ModivCare Hires Latham, Hunton AK to Lead Chapter 11
A Denver-based medical transportation company has filed for Chapter 11 bankruptcy protection in the Southern District of Texas stating the court restructuring is “intended to strengthen its financial foundation while continuing to provide access to care, reduce costs, and improve outcomes for clients and members nationwide.” Citing more than 25,000 creditors and $1 billion to $10 billion in financial liabilities, ModivCare Inc. and 70 of its affiliated businesses hired Latham & Watkins and Hunton Andrews Kurth as its lead legal advisors for the restructuring.