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Posted 02 August, 2022

ModivCare Inc appointed L. Heath Sampson as new CEO

Nasdaq:MODV appointed new Chief Executive Officer L. Heath Sampson in a 8-K filed on 02 August, 2022.


  On July 27, 2022, the Board appointed L. Heath Sampson, the Company's Chief Financial Officer, as the Interim Chief Executive Officer of the Company.  

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Overview of ModivCare Inc
Health Care/Life Sciences • Healthcare Provision
ModivCare, Inc. is a technology-enabled healthcare services company, which engages in the provision of a suite of integrated supportive care solutions for public and private payors and their members. It operates through the following segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and Corporate and Other. The NEMT segment is involved in the non-emergency medical transportation programs for state governments and managed care organizations, or MCOs, in the U.S. The Personal Care segment offers home personal care services to State and Managed Medicaid, Medicare, and Private Pay patient populations in need of care monitoring and assistance performing activities of daily living. The RPM segment focuses on remote patient monitoring solutions, including personal emergency response systems, vitals monitoring, and data-driven patient engagement solutions. The Corporate and Other segment includes the costs associated with the company's corporate operations. The company was founded by Fletcher Jay McCusker in December 1996 and is headquartered in Denver, CO.
Market Cap
$48.0M
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Relevant filing section
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



 

 
As of July 27, 2022, Daniel E. Greenleaf is no longer serving as President and Chief Executive Officer or as a member of the Board of Directors of Modivcare Inc. (the "Company"), although he will be compensated through August 1, 2022. On July 27, 2022, the Board appointed L. Heath Sampson, the Company's Chief Financial Officer, as the Interim Chief Executive Officer of the Company. Mr. Sampson will continue to serve as Chief Financial Officer of the Company.

 

Mr. Sampson, age 51, has served as the Company's Chief Financial Officer since February 2021. Prior to joining the Company, Mr. Sampson served in executive and financial leadership roles across a range of private and publicly traded companies. Most recently he served, beginning in April 2015, as Chief Executive Officer of Advanced Emissions Solutions, Inc., an environmental solutions provider to companies in power generation, municipal water and other industries primarily through air and water purification control technologies, after having served there from August 2014 as Chief Financial Officer and Treasurer. Prior to that, he held Chief Financial Officer roles at private equity-owned Square Two Financial and within key business units at First Data Corporation. He began his career in auditing and business consulting at Arthur Andersen. Mr. Sampson graduated from the University of Denver with a Bachelor of Business Administration degree in Accounting and a Master of Accountancy degree.

 

Mr. Sampson has no family relationships with any of the Company's directors or executive officers, and there have been no related party transactions between the Company and Mr. Sampson reportable under Item 404(a) of Regulation S-K.

 

On August 2, 2022, the Company issued a press release regarding the changes described above, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.