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Innovage Holding's Business Segments
Innovage Holding's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q3 FY2026
Reportable Segments
1
Largest Segment
PACE
Total Revenue
$ 252
Regions Reported
-
Revenue Share by Reportable Segment - Q3 FY2026
- PACE100%
Revenue by Reportable Segment - Q3 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| PACE | $ 252 | 100% |
Revenue by Product & Service Category - Q3 FY2026
- Capitation revenue99.8%
- Other service revenue0.2%
Revenue by Product & Service Category - Q3 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Capitation revenue | $ 252 | 99.8% |
| Other service revenue | $ 0 | 0.2% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Innovage Holding
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.
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.
Innovage Holding Corp is a healthcare services company that effectively addresses the diverse needs of the aging population through its comprehensive offerings across three primary segments: Senior Care Management, Consumer Health Management, and Professional Health Management. Each segment is tailored to provide specialized products and services that enhance the quality of life and health outcomes for patients and seniors while supporting healthcare professionals.
1. Senior Care Management
The Senior Care Management segment is centered on providing essential home care services to elderly individuals who require assistance to maintain independence in the comfort of their own homes. The range of services offered includes:
- Personal Care Services: Trained caregivers assist clients with daily living activities such as grooming, bathing, dressing, and hygiene, enhancing the dignity and comfort of seniors.
- Meal Preparation and Nutrition: Caregivers prepare nutritious meals tailored to meet dietary restrictions or preferences, ensuring that clients maintain a balanced diet.
- Companionship Services: This component addresses the emotional needs of seniors by providing companionship, engaging in conversation, and participating in activities that promote socialization and mental well-being.
- Medication Management: Caregivers assist in managing medications, ensuring that clients take the right dosages at the appropriate times, which is crucial in preventing medication-related issues.
- Transportation Services: For seniors who may need assistance getting to appointments or participating in community activities, Innovage offers transportation solutions to ensure they remain active and connected.
Consumer Health Management
The Consumer Health Management segment is focused on enhancing individual health and wellness, embracing both innovative technologies and traditional products:
- Lifeline Personal Emergency Response System: This critical device allows individuals to quickly call for help in emergency situations, providing peace of mind to seniors and their families. The system often features waterproof pendants and can be connected to a 24/7 emergency response center.
- Liberty Health Supply: A comprehensive catalog of medical supplies and equipment is offered, catering to various health conditions. Products include mobility aids, incontinence supplies, wound care products, and other daily living aids that empower consumers to manage their health needs effectively.
- Health and Wellness Education: This aspect involves providing resources and education on wellness practices, preventive health measures, nutrition, and chronic disease management, aimed at fostering greater awareness and proactive health management among users.
Professional Health Management
The Professional Health Management segment caters primarily to healthcare professionals and institutions by delivering an array of specialized services:
- Medical Billing and Coding: Innovage offers expert medical billing services that ensure healthcare providers are accurately reimbursed for services rendered, helping to streamline revenue cycles and reduce administrative burdens.
- Clinical Research Services: The company engages in clinical research support, providing services including patient recruitment, data management, and compliance services to facilitate clinical trials and enhance the development of new therapeutic modalities.
- Medical Consulting: Innovage provides consulting services to healthcare organizations, focusing on improving operational efficiencies, compliance with healthcare regulations, and optimizing patient care strategies.
- Advanced Wound Care: Innovage offers a variety of wound care products and services designed to promote healing and prevent complications, including specialized wound dressings, debridement products, and negative pressure wound therapy devices.
Commitment to Quality Care
Across all segments, Innovage Holding Corp’s commitment to quality care is encapsulated in its approach to service delivery. The company employs trained professionals dedicated to understanding the unique needs of each client. Rigorous training ensures that caregivers and healthcare professionals are not only skilled but also empathetic to the challenges faced by their clients.
Innovage believes in a holistic approach to health care, emphasizing the importance of compassionate, accessible services tailored to improve the overall health and well-being of individuals, particularly the elderly. By providing a diverse range of products and services designed to meet varying health needs, Innovage Holding Corp helps individuals manage their health effectively, contributing to enhanced quality of life.
1. Senior Care Management
The Senior Care Management segment is centered on providing essential home care services to elderly individuals who require assistance to maintain independence in the comfort of their own homes. The range of services offered includes:
- Personal Care Services: Trained caregivers assist clients with daily living activities such as grooming, bathing, dressing, and hygiene, enhancing the dignity and comfort of seniors.
- Meal Preparation and Nutrition: Caregivers prepare nutritious meals tailored to meet dietary restrictions or preferences, ensuring that clients maintain a balanced diet.
- Companionship Services: This component addresses the emotional needs of seniors by providing companionship, engaging in conversation, and participating in activities that promote socialization and mental well-being.
- Medication Management: Caregivers assist in managing medications, ensuring that clients take the right dosages at the appropriate times, which is crucial in preventing medication-related issues.
- Transportation Services: For seniors who may need assistance getting to appointments or participating in community activities, Innovage offers transportation solutions to ensure they remain active and connected.
Consumer Health Management
The Consumer Health Management segment is focused on enhancing individual health and wellness, embracing both innovative technologies and traditional products:
- Lifeline Personal Emergency Response System: This critical device allows individuals to quickly call for help in emergency situations, providing peace of mind to seniors and their families. The system often features waterproof pendants and can be connected to a 24/7 emergency response center.
- Liberty Health Supply: A comprehensive catalog of medical supplies and equipment is offered, catering to various health conditions. Products include mobility aids, incontinence supplies, wound care products, and other daily living aids that empower consumers to manage their health needs effectively.
- Health and Wellness Education: This aspect involves providing resources and education on wellness practices, preventive health measures, nutrition, and chronic disease management, aimed at fostering greater awareness and proactive health management among users.
Professional Health Management
The Professional Health Management segment caters primarily to healthcare professionals and institutions by delivering an array of specialized services:
- Medical Billing and Coding: Innovage offers expert medical billing services that ensure healthcare providers are accurately reimbursed for services rendered, helping to streamline revenue cycles and reduce administrative burdens.
- Clinical Research Services: The company engages in clinical research support, providing services including patient recruitment, data management, and compliance services to facilitate clinical trials and enhance the development of new therapeutic modalities.
- Medical Consulting: Innovage provides consulting services to healthcare organizations, focusing on improving operational efficiencies, compliance with healthcare regulations, and optimizing patient care strategies.
- Advanced Wound Care: Innovage offers a variety of wound care products and services designed to promote healing and prevent complications, including specialized wound dressings, debridement products, and negative pressure wound therapy devices.
Commitment to Quality Care
Across all segments, Innovage Holding Corp’s commitment to quality care is encapsulated in its approach to service delivery. The company employs trained professionals dedicated to understanding the unique needs of each client. Rigorous training ensures that caregivers and healthcare professionals are not only skilled but also empathetic to the challenges faced by their clients.
Innovage believes in a holistic approach to health care, emphasizing the importance of compassionate, accessible services tailored to improve the overall health and well-being of individuals, particularly the elderly. By providing a diverse range of products and services designed to meet varying health needs, Innovage Holding Corp helps individuals manage their health effectively, contributing to enhanced quality of life.