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Healthcare Co. Modivcare Hits Ch. 11 To Cut $1.1B Of Debt

By Vince Sullivan · August 21, 2025, 11:00 AM EDT

Technology-enabled healthcare services company Modivcare Inc. filed for Chapter 11 protection in Texas bankruptcy court with plans to recapitalize its balance sheet and cut $1.1 billion of debt....

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Bankruptcy Scorecard

Summary

Nonemergency medical transportation company ModivCare Inc. was pushed towards bankruptcy by issues like state budget cuts, competition from smaller companies and the large amount of debt it hauled along with limited cash.

Case Number

4:25-bk-90309

Judge

Alfredo R.Perez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

About $1.4 billion

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Documents

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Case Information

Case Title

ModivCare Inc.

Case Number

4:25-bk-90309

Court

Texas Southern

Nature of Suit

Date Filed

August 20, 2025

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