ModivCare Acquires VRI, Leading Remote Patient Monitoring Provider

September 22, 2021

ModivCare Inc. has completed the acquisition of VRI Intermediate Holdings, LLC (VRI) for approximately $315 million, adding a national remote patient monitoring and medication management platform to its supportive care offerings. The deal (previously announced and financed with committed debt) expands ModivCare’s capabilities and total addressable market by integrating VRI’s RPM technology, data analytics, and recurring-services model while VRI will continue operating from its Franklin, Ohio headquarters.

Buyers
ModivCare Inc.
Targets
VRI Intermediate Holdings, LLC (VRI)
Sellers
Pamlico Capital
Location
Ohio, United States
Transaction Type
Buyout

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