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 (INNV) operates a specialized healthcare platform delivering integrated care for seniors through the PACE program. This page aggregates official company announcements, financial disclosures, and operational updates for investors and industry observers.
Access timely press releases covering earnings reports, care model innovations, regulatory developments, and strategic partnerships. Our curated collection helps stakeholders track INNV's performance in senior care markets while monitoring implementation of their capitated payment model.
Key updates include Medicare/Medicaid compliance changes, center expansions, clinical quality improvements, and leadership announcements. Bookmark this page for centralized access to verified InnovAge communications, maintained with neutral reporting standards.
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.