Modivcare Solutions, LLC
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Modivcare Solutions, LLC - overview
Established
1986
Location
Denver, CO, US
Primary Industry
Healthcare
About
Modivcare Solutions, LLC is a healthcare services provider dedicated to improving access to care for underserved populations through integrated supportive solutions, including transportation, remote monitoring, meal delivery, and in-home care services. Founded in 1986 and headquartered in Denver, US, Modivcare Solutions, LLC specializes in enhancing access to healthcare for its clients. The company has not undergone any significant strategic pivots or operational changes since its inception. It operates as an independent entity without public information on any parent or subsidiary relationships.
The CEO is Daniel Greenleaf, with L. Sampson also holding a leadership role. Modivcare's core offerings encompass a comprehensive suite of integrated supportive care solutions designed to enhance access to healthcare for underserved populations. The company specializes in non-emergency medical transportation, remote patient monitoring, meal delivery, and personal in-home care services.
These solutions aim to address barriers related to social determinants of health, allowing members to receive essential care services, manage chronic conditions, and improve overall health outcomes. Modivcare primarily serves a diverse client base that includes public and private payers, health systems, hospitals, and universities across various geographical markets, including urban and rural areas throughout the United States. The company focuses on facilitating connections to care for individuals who face challenges in accessing necessary health services, thereby promoting equity within the healthcare landscape. Modivcare generates revenue through a structured transaction model that includes partnerships with various healthcare entities, focusing on providing essential services to both clients and end-users.
Revenue streams are derived from service agreements with healthcare providers and payers, who utilize Modivcare's solutions to enhance patient care while reducing costs associated with missed appointments and emergency room visits. Clients engage Modivcare for non-emergency medical transportation services, leading to a fee structure based on the number of trips facilitated. Additionally, the company may implement subscription models for ongoing services such as remote patient monitoring, which require regular interactions and engagement to ensure optimal health management. These transaction structures highlight Modivcare's commitment to delivering value through its comprehensive services, ultimately aiming to foster improved health outcomes for its members.
Primary Industry
Healthcare
Sub Industries
Healthcare
Website
www.modivcare.com
Total Amount Raised
Subscriber access only
Modivcare Solutions, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Valued Relationships, Inc | - |
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