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Conduent to divest Public Transit unit to Modaxo in portfolio shift

Conduent to divest Public Transit unit to Modaxo in portfolio shift
Conduent sells transit unit to Modaxo

Conduent has reached an agreement to sell its Public Transit business to Modaxo, a global technology organization.

This move is designed to strengthen Conduent balance sheet and aligns with the company strategy to simplify its operations and concentrate on core businesses. The transaction underscores Conduent ongoing effort to optimize its portfolio and focus on areas with the highest potential for growth and profitability.

Conduent has recently moved to simplify its business following progress on strategic priorities outlined in its Q1 2026 results. The company also rolled out a new payer recovery model to help resolve aging overpayments and improve provider trust, according to a recent product announcement. These initiatives reflect an incremental approach to operational restructuring.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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