InnovAge and Tampa General Hospital Celebrate Partnership of Senior Care in Grand Re-Opening
Rhea-AI Summary
InnovAge (Nasdaq: INNV) announced a joint venture with Tampa General Hospital on Nov. 11, 2025 to expand access to PACE services across the Tampa Bay region.
The partnership aims to serve frail seniors in Hillsborough, Pasco, and Hernando counties, supporting independent living with coordinated medical, social and in-home services, often at little to no cost for dual-eligible Medicaid and Medicare participants. InnovAge Florida PACE–Tampa operates a 35,000-square-foot center and InnovAge reported serving approximately 7,890 participants across 20 centers as of Sept. 30, 2025.
Positive
- Expands PACE access across Hillsborough, Pasco, and Hernando counties
- 35,000-square-foot Tampa center supporting broader service capacity
- InnovAge served approximately 7,890 participants across 20 centers as of Sept. 30, 2025
Negative
- None.
News Market Reaction – INNV
In the Nov 11 session, INNV gained 7.33%, reflecting a notable positive market reaction. Argus tracked a peak move of +18.1% during that session. Argus tracked a trough of -2.9% from its starting point during tracking. Our momentum scanner triggered 25 alerts that day, indicating elevated trading interest and price volatility. Trading volume was very high at 4.2x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Partnership Expands Access to PACE Services for Seniors in the Tampa Bay Area, The Re-Opening Honored Veterans Day & National Family Caregivers Month
TAMPA, Fla., Nov. 11, 2025 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), a leader in senior care through the Program of All-inclusive Care for the Elderly (“PACE”), and Tampa General Hospital (“TGH”), one of the nation’s leading academic health systems, are celebrating a new joint venture that expands access to PACE in the Tampa Bay region. The partnership marks a significant step forward in bringing comprehensive, coordinated health care to frail seniors across Hillsborough, Pasco and Hernando counties.
Since opening last year, InnovAge Florida PACE–Tampa has grown steadily, to meet the clear need for all-inclusive programs like PACE in Florida, which has one of the largest populations of seniors with complex needs in the nation. Through this partnership, InnovAge and TGH are expanding access to PACE’s innovative, person-centered model of care that helps seniors live independently at home while accessing a full range of medical, social and in-home support — at little to no cost for those who are dual-eligible under Medicaid and Medicare. The partnership unites two mission‐driven organizations dedicated to helping older adults live healthier, more independent lives.
“Our integrated model brings peace of mind to participants and their families and reduces the burden on state and federal partners,” said Patrick Blair, CEO of InnovAge. “Through our partnership with Tampa General Hospital, we’re expanding access to the gold standard of coordinated, community‐based care, helping more seniors live with health, purpose and dignity.”
“At TGH, we believe that every senior in our community deserves access to high-quality, compassionate care — regardless of their circumstances,” stated John Couris, president and CEO of Tampa General. “Our partnership with InnovAge reflects our continued work to break down barriers and bring comprehensive, coordinated health care directly to those who need it most. Together, we are committed to ensuring that our seniors receive the respect, dignity and care they deserve.”
Today’s celebration allowed InnovAge Tampa and TGH to honor its local veterans, seniors and caregivers, as well as its community partners with check presentations to Feeding Tampa Bay, The Salvation Army and Seniors in Service. In recognition of National Family Caregivers Month, the partnership also underscored how the PACE model extends vital support to caregivers through education, respite services and coordinated communication, empowering families alongside the loved ones for whom they care. Guests enjoyed performances by nationally acclaimed vocalist Cienna Alida Wesley and guided tours through its 35,000-square-foot center.
Media Contact
Lara Hazenfield
lhazenfield@innovage.com
Investor Contact
Ryan Kubota
rkubota@innovage.com
About InnovAge
InnovAge is a market leader in managing the care of high-cost, frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). With a mission of enabling older adults to age independently in their own homes for as long as safely possible, InnovAge’s patient-centered care model is designed to improve the quality of care its participants receive while reducing over-utilization of high-cost care settings. InnovAge believes its PACE health care model is one in which all constituencies — participants, their families, providers, and government payors — “win.” As of September 30, 2025, InnovAge served approximately 7,890 participants across 20 centers in six states. www.InnovAge.com.
ABOUT TAMPA GENERAL HOSPITAL
Tampa General Hospital, a 1,529-bed, not-for-profit academic health system, is one of the largest hospitals in America and delivers world-class care as the Tampa Bay region’s only center for Level l trauma and comprehensive burn care. The system’s hospitals include Tampa General Hospital, Tampa General Rehabilitation Hospital, and Tampa General Behavioral Health Hospital, all located in Tampa; Tampa General Brooksville, Tampa General Spring Hill, and Tampa General Crystal River. Tampa General Hospital is the highest-ranked hospital in Tampa Bay in U.S. News & World Report’s 2025-2026 Best Hospitals, with six medical specialties ranking among the top 50 in the nation and five additional medical specialties ranked among the top
Tampa General is the safety-net hospital for the region, caring for anyone regardless of ability to pay; in fiscal year 2023, Tampa General provided a net community benefit of approximately
