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Latham & Watkins Represents Modivcare in Comprehensive Restructuring Agreement
August 21, 2025
Restructuring & Special Situations team represents the technology-enabled healthcare services company in its pre-arranged Chapter 11 process to strengthen its future, reduce debt, and inject capital.
Modivcare has executed a restructuring support agreement with more than 90% of its first lien lenders and more than 70% of its second lien lenders to consummate this comprehensive restructuring. The company will consummate this transaction through Chapter 11 cases, which have been commenced in the US Bankruptcy Court for the Southern District of Texas. Restructuring & Special Situations partners Ray C. Schrock, Keith Simon, and George Klidonas are leading the Latham team, and complemented by Latham’s world-class liability management, corporate, litigation, healthcare, regulatory, and tax teams.