InnovAge Holding Corp. reports developments tied to its Program of All-inclusive Care for the Elderly (PACE) healthcare delivery platform for frail, predominantly dual-eligible seniors. The company provides comprehensive, capitated care intended to support older adults in home and community settings while managing use of hospitals, emergency rooms, and nursing homes.
Recurring news includes fiscal-quarter results, revenue and Adjusted EBITDA guidance, census and Total Member Months metrics, center performance, investments in clinical teams, technology and quality capabilities, and interactions with policymakers around the PACE model. Company updates also cover board composition, investor presentations, conference participation, and operating execution across its PACE centers.
InnovAge Holding Corp. (Nasdaq: INNV) announced that on March 9, 2021, underwriters exercised their option to purchase an additional 2,329,234 shares from its initial public offering, bringing the total issued shares to 18,995,901. The offering generated gross proceeds of approximately $399 million, priced at $21.00 per share, prior to discounts. The company focuses on caring for high-cost, dual-eligible seniors and operates across five states, serving about 6,600 participants.