ModivCare Inc. Announces Authorization of $75 Million Stock Repurchase Program
09 3월 2021 - 7:40AM
Business Wire
ModivCare Inc. (“ModivCare” or the “Company”) (Nasdaq: MODV), a
technology-enabled healthcare services company that provides a
suite of integrated supportive care solutions focused on improving
patient outcomes, today announced that its Board of Directors has
approved a $75 million stock repurchase program (the “2021 Stock
Repurchase Program”), effective as of March 11, 2021.
Under the 2021 Stock Repurchase Program, the Company may
repurchase common stock, par value $0.001 per share with an
aggregate value of up to $75 million through December 31, 2021. The
2021 Stock Repurchase Program does not obligate the Company to
repurchase any particular amount of common stock, and it could be
modified, suspended, or discontinued at any time. Purchases of the
Company’s common stock may be made in open market transactions
effected through a broker-dealer at prevailing market prices, in
block trades, or by other means in accordance with federal
securities laws.
This press release is for informational purposes only and is
neither an offer to buy nor the solicitation of an offer to sell,
any of ModivCare Inc.’s common stock.
About ModivCare Inc.
ModivCare Inc. (Nasdaq: MODV) is a technology-enabled healthcare
services company, which provides a suite of integrated supportive
care solutions for public and private payors and their patients.
ModivCare’s value-based solutions address the social determinants
of health (SDoH), enable greater access to care, reduce costs, and
improve outcomes. ModivCare is a leading provider of non-emergency
medical transportation (NEMT), personal and home care, and
nutritional meal delivery. ModivCare also holds a minority equity
interest in CCHN Group Holdings, Inc. and its subsidiaries (“Matrix
Medical Network”), which partners with leading health plans and
providers nationally, delivering a broad array of assessment and
care management services to individuals that improve health
outcomes and health plan financial performance. To learn more about
ModivCare, please visit: www.modivcare.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
predictive in nature and are identified by the use of the terms
“may,” “could,” “will,” “look forward to” and “aim,” and similar
words indicating possible future expectations, events or actions.
Such forward-looking statements are based on current expectations,
assumptions, estimates and projections about the Company’s business
and the Company’s industry, and are not guarantees of the Company’s
future performance. These statements are subject to a number of
known and unknown risks, uncertainties and other factors, many of
which are beyond the Company’s ability to control or predict, which
may cause actual events to be materially different from those
expressed or implied herein. The Company has provided additional
information about the risks facing the Company’s business in its
most recent annual report on Form 10-K, and any subsequent
quarterly reports on Form 10-Q and current reports on Form 8-K
filed by the Company with the U.S. Securities and Exchange
Commission (the “Commission”). You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date the statement was made and are expressly qualified in
their entirety by the cautionary statements set forth herein and in
the filings with the Commission identified above, which you should
read in their entirety before making an investment decision with
respect to the Company’s securities. The Company undertakes no
obligation to update or revise any forward-looking statements
contained in this release, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210308005909/en/
Investors: The Equity Group Kalle Ahl, CFA T: (212)
836-9614 kahl@equityny.com
ModivCare (NASDAQ:MODV)
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ModivCare (NASDAQ:MODV)
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