InnovAge Holding Corp. - INNV STOCK NEWS

InnovAge Holding Corp. (Nasdaq: INNV) celebrated the fourth anniversary of its Sacramento PACE center, showcasing significant growth and community impact. The center, a joint venture with Eskaton and Adventist Health, has expanded from 20 staff members to hundreds, serving a growing number of dual-eligible seniors.

InnovAge's PACE program offers comprehensive healthcare and support services at no cost for Medicare and Medi-Cal-covered participants. Services include transportation, in-home care, medication management, dental care, therapy, and more. The center features five day rooms, a primary care clinic, dental suite, therapy gym, and full-service kitchen.

CEO Patrick Blair emphasized the increasing demand for affordable senior healthcare, highlighting PACE's role in helping seniors live independently. The celebration recognized community partners and offered tours of the state-of-the-art facility, demonstrating InnovAge's commitment to personalized, integrated care for vulnerable seniors.

InnovAge Holding Corp. (Nasdaq: INNV) celebrated the fourth anniversary of its Sacramento PACE center, highlighting the growing demand for senior healthcare. The Program of All-inclusive Care for the Elderly (PACE) provides comprehensive care to dual-eligible seniors, allowing them to live independently.

Key points:

• InnovAge partners with Eskaton and Adventist Health in Sacramento
• The center's staff has quadrupled since opening
• Services include transportation, in-home care, medication management, and more
• Care is personalized and provided at no cost for Medicare and Medi-Cal-covered participants
• The center features primary care clinics, therapy facilities, and social spaces

As of March 31, 2024, InnovAge served about 6,820 participants across 19 centers in six states, with a 20th center opening in Orlando in April.

InnovAge Holding Corp. (NASDAQ: INNV) announced a $5.0 million share repurchase program authorized by its Board of Directors. The program allows the company to buy back its common stock from the open market, private transactions, or other compliant methods. The timing and number of repurchased shares will depend on various factors like stock price, trading volume, and regulatory requirements. The company is not obligated to purchase any shares and can suspend or discontinue the program at any time.

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.

InnovAge Holding Corp. celebrates the grand opening of its newest PACE center in Los Angeles, offering comprehensive healthcare programs to dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). The center provides a range of services, including medical care, dining, and recreational activities at no cost to eligible seniors. InnovAge aims to empower seniors to live independently and enhance their well-being through personalized care plans.

InnovAge Holding Corp. will announce its fiscal third quarter 2024 financial results on May 7, 2024, and host a conference call to review the results. The Company specializes in providing healthcare programs to frail seniors through the Program of All-inclusive Care for the Elderly (PACE). The conference call will be available via live audio webcast on the Company's website, with a replay available for on-demand listening. Participants can also access the call by phone.