DENVER– Modivcare Inc. (Nasdaq: MODV), a healthcare services company that provides integrated supportive care solutions, said it has received a delisting notice from the Nasdaq Stock Market following its voluntary Chapter 11 bankruptcy filing earlier this week.
The notice, dated August 21, 2025, came after the company disclosed on August 20 that it had filed for Chapter 11 protection to implement a restructuring plan aimed at reducing debt, injecting new capital, and strengthening its long-term financial position. The plan has the backing of a supermajority of Modivcare’s key stakeholders.
Nasdaq also cited Modivcare’s failure to file its quarterly report for the fiscal quarter ended June 30, 2025, as a separate compliance violation. As a result, trading of the company’s common stock will be suspended at the opening of business on August 28, 2025. Modivcare said it will not appeal Nasdaq’s decision, and the exchange is expected to file a Form 25-NSE with the Securities and Exchange Commission (SEC) to remove the company’s stock from listing and registration. The company anticipates its shares may trade on the OTC Pink Market but offered no assurance that trading will continue there.
Despite the bankruptcy proceedings, Modivcare emphasized that all of its service lines are expected to continue operating normally without any interruption to patient care.
