Modivcare Announces Acquisition of Guardian Medical Monitoring
18 5월 2022 - 10:00PM
Business Wire
Modivcare Inc. (“Modivcare” or the “Company”) (Nasdaq: MODV), a
technology-enabled healthcare services company that provides a
platform of integrated supportive care solutions focused on
improving patient outcomes, today announced the Company’s Remote
Patient Monitoring (RPM) Segment has acquired Guardian Medical
Monitoring, LLC (“GMM”) from its parent company, Guardian
Alarm.
Guardian Medical Monitoring is a leading provider of remote
patient monitoring solutions to Managed Care Organizations (MCOs)
and state Medicaid payors including Personal Emergency Response
Systems (PERS) and medication management. GMM’s RPM platform
currently monitors approximately 50,000 aging and chronically ill
patients on behalf of their respective payors.
“Remote patient monitoring is essential to Modivcare’s mission
to connect patients to care through our integrated supportive care
platform,” said Daniel E. Greenleaf, Modivcare’s President and
Chief Executive Officer. “Our comprehensive remote patient
monitoring offering allows patients to safely age in their homes
with technology-enabled connectivity to care which increases
patient engagement and reduces costs. We are excited to accelerate
the growth of Modivcare’s RPM Segment with the acquisition of GMM,
and we are excited to welcome the GMM team to Modivcare.”
Jason Anderson, President, Modivcare Home added, “Guardian
Medical Monitoring is a complementary acquisition for Modivcare’s
RPM Segment, strengthening our customer relationships and expanding
our service footprint across key states. Additionally, this
acquisition provides an opportunity to expand our E3 engagement
platform across a larger base of members and payors. Modivcare’s E3
platform helps our partners reduce gaps in care and address social
determinants of health by engaging, educating, and empowering
members using our proprietary platform.”
The terms of the transaction were not disclosed.
About Modivcare
Modivcare Inc. (“Modivcare”) (Nasdaq: MODV) is a
technology-enabled healthcare services company that provides a
platform of integrated supportive care solutions for public and
private payors and their patients. Our value-based solutions
address the social determinants of health (SDoH), enable greater
access to care, reduce costs, and improve outcomes. We are a
leading provider of non-emergency medical transportation (NEMT),
personal care and remote patient monitoring. To learn more about
Modivcare, please visit www.modivcare.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220518005248/en/
Media Kate Zerone Director, Ombudsman &
Communications kate.zerone@modivcare.com
Investors Kevin Ellich Head of Investor Relations
kevin.ellich@modivcare.com
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