InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. The company offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, dental, mental health and psychiatric, meals, and activities, as well as physical, occupational, and speech therapy; transportation to the PACE center and third-party medical appointments; and care management. It serves approximately 6,600 PACE participants in the United States of America; and operates seventeen PACE centers in Colorado, California, New Mexico, Pennsylvania, and Virginia. The company was formerly known as TCO Group Holdings, Inc. and changed its name to InnovAge Holding Corp. in January 2021. InnovAge Holding Corp. was founded in 2007 and is headquartered in Denver, Colorado.
IPO Year: 2021
Exchange: NASDAQ
Website: innovage.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/17/2024 | $5.00 | Neutral → Underweight | Analyst |
| 10/11/2024 | Sector Weight | KeyBanc Capital Markets | |
| 5/16/2022 | $6.00 → $5.00 | Outperform → Neutral | Robert W. Baird |
| 4/20/2022 | $4.00 → $5.00 | Neutral → Underweight | Piper Sandler |
| 1/10/2022 | $8.00 → $5.00 | Neutral | Citigroup |
| 12/28/2021 | $15.00 → $4.00 | Buy → Neutral | Goldman Sachs |
| 12/27/2021 | $22.00 → $6.50 | Overweight → Equal-Weight | Barclays |
| 12/23/2021 | $14.00 → $4.00 | Overweight → Neutral | Piper Sandler |
| 12/17/2021 | $10.00 | Neutral | JP Morgan |
| 9/29/2021 | $30.00 → $8.00 | Buy → Neutral | Citigroup |
DENVER, May 07, 2025 (GLOBE NEWSWIRE) -- InnovAge, a leading provider of Program of All-Inclusive Care for the Elderly (PACE) services, is proud to announce its recertification as a Great Place to Work®. This recognition reflects the company's continued commitment to fostering a purpose-driven workplace where employees feel supported and empowered to deliver exceptional care to seniors. The prestigious certification is based entirely on what current employees say about their experience working at InnovAge. In the 2025 survey, 85% of employees said they were proud to work for an organization and a mission that was making a difference and contributing to the well-being of their communities.
DENVER, April 22, 2025 (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 third quarter financial results on Tuesday, May 6, 2025, 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 webcast for
DENVER, April 17, 2025 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge") (NASDAQ:INNV), the nation's largest provider of the Program of All-inclusive Care for the Elderly (PACE) based on participants served, has engaged staff, nationwide, to reinforce the critical need for this successful senior care program. InnovAge teams are meeting with lawmakers nationwide and building positive support among decision makers about the PACE program, known as healthcare's "best kept secret." Currently available in 33 states and the District of Columbia–predominantly through a combination of Medicare and Medicaid funding–PACE provides intimately collaborative and highly coordinated care that ad
DENVER, March 04, 2025 (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 that Patrick Blair, CEO, and Ben Adams, CFO will be speaking at the KeyBanc Capital Markets Healthcare Forum on Tuesday, March 18, 2025, at 3:45 p.m. PT. The virtual event will be webcast live, and a link for the event will be available online on the investor relations section of the Company's website. About InnovAgeInnovAge is a market leader in managing the care of high-cost, frail, pred
DENVER, Feb. 04, 2025 (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 second quarter ended December 31, 2024. "Our second quarter results reflect the meaningful progress we are making to strengthen the business, drive top-line growth and margin improvement," said CEO Patrick Blair. "We are entering calendar year 2025 with positive momentum while remaining unwavering in our commitment to delivering exceptional high quality care
DENVER, Jan. 21, 2025 (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 second quarter financial results on Tuesday, February 4, 2025, 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 webcas
DENVER, Dec. 12, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge") (NASDAQ:INNV), the nation's largest provider of the Program of All-inclusive Care for the Elderly (PACE) based on census, proudly celebrates 35 years of empowering seniors to age independently in their homes and communities. PACE has been InnovAge's focus since the company's founding in 1989, growing from a single pilot location to 20 locations in 6 states. As of September 30, 2024, InnovAge served approximately 7,210 participants, and throughout its history, served 24,440 enrolled seniors. "On behalf of our entire team at InnovAge, we are honored to be able to reach this milestone," said Patrick Blair, InnovAg
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
Analyst downgraded InnovAge from Neutral to Underweight and set a new price target of $5.00
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
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DENVER, April 22, 2025 (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 third quarter financial results on Tuesday, May 6, 2025, 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 webcast for
DENVER, Feb. 04, 2025 (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 second quarter ended December 31, 2024. "Our second quarter results reflect the meaningful progress we are making to strengthen the business, drive top-line growth and margin improvement," said CEO Patrick Blair. "We are entering calendar year 2025 with positive momentum while remaining unwavering in our commitment to delivering exceptional high quality care
DENVER, Jan. 21, 2025 (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 second quarter financial results on Tuesday, February 4, 2025, 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 webcas
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, 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, 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
DENVER, April 23, 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 third quarter financial results on Tuesday, May 7, 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 webcast for
DENVER, Jan. 23, 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 second quarter financial results on Tuesday, February 6, 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 webc
DENVER, Oct. 24, 2023 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge" or the "Company") (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 it will release its 2024 fiscal first quarter financial results on Tuesday, November 7, 2023, 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 webcast for on-demand list
DENVER, Aug. 29, 2023 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. ("InnovAge" or the "Company") (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 it will release its 2023 fiscal fourth quarter financial results on Tuesday, September 12, 2023, 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 webcast for on-demand l
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