ATLANTA, GA – – (Globe Newswire – January 30, 2025) – – A securities class action lawsuit has been filed against ModivCare Inc. (“ModivCare” or the “Company”) (NASDAQ: MODV). The lawsuit alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose adverse facts about the Company’s business, operations, and prospects, including “that certain contracts used in ModivCare’s NEMT segment caused the Company’s free cash flow to deteriorate and that, as a result, (1) contract renegotiations and pricing accommodations negatively impacted the Company’s adjusted EBITDA; (2) the Company had insufficient liquidity; (3) Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.”

If you bought shares of ModivCare between November 3, 2022 and September 15, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/modivcare/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is March 31, 2025.