InnovAge Holding Corp. (INNV) Stock

InnovAge Holding Corp., headquartered in Denver, Colorado, specializes in managing and delivering a comprehensive range of medical and ancillary services tailored to support seniors who wish to maintain independence within their homes and communities. The company operates under the Program of All-Inclusive Care for the Elderly (PACE) model, which integrates various healthcare and support services to enhance quality of life for elderly participants.

InnovAge's services encompass a broad spectrum of offerings, including in-home care services that range from skilled nursing to personal care assistance. Additionally, the company provides comprehensive in-center services such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, as well as nutritious meals and engaging activities. Transportation services are also available to facilitate access to PACE centers and third-party medical appointments.

Founded in 2007 as TCO Group Holdings, Inc. and rebranded as InnovAge Holding Corp. in January 2021, the company has significantly expanded its footprint. As of June 30, 2022, InnovAge serves approximately 6,650 PACE participants across multiple states, operating 18 PACE centers located in Colorado, California, New Mexico, Pennsylvania, and Virginia. This widespread presence allows InnovAge to effectively meet the diverse needs of seniors nationwide, promoting their well-being and independence.

Located in Denver, a hub for healthcare innovation and senior care initiatives, InnovAge Holding Corp. benefits from a strategic position that fosters collaboration with leading healthcare providers and community organizations. With a commitment to delivering compassionate and personalized care solutions, InnovAge continues to lead in transforming senior healthcare through its innovative PACE model and comprehensive service offerings.