Maine Lawmakers Call for Reconsideration of Modivcare Contract
Maine lawmakers are urging the state to reconsider its contract with Modivcare after the company filed for bankruptcy in August.
Modivcare has a $750 million contract with MaineCare, Maine's Medicaid program, to provide nonemergency medical transportation services until 2033.
Modivcare began a Chapter 11 bankruptcy process to strengthen its balance sheet and free itself from more than $1 billion in debt.
Lawmakers are questioning whether Modivcare is the right provider for the job due to its financial situation.
The contract was awarded in 2023 and is set to last through 2033.
Author's Summary
Maine lawmakers call for contract reconsideration after Modivcare bankruptcy.