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 the number of directors
comprising its Board of Directors has been increased to ten, and
that Garth Graham, Stacy Saal, and Rahul Samant have been appointed
to the Company’s Board of Directors.
Chris Shackelton, Chairman of the Board of ModivCare, shared,
“The addition of our three new directors marks another important
milestone for ModivCare. This notable group of leaders brings
differentiated and complementary talent and experience to our
Board. We are proud to be building a transformative
value-proposition within the health care industry for our patients
and partners, and we are confident that each of our new directors
shares our commitment to this mission. Garth Graham is a leading
authority on social determinants of health and has extensive
experience in community and public health, including with companies
such as Google, CVS Health Corporation and Aetna, Inc. Stacy Saal
has excelled at elevating the customer experience and driving
results throughout her career, including more than a decade in key
leadership roles within prominent divisions of Amazon, such as
Amazon Fresh and Prime Now. Rahul Samant has a stellar three-decade
track record implementing technological and operational
enhancements at companies such as Delta Air Lines, Inc., American
Insurance Group, Inc., and Bank of America Corporation.”
Dan Greenleaf, President and Chief Executive Officer of
ModivCare, added, “The breadth of experience that these visionary
leaders bring to ModivCare will enable us to continue to innovate
our technology platform, elevate the patient experience, and
dismantle the barriers to care. We welcome Garth, Stacy, and Rahul
to the Board and look forward to their guidance as we continue to
drive transformational growth at ModivCare through an expanded
suite of services that address the social determinants of
health.”
Garth Graham, MD, brings to ModivCare’s Board
approximately two decades of extensive healthcare experience, with
an emphasis on community and public health. He currently serves as
Director and Global Head of Healthcare and Public Health,
Google/YouTube at Alphabet, Inc. Previously, he was Chief Community
Health Officer at CVS Health Corporation; President of Aetna
Foundation and Vice President, Community Health at Aetna, Inc.;
Assistant Dean, Health Policy and Chief, Health Services Research
at University of Florida’s Department of Medicine; and Attending
Physician at The Massachusetts General Hospital. Dr. Graham started
his career serving in two U.S. administrations as U.S. Deputy
Assistant Secretary for Health where he led the development of the
federal government’s first national health disparities plan. An
elected member of the National Academy of Medicine, he serves on
several boards, including: The National Heart, Lung, and Blood
Institute Advisory Council; the Institute of Medicine Board on
Population Health; and the Board of the National Quality Forum. He
graduated with a BS in Biology from Florida International
University, an MPH from Yale School of Public Health, and an MD
from Yale University’s School of Medicine.
Stacy Saal brings to ModivCare’s Board nearly twenty-five
years of broad leadership experience in strategy, team building,
marketing, operations, and product management all unified by a
strong focus on the customer experience. She currently serves as
Chief Operating Officer of Babylon Inc. Previously, she held
various executive leadership roles in marketing, operations, and
general management at Amazon.com, Inc. Previously, she was Vice
President, Operations at GlobalWine, Chief Executive Officer of
Tom’s Cookies, and Director, Demand Planning, Dockers Brand at Levi
Strauss & Co. At the start of her career, Ms. Saal held
merchandising, operational and supply chain optimization roles at
Williams-Sonoma, Inc. She graduated with a BA in Economics from
Sonoma State University.
Rahul Samant brings to ModivCare’s Board more than thirty
years of technological and operational leadership experience. He
currently serves as Executive Vice President and Chief Information
Officer at Delta Air Lines, Inc. Previously, he was Chief Digital
Officer and Global Head of Application Development and Management
at American International Group, Inc. and held various technology
leadership roles at Bank of America Corporation, including: Chief
Information Officer and Head of Technology and Operations for
Global Wealth and Investment Management; Managing Director, Global
Delivery; and Fixed Income Securities Technology Executive. Mr.
Samant commenced his career at Unisys. He graduated with BS in
Electronics Engineering from University of Mumbai and an MBA in
General Management from Wake Forest University.
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/20210419005227/en/
Investor Contact: The Equity Group Kalle Ahl, CFA T:
(212) 836-9614 kahl@equityny.com
ModivCare (NASDAQ:MODV)
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