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Innovage Holding Corp   (INNV)
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Price: $4.2900 $0.00 0.117%
Day's High: $4.29 Week Perf: -11 %
Day's Low: $ 3.96 30 Day Perf: -20.33 %
Volume (M): 75 52 Wk High: $ 8.15
Volume (M$): $ 321 52 Wk Avg: $6.16
Open: $4.20 52 Wk Low: $3.96



 Market Capitalization (Millions $) 583
 Shares Outstanding (Millions) 136
 Employees 2,700
 Revenues (TTM) (Millions $) 721
 Net Income (TTM) (Millions $) -34
 Cash Flow (TTM) (Millions $) -45
 Capital Exp. (TTM) (Millions $) 13

Innovage Holding Corp
Innovage Holding Corp was a holding company that provided direct-to-consumer (DTC) and outsourced services to the senior living industry. The company was headquartered in Denver, Colorado and had operations in various states across the US. Innovage Holding Corp was created in December 2020 as a result of a merger between InnovAge and a SPAC (Special Purpose Acquisition Company) called HCIC.

InnovAge was a well-established and reputable provider of comprehensive managed healthcare services for elderly adults. The company was founded in 1991 and had over 20 years of experience in the senior care industry. InnovAge's programs were specifically designed to keep seniors living independently for as long as possible, by providing medical care and support services in their homes. InnovAge had an integrated service delivery model, which provided participants with access to medical care, home rehab, ADL (Activities of Daily Living) support, and transportation.

HCIC was a SPAC (Special Purpose Acquisition Company) that was created to facilitate the merger between InnovAge and Innovage Holding Corp. HCIC raised $310 million from institutional investors in a 2019 IPO (Initial Public Offering). Its purpose was to acquire a business and take it public, without having to go through the traditional IPO process.

As a result of the merger, Innovage Holding Corp raised $365 million of gross proceeds. This capital was used to pay off existing debt, acquire ownership in InnovAge, and fund growth initiatives. Innovage Holding Corp became a public company and was listed on the NASDAQ under the ticker symbol INNV.

Innovage Holding Corp offered a range of services to the senior care industry, including PACE (Programs of All-inclusive Care for the Elderly) programs, home care, and institutional services. PACE programs were a popular offering, with 17 PACE centers across eight states. Innovage Holding Corp's PACE programs were designed to provide seniors with a complete range of medical and support services, including primary care, rehabilitation, home-based care, dentistry, and social work.

Innovage Holding Corp also had a strong presence in the institutional care field. The company had partnerships with various nursing homes, assisted living facilities, and other senior living communities. Innovage Holding Corp provided these communities with medical management services, staff training, and risk management programs.

Overall, Innovage Holding Corp was a well-positioned and reputable provider of senior care services. The company's dedication to personalized care and support services made it a leader in the senior care industry. Its innovative programs, experienced staff, and strong partnerships with healthcare providers made Innovage Holding Corp a great option for families and seniors looking for comprehensive care and support.


   Company Address: 8950 E. Lowry Boulevard Denver 80230 CO
   Company Phone Number: 803-8745   Stock Exchange / Ticker: NASDAQ INNV
   


   

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Product Service News

Transforming Senior Care: InnovAge Launches Pioneering PACE Center in Tampa

Published Mon, Mar 4 2024 5:50 PM UTC

InnovAge, a leading provider of senior healthcare solutions, recently inaugurated its first Program of All-Inclusive Care for the Elderly (PACE) center in Florida. This innovative healthcare initiative aims to promote seniors' independence and well-being by offering a comprehensive range of services. The opening of the PACE center in Tampa marks a significant milestone for I...

Innovage Holding Corp

Unparalleled Excellence: Medical Equipment & Supplies Sets New Standards During Remarkable Financial Quarter!

InnovAge Holding Corp, a leading provider of PACE services, recently announced its acquisition of ConcertoCares PACE Programs, marking a significant step towards expanding its presence on the West Coast. This strategic move is expected to enhance InnovAge's ability to provide comprehensive care options to the elderly population. Let's delve into the key facts of this acquisition and assess its potential impact on the company.
Firstly, InnovAge successfully acquired ConcertoCares PACE Programs, solidifying its position as a leading provider of elderly care services in the West Coast region. This expansion will allow InnovAge to serve a larger customer base and potentially boost its revenues in the coming quarters.

Product Service News

InnovAge Expands Horizon: Uniting Comprehensive Care for the Elderly on the West Coast

Published Fri, Dec 1 2023 2:21 PM UTC



InnovAge, a leading provider of PACE (Program of All-Inclusive Care for the Elderly) services, recently announced its acquisition of ConcertoCares PACE Programs. This strategic move marks a significant expansion of InnovAge's footprint on the West Coast, enhancing its ability to provide comprehensive care options to the elderly population. In this article, we will ...

Innovage Holding Corp

Innovage Holding Corp's Recent Revenue Boost Fails to Offset Losses- Investors Beware!

Investors Anticipate Positive Future Performance for Innovage Holding Corp
October 30, 2023
Innovage Holding Corp, a leading company in the sector, recently released its financial results for the period covering July to September 2023. Despite a net deficit of $-10.962 million during that period, there are several positive indicators that investors should take note of.
Firstly, it is important to highlight the company's steady improvement in its earnings per share (EPS) figures. Innovage Holding Corp experienced a narrowing loss, reporting a loss of $-0.08 per share compared to $-0.10 per share in the same period last year, and no change compared to the previous reporting season. This demonstrates the company's progress in managing their expenses and indicates a possible path to profitability.

Innovage Holding Corp

Innovage Holdings Corp Suffers Loss Despite Revenue Surge in Fourth Quarter of 2023

Innovage Holding Corp, a Medical Equipment & Supplies company, recently released its financial results for the fourth quarter of 2023. Despite reporting a loss of $0.08 per share, compared to $0.09 in the previous year, the company's revenue grew moderately by 2.322% to $176.87 million.
However, this revenue surge was lower than the average growth rate of 4.80% for the Medical Equipment & Supplies sector during the same period. Analysts believe that this slower growth may be due to a decline in demand, as evidenced by the decrease in accounts receivable to $24.3 million.






 

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