InnovAge Holding Corp. - INNV STOCK NEWS

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InnovAge Holding Corp. (NASDAQ: INNV) is a trailblazer in the healthcare industry, dedicated to supporting seniors in aging with dignity in their own homes. Through the Program of All-inclusive Care for the Elderly (PACE), InnovAge delivers comprehensive, patient-centered care aimed at improving quality of life and reducing the need for high-cost care settings such as hospitals and nursing homes.

InnovAge operates 19 PACE centers across six states, serving approximately 6,820 participants as of March 31, 2024. The company's PACE programs offer a holistic approach to healthcare, encompassing a wide range of services including transportation, in-home care, medication management, dental care, specialty care, physical, occupational, and speech therapy, as well as social services, meals, and recreational activities. These services are provided at no cost to eligible seniors with Medicare and Medicaid coverage.

Recent achievements include the acquisition of two PACE programs in California from ConcertoCare, expanding InnovAge's presence on the West Coast and adding capacity for approximately 750 participants at maturity. Additionally, InnovAge has launched several initiatives aimed at enhancing operational performance and financial stability, contributing to its ongoing growth and success.

InnovAge's mission is to enable seniors to age independently for as long as safely possible. The company's care model fosters partnerships with seniors, their families, and healthcare providers, creating customized care plans that address individual needs and promote independence. InnovAge's commitment to excellence and operational growth is evident in its strategic expansions and continuous improvement endeavors.

For the latest news and updates on InnovAge Holding Corp., visit their investor relations page.