Heath Sampson: Yes. So, the most important thing that we set this company up to have the right successful exit, so I’m not going to give you exact specifics, but I’ll go back to something that I said before. This may not be satisfying to you, but it’s consistent with what I’ve said for modeling purposes. I said there’s a range between $50 million and $100 million of EBITDA, and that was a year and a half ago. So you can do your own extrapolations within that, the point being is very strong and growing, but that’s the right way to think about it.
Mike Petusky: And I guess, can I just ask a sort of a clarifying question on that? I think when you made that comment in the past you said, the right way to think about a takeout is on that multiple. But I don’t think and maybe you did clarify this and I just didn’t pick up on it. I don’t think at that time you or when I’ve heard you say it. I don’t think you’ve ever said, hey, they’re actually in that range, part of it. Is that what you’re saying that they’re in a range of $50 million to $100 million there?
Heath Sampson: Yes. No, I said that. I said that. Yes, so.
Mike Petusky: Okay. Fair enough. And just going back to the receivable real quick, when you said you collected a — like I mean is it fair to say like 75% of that or more or?
Heath Sampson: Yes. I think we — definitely 75% is about right actually. But the point there is why we said what we said last quarter was because just to clarify around what are cash flow expectations. That was the main driver for them. But the other reason why we’re giving this type of information is, it’s a critical important client of ours have a large payer and we expect that they will be critical going forward. And no, there is some negotiation around that client itself. We did collect about 75% of that $36 million.
Mike Petusky: Again, I may have missed this as well in the prepared. Did you guys comment on sort of your hope for timing on the refis, I mean if that’s hopefully a Q2 event or could that slip in the Q3?
Heath Sampson: Yes. So, it’s Q2. For us that’s the right way to think about it, because we’re executing on it now. So we expect to be done before the end of Q2.
Mike Petusky: All right. Thank you so much.
Heath Sampson: Great. Thanks.
Operator: Thank you. There are no further questions at this time. I would like to hand the floor back over to Heath Sampson for any closing.
Heath Sampson: Great. Thank you for participating in our call this morning and for your interest in ModivCare. Our updated investor presentation is posted on our website. If you want to follow-up call or questions, please contact Kevin, our Head of Investor Relations. We look forward to speaking many of you over the next coming days, weeks and months, before we report on our second quarter 2024 results in August. Again, thank you to you all. Thank you to the team and have a great day. This concludes our call.
Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.
