SC 13G/A - InnovAge Holding Corp. (0001834376) (Subject)

DENVER, Nov. 05, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge" or the "Company") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to frail, predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced financial results for its fiscal first quarter ended September 30, 2024. "Our first quarter results reflect our continued momentum and the execution of our strategy to deliver high quality care, while continuing to enhance our margins," said CEO Patrick Blair. "Our strategic initiatives are delivering measurable results, and we remain focused on operational excellence in our centers as we d

DENVER, Nov. 04, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge" or the "Company") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), appoints Michael Scarbrough as its new President and Chief Operating Officer and Maria Lozzano as President, Pharmacy Services, effective November 4th. Mr. Scarbrough joins InnovAge's executive leadership team as Christine Bent steps down from the role of COO to explore new career opportunities. Scarbrough will also assume the role of President as the Company separates the positions of President and CEO to better enable exec

DENVER, Oct. 22, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge" or the "Company") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced it will release its 2025 fiscal first quarter financial results on Tuesday, November 5, 2024, after market close. In conjunction, the Company will host a conference call to review the results at 5 p.m. E.T. Conference Call DetailsA live audio webcast of the call will be available on the Company's website, https://investor.innovage.com/. A replay of the call will be available via webca

DENVER, Oct. 11, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge") (NASDAQ:INNV), a leading Program of All-inclusive Care for the Elderly (PACE) provider, plans to highlight its ongoing clinical, operational, and business transformations at the 2024 National PACE Association (NPA) Conference. As the nation's largest provider of PACE by number of participants, InnovAge provides coordinated and integrated care across a range of physical, medical, and social services. This ensures eligible seniors can age safely in their own homes while maintaining their independence and quality of life. Under President and CEO Patrick Blair, the company has innovated across the business to impr

DENVER, Sept. 26, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (NASDAQ:INNV) (the "Company" or "InnovAge") announced today that its Board of Directors has increased the amount of its common stock that may be repurchased under its share repurchase program (the "Program"), originally approved in June 2024. The increase authorizes the Company to repurchase up to an additional $2.5 million of its common stock, in addition to the $5.0 million originally authorized. Since June 2024, the Company has repurchased a total of 837,372 shares of common stock under the June 2024 authorization, with an aggregate market value of $5.0 million. Share repurchases under the Program may be made from time

DENVER, Sept. 16, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge") (NASDAQ:INNV), a leading Program of All-inclusive Care for the Elderly (PACE) provider, has been selected as a research partner for a national study exploring how to prevent falls by seniors. This September's National PACE Awareness Month and Falls Prevention Month observances emphasize the impact of this timely and critical work aimed at reducing dangerous falls by seniors, as well as helping many others facing a wide range of health conditions. According to the CDC, falls are the leading cause of injury and death among older adults, with one in four adults aged 65 and older experiencing a fall each year. Inno

DENVER, Aug. 27, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge" or the "Company") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced it will release its 2024 fiscal fourth quarter and full year financial results on Tuesday, September 10, 2024, after market close. In conjunction, the Company will host a conference call to review the results at 5 p.m. E.T. Conference Call DetailsA live audio webcast of the call will be available on the Company's website, https://investor.innovage.com/. A replay of the call will be avai

SACRAMENTO, Calif., Aug. 16, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), celebrated the fourth anniversary of its Sacramento, California center with community members, local representatives, businesses, healthcare providers, and other valued partners. "The demand for affordable, reliable healthcare for seniors is growing rapidly," said InnovAge President and CEO Patrick Blair. "Along with our Eskaton and Adventist Health joint-venture partners, we are proud to celebrate the continued growt

DENVER, June 10, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (NASDAQ:INNV) (the "Company" or "InnovAge") announced today that its Board of Directors has approved a share repurchase program (the "Program") that authorizes the Company to repurchase up to $5.0 million of its common stock. Share repurchases under the Program may be made from time to time on the open market, including pursuant to the safe harbor provided under Rule 10b-18 of the Securities Exchange Act of 1934, in privately negotiated transactions, or in any other manner that complies with the applicable securities law, including through the use of Rule 10b5-1 trading plans. The timing of purchases and number of shares rep

DENVER, June 03, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE) has been recertified as a Great Place to Work. "Earning this badge of honor is a reflection of the strength, credibility, and camaraderie of the InnovAge team," says InnovAge President and CEO Patrick Blair. "All of us are driven by a deeply meaningful mission and purpose: to help seniors live healthier, happier, more independent lives in their own homes and communities. Our survey results express that level of dedication and ca

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KeyBanc Capital Markets initiated coverage of InnovAge with a rating of Sector Weight

Robert W. Baird downgraded InnovAge from Outperform to Neutral and set a new price target of $5.00 from $6.00 previously

Piper Sandler downgraded InnovAge from Neutral to Underweight and set a new price target of $5.00 from $4.00 previously

Citigroup resumed coverage of InnovAge with a rating of Neutral and set a new price target of $5.00 from $8.00 previously

Goldman Sachs downgraded InnovAge Holding from Buy to Neutral and set a new price target of $4.00 from $15.00 previously

Barclays downgraded InnovAge Holding from Overweight to Equal-Weight and set a new price target of $6.50 from $22.00 previously

Piper Sandler downgraded InnovAge from Overweight to Neutral and set a new price target of $4.00 from $14.00 previously

JP Morgan initiated coverage of InnovAge Holding with a rating of Neutral and set a new price target of $10.00

Citigroup downgraded InnovAge from Buy to Neutral and set a new price target of $8.00 from $30.00 previously

Citigroup downgraded InnovAge Holding from Buy to Neutral

DENVER, Nov. 04, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge" or the "Company") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), appoints Michael Scarbrough as its new President and Chief Operating Officer and Maria Lozzano as President, Pharmacy Services, effective November 4th. Mr. Scarbrough joins InnovAge's executive leadership team as Christine Bent steps down from the role of COO to explore new career opportunities. Scarbrough will also assume the role of President as the Company separates the positions of President and CEO to better enable exec

DENVER, May 20, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), welcomes John Koehn as its Senior Vice President of External Affairs as of May 13, 2024. John brings a wealth of experience in healthcare management and a proven track record of success in areas critical to InnovAge's mission and growth, including P&L and risk management, long-term care, provider relations, and business development. John has had exceptional success in fostering close relationships with key stakeholders to drive program manageme

DENVER, Aug. 14, 2023 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to frail dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced the appointment of Teresa Sparks to its Board of Directors, effective immediately. Sparks joins InnovAge's Board as Sean Traynor of Welsh, Carson, Anderson & Stowe steps down. The InnovAge team and Board thank Mr. Traynor for his service. "Teresa's diverse experience across multiple sectors, including in financial services, life sciences, specialty pharmacy, healthcare services, and technology, is a huge asset and co

DENVER, March 30, 2023 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to frail dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced the appointment of Patty Fontneau to its Board of Directors, effective immediately. Fontneau joins InnovAge's Board as Pavithra Mahesh of Apax Partners and Caroline Dechert of Welsh, Carson, Anderson & Stowe simultaneously step down from their positions with the Board. These changes maintain the participation of the investment firms while adding additional independent and community representation on the Board. The Inno

DENVER, June 30, 2022 (GLOBE NEWSWIRE) -- InnovAge (NASDAQ:INNV), today announced the appointment of experienced health care executive James ("Jim") Carlson to its Board of Directors, effective June 30, 2022. Carlson will serve as non-executive Chairman. "We are thrilled that Jim is stepping into the role of Chairman of InnovAge," said Andrew Cavanna, outgoing Chairman of the Board. "Jim's skill set, experience and reputation makes him an ideal fit to lead the InnovAge Board." "I have known Jim for 25 years and he is one of the best liked and most skilled CEOs in healthcare. His experience and wisdom will be an enormous help to Patrick and the Board as we work to position InnovAge for pe

LOUISVILLE, Ky., May 24, 2022 /PRNewswire/ -- LogicMark, Inc. (NASDAQ:LGMK) (the "Company" or "LogicMark") (formerly Nxt-ID, Inc.), a provider of personal emergency response systems (PERS), health communications devices, and IoT technology for the growing care economy, today announces the appointment of seasoned financial executive Barbara Gutierrez to its Board of Directors. Ms. Gutierrez will chair the Audit Committee of the Board. Ms. Gutierrez is an accomplished leader with more than 30 years of experience in executive and financial leadership roles with high growth, entre

DENVER, Jan. 03, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of InnovAge Holding Corp. (the "Company" or "InnovAge") (NASDAQ:INNV) accepted the resignation of longtime CEO and director Maureen Hewitt, effective January 1, 2022, who has decided after 15 years with the company to pursue other opportunities. The Board also elevated Patrick Blair, the President of InnovAge, to the position of President and CEO. InnovAge Board Chair Andrew Cavanna stated: "Patrick is a proven and effective leader who has the Board's full support to lead InnovAge and to quickly address the issues that have arisen with CMS and our regulators in California and Colorado. We are committed to restoring trust wit

DENVER, Nov. 12, 2021 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (the "Company" or "InnovAge") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to frail dual-eligible seniors, announced today that its board of directors has appointed Patrick Blair as President effective Dec.1, 2021. Blair's initial responsibilities will be to run InnovAge's operations and execute on its near-term growth plans, including expansion into three new sites in fiscal year 2023. Blair brings a wealth of experience to this role, having held senior positions at leading health plans and the nation's largest non-profit home health care provider. InnovAge Board Chair and Apax Partn

DENVER, April 14, 2021 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (the "Company" or "InnovAge") (NASDAQ:INNV) today announced that it has appointed Alice Raia as chief information officer, bringing significant expertise in developing technological strategies to improve customer engagement and drive meaningful improvements to patient outcomes. In this role, Raia will lead InnovAge's strategy and development for data management, digital technologies integration, information technologies and technical transformation. Additionally, she will be responsible for data and technology integration across InnovAge, and modernizing and developing technical, data and digital platforms to enhance patien

InnovAge Holding (NASDAQ:INNV) reported quarterly losses of $(0.04) per share which met the analyst consensus estimate. This is a 20 percent increase over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $193.073 million which beat the analyst consensus estimate of $188.246 million by 2.56 percent. This is a 11.90 percent increase over sales of $172.539 million the same period last year.

Gainers GeneDx Hldgs (NASDAQ:WGS) shares increased by 21.8% to $13.4 during Monday's after-market session. The market value of their outstanding shares is at $349.1 million. The company's, Q1 earnings came out today. InnovAge Holding (NASDAQ:INNV) shares increased by 7.25% to $3.99. The market value of their outstanding shares is at $542.2 million. Mustang Bio (NASDAQ:MBIO) shares increased by 5.48% to $0.25. The market value of their outstanding shares is at $2.5 million. Lucid Diagnostics (NASDAQ:LUCD) stock moved upwards by 5.23% to $0.79. The market value of their outstanding shares is at $38.1 million. Seelos Therapeutics (NASDAQ:SEEL) shares increased by 4.88% to $0.29. The market

JP Morgan analyst Lisa Gill maintains InnovAge Holding (NASDAQ:INNV) with a Neutral and lowers the price target from $7 to $6.

Goldman Sachs analyst Jamie Perse maintains InnovAge Holding (NASDAQ:INNV) with a Neutral and lowers the price target from $8 to $7.

InnovAge Holding (NASDAQ:INNV) reported quarterly losses of $(0.03) per share which met the analyst consensus estimate. This is a 57.14 percent increase over losses of $(0.07) per share from the same period last year. The company reported quarterly sales of $188.90 million which beat the analyst consensus estimate of $183.92 million by 2.71 percent. This is a 12.80 percent increase over sales of $167.46 million the same period last year.

InnovAge Holding (NASDAQ:INNV) reported its Q2 earnings results on Tuesday, February 6, 2024 at 04:05 PM. Here's what investors need to know about the announcement. Earnings InnovAge Holding reported in-line EPS of $-0.03 versus an estimate of $-0.03. Revenue was up $21.44 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.04 which was followed by a 2.0% drop in the share price the next day. Here's a look at InnovAge Holding's past performance: Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 EPS Estimate -0.04 -0.03 -0.05 -0.09 EPS Actual -0.08 -0.09 -0.05 -0.07 Revenue Estimate 177.94M 173.58M 174.13M 169.75M Revenue Actual 18

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InnovAge Holding (NASDAQ:INNV) is set to give its latest quarterly earnings report on Tuesday, 2024-02-06. Here's what investors need to know before the announcement. Analysts estimate that InnovAge Holding will report an earnings per share (EPS) of $-0.03. InnovAge Holding bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.04, which was followed by a 2.0% drop in

InnovAge Holding Corp. ("InnovAge") (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to frail, predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), completed its acquisition of two PACE programs in California from ConcertoCare today. ConcertoCare, a tech-enabled, value-based provider of at-home, comprehensive care for seniors and other adults with unmet health and social needs, operated one PACE program in the Crenshaw neighborhood of Los Angeles and had a second program under development in Bakersfield as part of its ConcertoPACE service line. "We are excited to become the new stewards of ConcertoCare's Califor