Innovage Holding Corp

InnovAge Holding Corp. engages in the provision of a healthcare delivery platform. It offers interdisciplinary care teams and community-based care delivery models. It operates through the PACE and All Other segments. The PACE segment consists of the West, Central, and East operations. The All Other segment consists of homecare and senior housing. The company was founded in 2007 and is headquartered in Denver, CO.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

INNV reports improved financial performance and focuses on growth opportunities

INNV's Q1 2023 earnings call highlighted improved financial performance, successful resolution of audit deficiencies, and a focus on growth in new markets. The company faces challenges related to Medicaid redetermination and enrollment ramp-up, but expresses confidence in its direction and excitement for the future.

Innovage Holding Corp addresses revenue decline, EBITDA loss challenges post-sanctions

Innovage Holding Corp navigates revenue decline and EBITDA loss challenges post-sanctions, focusing on responsible growth and operational efficiency. The company aims to influence Medicaid rates, drive cost savings, and expand capacity strategically.

Innovage Holding Corp reports improved Q3 performance and eyes Florida expansion

Innovage Holding Corp's Q3 performance reflects operational improvements, cost reductions, and strategic advancements in market expansion.
The company's strengths lie in resolving audit deficiencies, entering the Florida market, and maintaining a positive outlook for future growth.
Challenges include enrollment ramp-up, regulatory compliance timelines, and applying lessons learned effectively across different centers.
Opportunities for growth include expanding as a PACE provider, diversifying services, and optimizing cost-saving initiatives for sustained profitability.

InnovAge reports mixed FY 2023 results, eyes growth opportunities

InnovAge's FY 2023 performance showed resilience and improvement in Q4 results.
The company's strengths lie in enrollment growth, cost reduction initiatives, and COVID management.
Challenges include Medicaid redeterminations, resource constraints, and COVID impact monitoring.
Opportunities for growth include new center openings, cost savings, and stable enrollments.

Innovage Holding Corp reports solid Q1 performance amidst growth challenges

Innovage Holding Corp reported solid Q1 2024 performance with revenue of $182.5 million and a focus on growth strategies. The company faced challenges with a net loss of $11 million and external provider costs.
Strengths included strong revenue performance, employee engagement initiatives, and proactive cost management strategies. Opportunities exist in optimizing costs, enhancing enrollment trends, and exploring new growth markets.
Key takeaways revolve around financial performance, operational strengths, challenges in cost management, and growth opportunities. Innovage's focus on quality improvement and agile hiring practices sets a positive trajectory for future performance.

InnovAge Holding Corp (INNV) reports strong Q2 earnings and strategic expansion, poised for sustainable growth

InnovAge Holding Corp (INNV) delivered strong financial performance in Q2 2024, with revenue growth, improved EBITDA, and strategic acquisitions. The company's focus on compliance, expansion efforts, and commitment to transparency are key highlights.
While facing challenges such as seasonality impact and achieving margin progression targets, InnovAge has opportunities to optimize EBITDA, capitalize on market demand, and drive operational efficiency. Addressing administrative delays and regulatory changes will be crucial for sustained growth.
Investors can look forward to InnovAge's Investor Day for deeper insights into the company's transformation and leadership team, signaling a proactive approach to enhancing shareholder value and operational excellence.

InnovAge reports revenue growth and margin focus amidst operational challenges

InnovAge Holding Corp (INNV) showed resilience with revenue growth and a focus on margin improvement despite challenges.
The company's performance metrics reflect efforts to enhance operational efficiency and financial stability.
Addressing challenges and seizing opportunities will be key for InnovAge's sustained success and growth in the healthcare industry.

Innovage Holding Corp reports solid fiscal 2024 performance and guides cautiously for 2025

Innovage Holding Corp's fiscal 2024 performance was solid, with revenue and adjusted EBITDA meeting expectations.
The company faces challenges in enrollment processing and de novo center operations but is actively working on solutions.
Fiscal year 2025 guidance reflects a balanced approach to growth, margin improvement, and regulatory compliance.
Analyst questions addressed key concerns, indicating a focus on transparency and addressing investor inquiries.

InnovAge reports robust Q1 results, eyes growth amid operational challenges

InnovAge's Q1 2025 performance reflects strong revenue growth and operational improvements, driven by enrollment gains and cost management initiatives.
The company's focus on workforce satisfaction, service quality, and financial discipline positions it well for future success.
Challenges in achieving profitability for new centers and managing costs underscore areas for ongoing improvement and strategic focus.
Opportunities exist in optimizing operational efficiency, exploring new markets, and enhancing revenue streams for sustained growth.

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InnovAge Holding Corp. engages in managing the care of high-cost, frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). The company program is dedicated to enabling older adults to age independently in their own homes for as long as safely possible. It offers interdisciplinary care teams and community-based care delivery models. The company was founded in 2007 and is headquartered in Denver, CO.

InnovAge Holding Corp. (NASDAQ:INNV ) Q1 2025 Results Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Ryan Kubota - Director of Investor Relations Patrick Blair - President and Chief Executive Officer Benjamin Adams - Chief Financial Officer Richard Feifer - Chief Medical Officer Conference Call Participants Jamie Perse - Goldman Sachs Jared Haase - William Blair Matt Gilmore - KeyBanc Capital Markets Operator Good day and thank you for standing by. Welcome to the InnovAge First Quarter 2025 Earnings Conference Call.

InnovAge Holding Corp. (INNV) Q1 2025 Earnings Call Transcript

InnovAge Holding Corp. (INNV) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.08 per share a year ago.

InnovAge Holding Corp. (INNV) Reports Q1 Loss, Tops Revenue Estimates

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.

InnovAge Announces Financial Results for the Fiscal First Quarter Ended September 30, 2024

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.

InnovAge Appoints Michael Scarbrough as New President and Chief Operating Officer and Maria Lozzano as President, Pharmacy Services

InnovAge (INNV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

InnovAge Holding Corp. (INNV) Expected to Beat Earnings Estimates: Should You Buy?

InnovAge PACE leaders will highlight ongoing clinical, operational, and business transformations at the 2024 National PACE Association (NPA) Conference.

InnovAge Provides Update on Clinical & Operational Transformations at National PACE Association Annual Conference

DENVER, Sept. 16, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), please note that in the fifth paragraph of the release, the title for Dr. Ann Wells has been corrected to Chief Quality and Population Health Officer of InnovAge.

UPDATE – Leading PACE Provider InnovAge Selected to Participate in National Study Focused on Preventing Falls by Seniors

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.

Leading PACE Provider InnovAge Selected to Participate in National Study Focused on Preventing Falls by Seniors

InnovAge Holding Corp. (NASDAQ:INNV ) Q4 2024 Earnings Conference Call September 10, 2024 5:00 PM ET Company Participants Ryan Kubota - Director of IR Patrick Blair - President & CEO Benjamin Adams - CFO Conference Call Participants Jason Cassorla - Citi John Stansel - J.P. Morgan Securities Jared Haase - William Blair Operator Good day and thank you for standing by.

InnovAge Holding Corp. (INNV) Q4 2024 Earnings Call Transcript

InnovAge Holding Corp. (INNV) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.09 per share a year ago.

InnovAge Holding Corp. (INNV) Reports Q4 Loss, Tops Revenue Estimates

DENVER, Sept. 10, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge” or the “Company”) (Nasdaq: INNV), an industry leader in providing comprehensive healthcare programs to frail seniors, predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced financial results for its fiscal fourth quarter and full year ended June 30, 2024.

InnovAge Announces Financial Results for the Fourth Quarter and Fiscal Year Ended June 30, 2024

In a release issued under the same headline on Friday, August 16, 2024, by InnovAge, please note the staff count four years ago has been corrected from seven to 20 people. The revised release is as follows: SACRAMENTO, Calif.

CORRECTION -- InnovAge PACE Celebrates Anniversary of Vibrant Sacramento Center

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.

InnovAge PACE Celebrates Anniversary of Vibrant Sacramento Center

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.

InnovAge Holding Corp. Announces $5.0 Million Share Repurchase Program

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.

InnovAge PACE Recertified as a Great Place to Work

ORLANDO, Fla., May 29, 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), announced the grand opening of its new center in Orlando, Florida, located at 8410 South Orange Blossom Trail.

InnovAge Celebrates Grand Opening of Orlando's First PACE Center in Partnership with Orlando Health

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.

InnovAge Welcomes John Koehn as Senior Vice President of External Affairs

InnovAge Holding Corp. (NASDAQ:INNV ) Q3 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Ryan Kubota - Director of Investor Relations Patrick Blair - President & Chief Executive Officer Benjamin Adams - Chief Financial Officer Conference Call Participants Jason Cassorla - Citi Operator Good day and thank you for standing by. Welcome to the InnovAge Third Quarter 2024 Earnings Conference Call.

InnovAge Holding Corp. (INNV) Q3 2024 Earnings Call Transcript

Cosmos Holdings

Johnson & Johnson

The healthcare industry has experienced unprecedented growth in recent years due to the global pandemic. However, as COVID-19 began to ease, the immense growth of the healthcare industry is expected to slow down.

Stock Market Crash Warning: Don't Get Caught Holding These 3 Healthcare Stocks

LOS ANGELES, April 24, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), the healthcare industry leader in providing comprehensive healthcare programs to dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), celebrates the grand opening of its newest center in California. As part of this launch, InnovAge California PACE will host a lively celebration today, welcoming local officials, community organizations, care partners, and the public, to tour its PACE center based in the historic Los Angeles Crenshaw neighborhood.

InnovAge Launches PACE Center in Los Angeles, Helping Seniors Live Independently with High-Quality Care

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.

InnovAge to Announce Fiscal Third Quarter 2024 Financial Results and Host Conference Call Tuesday, May 7, 2024

iBio

Moderna

The healthcare industry has historically provided significant returns to investors, with a predicted CAGR of 12.71% until 2027. Although many successful and profitable companies experience a surge in stock price, the healthcare industry also has many stocks that plummet.

3 Healthcare Stocks Short Sellers Are Prescribing for Trouble

TAMPA, Fla., March 04, 2024 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), the industry leader in providing comprehensive healthcare programs to dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE) launched a new center in Tampa, its first in the state of Florida.

InnovAge Launches First PACE Center in Florida Providing Comprehensive Healthcare Program for Seniors to Promote Independence

InnovAge Holding Corp. (INNV) Q2 2024 Earnings Call Transcript

InnovAge Holding Corp. (INNV) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.07 per share a year ago.

News for Innovage Holding Corp Stock (INNV)