Home Health Care News July 27, 2021
ModivCare Inc. (NYSE: MODV), the non-emergency medical transportation (NEMT) company that’s quickly becoming a major player in the home-based care space as well, announced Monday plans to buy CareFinders Total Care for $340 million.
Once the deal is finalized, ModivCare will initially combine the CareFinders business with its existing personal care capabilities from Simplura Health Group to create a strong foothold in the Northeast, CEO Daniel Greenleaf told Home Health Care News.
Not long after that, ModivCare will turn its attention to the rest of the U.S.
“Our goal is to build out a national platform,” Greenleaf said. “That’s what our customers want.”
As part of the deal, ModivCare will acquire all of CareFinders for a purchase price of $340...
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