
SEC EDGARFletcher Jay McCusker, Chief executive officer
22
SEC EDGARAnne E. Bailey, President
23
SEC EDGARJason E. Anderson, President
24
SEC EDGARIlias Simpson, President
25
SEC EDGARWilliam Boyd Dover, President
26
SEC EDGARBarbara Gutierrez, Chief financial officer
27
SEC EDGARL. Heath Sampson, Chief financial officer
28
SEC EDGARWilliam Severance, Chief financial officer
29
SEC EDGARKevin M. Dotts, Chief financial officer
30
SEC EDGARJames M. Lindstrom, Chief financial officer
31
SEC EDGARDavid Casey Shackelton, Chief financial officer
32
SEC EDGARRobert E. Wilson, Chief financial officer
33
SEC EDGARMichael N. Deitch, Chief financial officer
34
SEC EDGARKenneth W. Wilson, Chief operating officer
35
SEC EDGARMichael C. Fidgeon, Chief operating officer
36
SEC EDGARCraig A. Norris, Chief operating officer
37
SEC EDGARChelsey Berstler, Exec VP Personal Care Services
38
SEC EDGARJessica Kral, Chief Information Officer
39
SEC EDGARHenry Toledo, Chief People Officer
40
SEC EDGARRebecca Orcutt, SVP, Chief Accounting Officer
41
SEC EDGARKenneth Shepard, Vice President, CAO
42
SEC EDGARGrover Wray, Chief Human Resources Officer
43
SEC EDGARSuzanne G. Smith, Chief Accounting Officer
44
SEC EDGARKathryn Stalmack, SVP, GC and Secretary
45
SEC EDGARLaurence Michael Orton, Interim CAO
46
SEC EDGARMatthew Umscheid, SVP of Strategic Services
47
SEC EDGARWilliam Severance, Chief Accounting Officer
48
SEC EDGARJustina M. Uzzell, SVP & Chief People Officer
49
SEC EDGARLeamon A. Crooms Iii., Chief Strategy Officer
50
SEC EDGARJohn Shermyen, Chief Strategic Officer
51
SEC EDGARMary J. Shea, Exec. VP of Program Services
52
SEC EDGARCraig A. Barbarosh, Board member
53
SEC EDGARNeal P. Goldman, Board member
54
SEC EDGARErin L. Russell, Board member
55
SEC EDGARAlexander R. Cunningham, Board member
56
SEC EDGARDavid Mounts Gonzales, Board member
57
SEC EDGARDaniel B. Silvers, Board member
58
SEC EDGARL. Heath Sampson, Board member
59
SEC EDGARGarth Graham, Board member
60
SEC EDGARRahul D. Samant, Board member
61
SEC EDGARStacy Saal, Board member
62
SEC EDGARDavid A. Coulter, Board member
63
SEC EDGARFrank J. Wright, Board member
64
SEC EDGARTodd J. Carter, Board member
65
SEC EDGARJames M. Lindstrom, Board member
66
SEC EDGARLeslie Norwalk V., Board member
67
SEC EDGARAdam Gray, Board member
68
SEC EDGARChristopher S. Shackelton, Board member
69
SEC EDGARRichard A. Kerley, Board member
70
SEC EDGARCraig A. Norris, Board member
71
SEC EDGARTerence James Cryan, Board member
72
SEC EDGARKristi Meints, Board member
73
SEC EDGARRichard Singleton, Board member
74
SEC EDGARSteven I. Geringer, Board member
75
SEC EDGARWarren Rustand, Board member
76
SEC EDGARHunter Hurst Iii., Board member
77
SEC EDGARFaisal Khan, General counsel
78
SEC EDGARMargaret Chinta Gaston, General counsel
79
SEC EDGARSophia D. Tawil, General counsel
80
SEC EDGARMichael-Bryant Hicks, General counsel
81
SEC EDGARFred D. Furman, General counsel
82
gleifModivCare Inc is founded