Modivcare Can Tap Full $100M Ch. 11 Loan

By Emily Lever · October 3, 2025, 8:17 PM EDT

A Texas bankruptcy judge Friday agreed to give final approval to medical transport company Modivcare's request to borrow $100 million in debtor-in-possession funds, finding that what the unsecured creditors' committee argued were...

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Bankruptcy Scorecard

Summary

Nonemergency medical transportation company ModivCare Inc. was pushed towards bankruptcy by issues like state budget cuts, competition from smaller companies and the large amount of debt it hauled along with limited cash.

Case Number

4:25-bk-90309

Judge

Alfredo R.Perez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

About $1.4 billion

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Documents

Related Sections

Case Information

Case Title

ModivCare Inc.

Case Number

4:25-bk-90309

Court

Texas Southern

Nature of Suit

Date Filed

August 20, 2025

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