Two days after Modivcare (Nasdaq: MODV) announced that its former CEO Dan Greenleaf has been replaced, Interim CEO L. Heath Sampson painted a rosy picture of the company’s future.
“The second-quarter results reinforce the company’s strong fundamental prospects ahead,” Stephens Analyst Scott Fidel wrote in a note shared with Home Health Care News. “The underlying strength was seen across all three business segments, with revenue and EBITDA beating our model in each segment. All three segments also reported double-digit adjusted EBITDA margins in the quarter. … We see strong prospects ahead for Modivcare.”
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