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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect InnovAge Holding's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of InnovAge Holding's position in the market.
InnovAge Holding Corp. (Nasdaq: INNV), a leader in senior healthcare through the Program of All-inclusive Care for the Elderly (PACE), has been recertified as a Great Place to Work. This recognition results from a comprehensive survey of all employees, highlighting their pride in the company's community impact and the meaningful nature of their work. InnovAge tailors healthcare services to seniors, promoting independence and well-being. This recertification underscores the supportive and trustful work culture fostered by InnovAge, benefiting staff, participants, and caregivers alike.
InnovAge (Nasdaq: INNV) has announced the grand opening of its new PACE center in Orlando, Florida, in partnership with Orlando Health. The 32,000 square foot facility, located at 8410 South Orange Blossom Trail, aims to serve 1,300 seniors, offering a comprehensive range of healthcare services at no cost to those with Medicare and Medicaid. These services include transportation, in-home care, medication management, dental care, and more. The new center is part of InnovAge's mission to help seniors live independently and improve their quality of life. The partnership with Orlando Health is expected to amplify the impact of these services within the community.
InnovAge Holding Corp. (Nasdaq: INNV) has appointed John Koehn as Senior Vice President of External Affairs, effective May 13, 2024. Koehn brings extensive experience in healthcare management, previously serving as Market President at AmeriHealth Caritas and Health Plan President for Amerigroup New Jersey. His expertise in P&L, risk management, long-term care, and provider relations aligns with InnovAge's mission to improve care for dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). InnovAge currently serves around 6,820 participants across 19 centers in six states.
InnovAge Holding Corp. announced financial results for the fiscal third quarter ended March 31, 2024, showing total revenues of $193.1 million, an increase of 11.9% compared to the same period in 2023. The company reported a net loss of $6.2 million and adjusted EBITDA of $3.6 million. InnovAge also provided financial guidance for the full fiscal year 2024.
