Welcome to our dedicated page for Innovage Holding news (Ticker: INNV), a resource for investors and traders seeking the latest updates and insights on Innovage Holding stock.
InnovAge Holding Corp (INNV) operates a specialized healthcare platform delivering integrated care for seniors through the PACE program. This page aggregates official company announcements, financial disclosures, and operational updates for investors and industry observers.
Access timely press releases covering earnings reports, care model innovations, regulatory developments, and strategic partnerships. Our curated collection helps stakeholders track INNV's performance in senior care markets while monitoring implementation of their capitated payment model.
Key updates include Medicare/Medicaid compliance changes, center expansions, clinical quality improvements, and leadership announcements. Bookmark this page for centralized access to verified InnovAge communications, maintained with neutral reporting standards.
InnovAge Holding Corp. (Nasdaq: INNV) will announce its fiscal 2021 fourth quarter and year-end financial results on September 21, 2021, after the market closes. A conference call to discuss the results is scheduled for 5 p.m. E.T. Participants can join by dialing (833) 398-1024 for U.S. callers or (914) 987-7722 internationally, using participant code 3506946. InnovAge, a leader in managing care for dual-eligible seniors, aims to enhance care quality while reducing costs through a value-based healthcare model.
InnovAge Holding Corp. (Nasdaq: INNV) announced an equity investment in Jetdoc, a telehealth platform, aiming to enhance virtual healthcare services. The investment aligns with an increased demand for telehealth, which is 38 times higher than pre-pandemic levels, per McKinsey. InnovAge plans to collaborate with Jetdoc to develop a virtual care platform specifically for the Program of All-Inclusive Care for the Elderly (PACE). InnovAge's CEO noted the importance of telehealth for seniors, while Jetdoc's CEO emphasized improved access for vulnerable patients.
InnovAge has launched a new PACE center in Virginia's Roanoke Valley, increasing its capacity to serve seniors from 210 to approximately 430. The 25,242 square-foot facility offers comprehensive care services, including health services, social support, and transportation. InnovAge aims to facilitate independent living for seniors, enhancing their quality of life post-COVID-19. This center contributes to InnovAge's mission of managing high-cost care for dual-eligible seniors, reinforcing its leadership in value-based healthcare.
InnovAge Holding Corp. (Nasdaq: INNV) announced its participation in two prominent healthcare conferences. CEO Maureen Hewitt and CFO Barb Gutierrez will engage in a virtual fireside chat at the William Blair 41st Annual Growth Stock Conference on June 2, 2021, at 5:00 p.m. (ET) and the Goldman Sachs 42nd Annual Global Healthcare Conference on June 8-9, 2021. InnovAge specializes in healthcare delivery for high-cost, dual-eligible seniors, serving about 6,700 participants across 18 centers in five states.
InnovAge Holding Corp. (Nasdaq: INNV) reported its fiscal third-quarter results for 2021, showcasing net revenue of $156.3 million, an 8% increase from the previous year. Center level contribution rose by 20% to $41.4 million, with a margin of 26.5%. Despite a net loss of $10.9 million due to acquisition-related costs, adjusted EBITDA improved by 15% to $20.3 million. The company anticipates Q4 revenues between $160 million and $162 million, with full fiscal year 2021 revenues projected at $626 million to $628 million.
InnovAge Holding Corp. (Nasdaq: INNV) is set to release its 2021 third-quarter financial results on May 10, 2021, post-market close. A conference call will follow at 5 p.m. E.T., where detailed insights into the results will be provided. The company serves approximately 6,600 dual-eligible seniors across 17 centers in five states, focusing on value-based senior healthcare. InnovAge collaborates directly with government payors like Medicare and Medicaid, aiming to enhance participant care while minimizing the use of costly care settings.
InnovAge Holding Corp. (Nasdaq: INNV) has appointed Alice Raia as chief information officer, effective April 2021. Raia, with over 25 years of experience in healthcare and technology, will spearhead InnovAge’s strategy for data management and digital technologies, enhancing patient care. InnovAge, a leader in the PACE industry, aims to improve customer engagement and patient outcomes through technological advancements. With the increasing demand for senior care services, Raia's expertise will be critical in maintaining InnovAge's competitive edge in healthcare technology integration.
InnovAge Holding Corp. (Nasdaq: INNV) announced that on March 9, 2021, underwriters exercised their option to purchase an additional 2,329,234 shares from its initial public offering, bringing the total issued shares to 18,995,901. The offering generated gross proceeds of approximately $399 million, priced at $21.00 per share, prior to discounts. The company focuses on caring for high-cost, dual-eligible seniors and operates across five states, serving about 6,600 participants.
