InnovAge Holding Corp. INNV

Company Overview

InnovAge Holding Corp. is a healthcare delivery company focused on providing comprehensive care to older adults through the Program of All-Inclusive Care for the Elderly (PACE). The company operates in the managed healthcare and senior care industries, delivering integrated medical, social, and long-term care services primarily to frail seniors who are eligible for nursing home care but prefer to remain in their homes and communities. InnovAge generates revenue largely through capitated payments from Medicare and Medicaid programs, under which it assumes responsibility for the total cost of participant care. Its service model combines primary care, specialty care coordination, rehabilitation, transportation, social services, and in-home support.

The company traces its roots to regional PACE programs established in the 1990s and later consolidated under InnovAge. InnovAge expanded through acquisitions and operational integration before becoming a publicly traded company on Nasdaq under the ticker INNV in 2021. The company’s positioning is tied to its vertically integrated care model, regulatory expertise in PACE operations, and focus on reducing institutional care utilization while improving outcomes for medically complex seniors.