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

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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.

LOS ANGELES--(BUSINESS WIRE)---- $INNV #INNV--INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against InnovAge Holding Corp.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against InnovAge Holding Corp. and Encourages Investors with Losses to Contact the Firm

NEW YORK--(BUSINESS WIRE)---- $INNV--The law firm of Kirby McInerney LLP is investigating potential claims against InnovAge Holding Corp. (“InnovAge” or the “Company”) (NASDAQ: INNV). The investigation concerns whether InnovAge has violated the federal securities laws and/or engaged in other unlawful business practices. InnovAge 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. On September 21, 2021

INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims on Behalf of InnovAge Holding Corp. (INNV) Investors

LOS ANGELES--(BUSINESS WIRE)---- $INNV #INNV--INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against InnovAge Holding Corp.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against InnovAge Holding Corp. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)---- $INNV #CLASSACTION--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of InnovAge Holding Corp. (“InnovAge” or the “Company”) (NASDAQ: INNV) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your InnovAge investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securit

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of InnovAge Holding Corp. (INNV) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $INNV #investors--The Law Offices of Frank R. Cruz Announces Investigation of InnovAge Holding Corp. (INNV) on Behalf of Investors

The Law Offices of Frank R. Cruz Announces Investigation of InnovAge Holding Corp. (INNV) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)---- $INNV #CLASSACTION--Law Offices of Howard G. Smith announces an investigation on behalf of InnovAge Holding Corp. (“InnovAge” or the “Company”) (NASDAQ: INNV) investors concerning the Company's possible violations of federal securities laws. On September 21, 2021, after the market closed, InnovAge revealed that the Centers for Medicare and Medicaid Services (“CMS”) had “determined to freeze new enrollments at [the Company's] Sacramento center based on deficiencies detected in [a rec

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of InnovAge Holding Corp. (INNV) on Behalf of Investors

The senior care specialist's Q4 didn't exactly wow investors.

Why InnovAge Holdings Plummeted Almost 25% Today

InnovAge Holding Corp. (INNV) CEO Maureen Hewitt on Q4 2021 Results - Earnings Call Transcript

DENVER, Sept. 21, 2021 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (the “Company” or “InnovAge”) (Nasdaq: INNV), a market leading healthcare delivery platform for high-cost, dual-eligible seniors, announced financial results for its fiscal fourth quarter and full year ended June 30, 2021.

InnovAge Announces Financial Results for the Fiscal Year and Fourth Quarter Ended June 30, 2021

Virginia Centers Join Centers in Three Other States in Achieving Certification by the National Committee for Quality Assurance Virginia Centers Join Centers in Three Other States in Achieving Certification by the National Committee for Quality Assurance

InnovAge PACE Centers in Virginia and New Mexico Recognized for Quality of Patient Care

DENVER, Aug. 04, 2021 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV) today announced that it has made an equity investment in telehealth platform Jetdoc, a telehealth and virtual urgent care app dedicated to connecting users with medical professionals in an effective way. InnovAge's investment comes amid continuing demand for virtual healthcare services across healthcare sectors. As of July 2021, telehealth utilization had stabilized at 38 times higher than pre-pandemic levels, according to McKinsey. Terms of the deal were not disclosed.

InnovAge Makes Equity Investment in Jetdoc, Partnering to Develop PACE-Specific Telehealth and Remote Patient Monitoring Platform

Certification by National Committee for Quality Assurance Reinforces InnovAge's Continued Commitment to Delivering Patient-centered Senior Healthcare Certification by National Committee for Quality Assurance Reinforces InnovAge's Continued Commitment to Delivering Patient-centered Senior Healthcare

InnovAge Pennsylvania LIFE Centers Recognized for Quality of Patient Care

DENVER, June 30, 2021 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (the “Company” or “InnovAge”) (Nasdaq: INNV) today announced the opening of its new Program of All-inclusive Care for the Elderly (PACE) center in Virginia's Roanoke Valley. The state-of-the-art center, located at 1606 Lynchburg Turnpike in Salem, will enable InnovAge to serve more seniors than the Company's previous facility in Roanoke.

InnovAge Opens New Care Center for Seniors in Roanoke Valley

InnovAge's (INNV) CEO Maureen Hewitt on Q3 2021 Results - Earnings Call Transcript

DENVER, May 10, 2021 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (the “Company” or “InnovAge”) (Nasdaq: INNV), a market leading healthcare delivery platform for high-cost, dual-eligible seniors, announced financial results for its fiscal third quarter ended March 31, 2021.

InnovAge Announces Financial Results For The Fiscal Third Quarter Ended March 31, 2021

DENVER, April 26, 2021 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (the “Company” or “InnovAge”) (Nasdaq: INNV) will release its 2021 third quarter financial results on Monday, May 10, 2021, after market close. In conjunction, the company will host a conference call to review the results at 5 p.m. E.T.

InnovAge to Announce Third Quarter 2021 Financial Results and Host Conference Call Monday, May 10, 2021

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.

InnovAge Appoints Healthcare Information Technology Veteran Alice Raia Chief Information Officer

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News for Innovage Holding Corp Stock (INNV)