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.
InnovAge Holding Corp. (Nasdaq: INNV) is a healthcare company that manages the care of high-cost, frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). The InnovAge news feed on Stock Titan highlights company announcements that reflect its role in senior care and its position as a market leader in PACE based on participants served.
News about InnovAge frequently covers financial results, including quarterly and annual earnings releases, updates on census (participants served), and guidance ranges for total revenues and Adjusted EBITDA. These items are often accompanied by Form 8-K filings and investor conference calls, giving context on how the business is performing and how management views its progress.
Investors and observers can also follow corporate developments such as leadership appointments in clinical and administrative roles, joint ventures, and strategic collaborations. For example, InnovAge has announced a joint venture involving its Florida PACE center in Tampa with Tampa General Hospital, aimed at expanding community-based care options for seniors. Other updates include participation in major healthcare conferences and recognition such as recertification as a Great Place to Work®.
The news stream additionally features mission- and advocacy-related activities, such as InnovAge’s sponsorship of a PBS documentary on caregiving, which aligns with its focus on supporting seniors and caregivers. Together, these updates provide a view into how InnovAge operates its PACE model, interacts with government payors and community partners, and communicates with shareholders. Bookmarking this page allows readers to monitor new earnings releases, governance updates, and strategic announcements related to INNV.
InnovAge (NASDAQ: INNV) reported its fiscal Q2 2025 financial results, showing mixed performance. Total revenue increased 10.6% to $209.0 million compared to $188.9 million in Q2 2024. However, the company's loss before income taxes widened significantly to $13.5 million, up from $3.7 million in the prior year period.
Key metrics include a census growth to approximately 7,480 participants from 6,780 in Q2 2024. Center-level Contribution Margin increased 10.3% to $37.1 million, while Adjusted EBITDA decreased to $5.9 million from $6.9 million, with margin declining to 2.8% from 3.7%. The company ended the quarter with $46.1 million in cash, $40.8 million in short-term investments, and $78.3 million in debt.
For fiscal year 2025, InnovAge maintained its guidance with projected total revenues between $815-865 million and Adjusted EBITDA of $24-31 million.
InnovAge Holding Corp. (Nasdaq: INNV) announced it will release its 2025 fiscal second quarter financial results on Tuesday, February 4, 2025, after market close.
The company will also host a conference call at 5 p.m. E.T. to review the results. A live audio webcast of the call will be available on InnovAge's website, and a replay will be accessible shortly after the call's completion.
InnovAge is a leader in providing comprehensive healthcare programs to frail, predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). The company aims to enable older adults to age independently at home while improving care quality and reducing high-cost care utilization. As of September 30, 2024, InnovAge served approximately 7,210 participants across 20 centers in six states.
For more information, visit the company's website or contact Investor Relations at Ryan Kubota (rkubota@innovage.com) or Media Relations at Lara Hazenfield (lhazenfield@innovage.com).
InnovAge Holding Corp. (Nasdaq: INNV), the largest Program of All-inclusive Care for the Elderly (PACE) provider in the U.S., marks its 35th anniversary of transforming senior care. Since its 1989 founding, InnovAge has expanded from one pilot location to 20 centers across 6 states, serving approximately 7,210 current participants and a total of 24,440 seniors throughout its history.
PACE, available in 33 states and D.C., offers comprehensive care for seniors who might otherwise require nursing home care, funded primarily through Medicare and Medicaid. The company continues to enhance its services with new technologies, PACE-customized electronic medical records, in-house dental and behavioral health care, Medicaid enrollment assistance, and 24/7 support. With proposed federal legislation including the PACE Anytime and Elizabeth Dole Acts, InnovAge aims to expand access to more eligible seniors.
InnovAge (INNV) reported fiscal Q1 2025 results showing improved financial performance. Total revenue increased 12.4% to $205.1 million compared to $182.5 million in Q1 2024. Net loss improved to $5.7 million ($0.04 per share) from $11.0 million ($0.08 per share) year-over-year. Adjusted EBITDA grew significantly to $6.5 million from $1.3 million, with margin expanding to 3.2%. Census grew to 7,210 participants from 6,580. The company maintains its FY2025 guidance with projected revenue of $815-865 million and Adjusted EBITDA of $24-31 million.
InnovAge Holding Corp (Nasdaq: INNV) announces key leadership changes effective November 4th, 2024. Michael Scarbrough joins as President and Chief Operating Officer, replacing Christine Bent who is stepping down. Scarbrough brings over 30 years of healthcare experience, most recently serving as CEO of Optum at Home. Additionally, Maria Lozzano is promoted to President, Pharmacy Services. Lozzano previously served as Senior Vice President and Chief Business Development Operations Officer at InnovAge. The company, which manages care for dual-eligible seniors through PACE programs, currently serves approximately 7,020 participants across 20 centers in six states.
InnovAge Holding Corp. (Nasdaq: INNV), the largest provider of Program of All-inclusive Care for the Elderly (PACE) by participant numbers, plans to showcase its clinical, operational, and business transformations at the 2024 National PACE Association (NPA) Conference. Under CEO Patrick Blair, InnovAge has implemented innovations to improve clinical operations and enhance employee experience across its 20 centers.
Key developments include:
- A new operating model strengthening collaboration between operations, physicians, and nurses
- Partnership with Epic to develop PACE-specific EHR workflows, analytics, and integrations
- Implementation of auditing and quality assurance programs
InnovAge executives will participate in several panel discussions at the NPA Conference, covering topics such as care communication, Medicare risk adjustment, CMS audits, and behavioral health integration.
InnovAge Holding Corp. (NASDAQ: INNV) has announced an increase in its share repurchase program. The Board of Directors has authorized an additional $2.5 million for common stock repurchases, on top of the $5.0 million initially approved in June 2024. Since the program's inception, InnovAge has already repurchased 837,372 shares with an aggregate market value of $5.0 million.
The expanded program allows for open market purchases, including under Rule 10b-18 safe harbor, privately negotiated transactions, and other compliant methods. Timing and volume of repurchases will depend on various factors, including stock price and market conditions. The company retains the flexibility to suspend or discontinue the program at any time.
InnovAge, a leading Program of All-inclusive Care for the Elderly (PACE) provider, has been chosen to participate in a national study on preventing falls among seniors. This research aligns with National PACE Awareness Month and Falls Prevention Month in September. InnovAge's involvement highlights the critical need to address falls, which are the leading cause of injury and death in older adults.
Key points:
- InnovAge participants experience 16% fewer falls than the National PACE Association's average
- The U.S. population aged 65+ is projected to grow 47% by 2050
- PACE offers comprehensive care, including access to various healthcare professionals
- The LeaHD study, in partnership with prestigious universities, aims to improve fall risk prediction and enhance senior healthcare outcomes
This initiative underscores InnovAge's commitment to enabling seniors to age safely at home and in their communities.
InnovAge Holding Corp. (Nasdaq: INNV), a leader in comprehensive healthcare for frail seniors through PACE, reported its fiscal Q4 and full-year 2024 results. Key highlights include:
- Total revenue increased 11.0% to $763.9 million
- Net loss improved to $23.2 million from $43.6 million in 2023
- Net loss margin improved to 3.0% from 6.3% in 2023
- Adjusted EBITDA of $16.5 million, up from negative $3.4 million in 2023
- Census grew to approximately 7,020 participants from 6,400 in 2023
For fiscal 2025, InnovAge projects census between 7,300 and 7,750, total revenues of $815-$865 million, and Adjusted EBITDA of $24-$31 million.
InnovAge Holding Corp. (Nasdaq: INNV), a leader in providing comprehensive healthcare programs to frail seniors through the Program of All-inclusive Care for the Elderly (PACE), has announced its plans to release its fiscal 2024 fourth quarter and full year financial results on Tuesday, September 10, 2024, after market close. The company will host a conference call at 5 p.m. E.T. to review the results.
A live audio webcast of the call will be available on the company's investor website, with a replay accessible shortly after. As of March 31, 2024, InnovAge served approximately 6,820 participants across 19 centers in six states. With the opening of its Orlando center in April, InnovAge now operates 20 centers.