{"id":409176,"date":"2021-01-06T06:03:15","date_gmt":"2021-01-06T11:03:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=409176"},"modified":"2021-01-06T06:03:15","modified_gmt":"2021-01-06T11:03:15","slug":"providence-announces-new-name-modivcare","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/providence-announces-new-name-modivcare\/","title":{"rendered":"Providence Announces New Name \u2013 ModivCare"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">DENVER, Jan.  06, 2021  (GLOBE NEWSWIRE) &#8212; The Providence Service Corporation (\u201cProvidence\u201d or the \u201cCompany\u201d) (NASDAQ: PRSC) today announced its new name \u2013 ModivCare Inc. The Company\u2019s wholly-owned subsidiary, LogistiCare Solutions, LLC, the nation\u2019s largest provider of non-emergency medical transportation (NEMT), has been renamed ModivCare Solutions, LLC. Effective January 7, 2021, the Company\u2019s common stock will commence trading on the Nasdaq under its new ticker symbol \u201cMODV\u201d and CUSIP 60783X 104.<\/p>\n<p>\u201cThis strategic shift has allowed us to align our entire organization, from our processes to our people, around our core purpose \u2014 Making Connections to Care,\u201d said Daniel Greenleaf, President and CEO of ModivCare. \u201cThe pandemic elevated the significance of this pivot, which is why we accelerated a process that may take years to complete in less than 10 months.\u201d<\/p>\n<p>ModivCare seeks to dismantle the barriers of health inequities by reshaping NEMT, personal and home care, and nutritional meal delivery by empowering individuals to take control of their health. Additionally, the Company is committed to reinvesting in the communities it serves, such as its partnership with schools to ensure that no child goes hungry and has the technology needed to learn in a virtual setting during the pandemic.<\/p>\n<p>Greenleaf added, \u201cOur significant experience comes with a responsibility to elevate the industry and create the healthcare experience our vulnerable patients need and deserve. ModivCare will not only address the barriers to health highlighted by the pandemic but will pave the way for a seamless and differentiated patient experience.\u201d<\/p>\n<p>The Company\u2019s goal is to create a unique and compelling brand identity that celebrates the best of each legacy company while propelling the organization into the future. <em>Modiv<\/em> is Latin for way, and reflects the Company\u2019s desire to lead innovation and change in terms of how people connect to care.<\/p>\n<p>The new name represents the full capabilities of the combined organization\u2019s focus on providing technology-enabled supportive care solutions that address the social determinants of health (SDoH) specifically to elevate patient experience and drive positive health outcomes. The comprehensive products, services, and expertise of ModivCare will help payors deliver valued-based solutions to their patients, enable greater access to care, reduce costs, and improve outcomes.<\/p>\n<p>Providence\u2019s subsidiary, Simplura Health Group (\u201cSimplura\u201d), a leading provider of personal and home care, will retain its name for the time being as the Company considers aligning the recently acquired Simplura brands with ModivCare.<\/p>\n<p>To learn more about ModivCare, visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nK6fYQHVQn-icpWn2eAiFAIJmRpzAKwdJJ4l1ddDrG8yT-fU-1jnzgrn-R6fTErbVb6LPgwrRSMjRJ7ARhyUaA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.modivcare.com<\/a>.<\/p>\n<p>\n        <strong>About ModivCare<\/strong>\n      <\/p>\n<p>Effective today, January 6, 2021, The Providence Service Corporation became ModivCare Inc. and LogistiCare Solutions, LLC became ModivCare Solutions, LLC. Simplura Health Group will retain its name and branding. Additionally, LogistiCare email addresses have changed to the domain @modivcare.com and the Company\u2019s home page is now <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nK6fYQHVQn-icpWn2eAiFL8-6c_rvmwshMOFZbl_LROuGT-GhQnH7rBl9mGfDiLQI5iHQv8Zu8AX2XJJ6YJ7KA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.modivcare.com<\/a>.<\/p>\n<p>ModivCare Inc. (\u201cModivCare\u201d) (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. 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 and home care, and nutritional meal delivery. ModivCare also holds a minority equity interest in CCHN Group Holdings, Inc. and its subsidiaries (\u201cMatrix Medical Network\u201d), 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.<\/p>\n<p>Contact Information: Kate Zerone, kate.zerone@modivcare.com<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMTI4NyMzOTA2NTI5IzUwMDA3Njc5OA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/1e4075fa-6f3a-4db7-be0c-115df801674c\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DENVER, Jan. 06, 2021 (GLOBE NEWSWIRE) &#8212; The Providence Service Corporation (\u201cProvidence\u201d or the \u201cCompany\u201d) (NASDAQ: PRSC) today announced its new name \u2013 ModivCare Inc. The Company\u2019s wholly-owned subsidiary, LogistiCare Solutions, LLC, the nation\u2019s largest provider of non-emergency medical transportation (NEMT), has been renamed ModivCare Solutions, LLC. Effective January 7, 2021, the Company\u2019s common stock will commence trading on the Nasdaq under its new ticker symbol \u201cMODV\u201d and CUSIP 60783X 104. \u201cThis strategic shift has allowed us to align our entire organization, from our processes to our people, around our core purpose \u2014 Making Connections to Care,\u201d said Daniel Greenleaf, President and CEO of ModivCare. \u201cThe pandemic elevated the significance of this pivot, which is why we accelerated a process &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/providence-announces-new-name-modivcare\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Providence Announces New Name \u2013 ModivCare&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-409176","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Providence Announces New Name \u2013 ModivCare - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/providence-announces-new-name-modivcare\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Providence Announces New Name \u2013 ModivCare - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DENVER, Jan. 06, 2021 (GLOBE NEWSWIRE) &#8212; The Providence Service Corporation (\u201cProvidence\u201d or the \u201cCompany\u201d) (NASDAQ: PRSC) today announced its new name \u2013 ModivCare Inc. The Company\u2019s wholly-owned subsidiary, LogistiCare Solutions, LLC, the nation\u2019s largest provider of non-emergency medical transportation (NEMT), has been renamed ModivCare Solutions, LLC. Effective January 7, 2021, the Company\u2019s common stock will commence trading on the Nasdaq under its new ticker symbol \u201cMODV\u201d and CUSIP 60783X 104. \u201cThis strategic shift has allowed us to align our entire organization, from our processes to our people, around our core purpose \u2014 Making Connections to Care,\u201d said Daniel Greenleaf, President and CEO of ModivCare. \u201cThe pandemic elevated the significance of this pivot, which is why we accelerated a process &hellip; Continue reading &quot;Providence Announces New Name \u2013 ModivCare&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/providence-announces-new-name-modivcare\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-06T11:03:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMTI4NyMzOTA2NTI5IzUwMDA3Njc5OA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/providence-announces-new-name-modivcare\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/providence-announces-new-name-modivcare\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Providence Announces New Name \u2013 ModivCare\",\"datePublished\":\"2021-01-06T11:03:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/providence-announces-new-name-modivcare\\\/\"},\"wordCount\":581,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/providence-announces-new-name-modivcare\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMTI4NyMzOTA2NTI5IzUwMDA3Njc5OA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/providence-announces-new-name-modivcare\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/providence-announces-new-name-modivcare\\\/\",\"name\":\"Providence Announces New Name \u2013 ModivCare - 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The Company\u2019s wholly-owned subsidiary, LogistiCare Solutions, LLC, the nation\u2019s largest provider of non-emergency medical transportation (NEMT), has been renamed ModivCare Solutions, LLC. 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