Plutux
$10.87
+0.51%
2026-09-03 11:11:46 EDT+$0.06
Healthcare
Medical - Care Facilities
NASDAQ
Active Trading

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to ...

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$10.87
+0.51%+$0.06
High
Low
52W High-14.0%
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VolumeSMA5SMA10
InnovAge Holding Corp. operates in the healthcare and medical-care-facilities sector and is headquartered in Denver, Colorado. Its principal business is the delivery and management of comprehensive care for frail seniors who generally require substantial medical and supportive services. InnovAge primarily uses the Program of All-Inclusive Care for the Elderly, or ...InnovAge Holding Corp. operates in the healthcare and medical-care-facilities sector and is headquartered in Denver, Colorado. Its principal business is the delivery and management of comprehensive care for frail seniors who generally require substantial medical and supportive services. InnovAge primarily uses the Program of All-Inclusive Care for the Elderly, or PACE, a coordinated model designed to combine medical care, long-term services, social support, and care management in one integrated program. The model is intended to allow eligible seniors to remain in their homes and communities rather than move prematurely into institutional settings. The company’s services include primary care, nursing and specialty coordination, physical and occupational therapy, speech therapy, dental care, behavioral health, psychiatric services, meals, social activities, medication and pharmacy support, and transportation. InnovAge also provides in-home services, including skilled nursing, unskilled assistance, and personal care. Transportation is offered between participants’ homes, PACE centers, and third-party medical appointments. Care managers coordinate treatment plans and help participants navigate healthcare and community resources. InnovAge serves participants in the United States and operates PACE centers in Colorado, California, New Mexico, Pennsylvania, Florida, and Virginia. The company states that it has grown from an initial pilot operation into a multi-state platform with numerous locations. Its customer base is primarily composed of seniors who qualify for Medicare, Medicaid, or both, making government reimbursement programs central to the business model. Revenue economics therefore depend on participant enrollment, capitation payments, regulatory requirements, quality performance, medical utilization, staffing, and the company’s ability to manage the total cost of care. From an operating perspective, the business is labor-intensive. Major cost categories include clinical and support personnel, medical services, pharmaceuticals, facility operations, transportation, food and participant activities, insurance, compliance, and administrative functions. Because PACE is an integrated-care model, InnovAge does not manufacture physical products and has no conventional product bill of materials. Its practical service BOM consists of clinical labor, facilities, technology systems, transportation resources, medical supplies, pharmacy services, and contracted provider relationships. The supplied data identifies 2,440 full-time employees, placing the company in the 2,001-5,000 employee category. The company became publicly traded on Nasdaq in March 2021 and was formerly known as TCO Group Holdings, Inc. before adopting the InnovAge Holding Corp. name in January 2021. Patrick Blair serves as president and chief executive officer. Other reported leadership roles include finance, operations, legal, and pharmacy executives. The supplied trailing-twelve-month indicators show approximately $1.52 billion of market capitalization and approximately $1.52 billion of enterprise value. Reported revenue-based valuation was about 1.6 times sales, while free cash flow was positive at approximately $42.5 million at the enterprise level. However, the company also reported a negative net margin of approximately 2.3%, negative return on equity, and an EBITDA multiple that was very high because EBITDA was limited. These figures indicate a business with significant scale and cash-generation potential but continued profitability and execution challenges. InnovAge’s principal strategic priorities are likely to include expanding PACE enrollment, improving care quality and regulatory compliance, controlling medical and labor costs, strengthening center utilization, and delivering sustainable earnings while preserving its mission of supporting senior independence.
Founded
1989
Employees
2440
CEO
Patrick Blair
Full Name
Innovage Holding Corp.
Sector
Healthcare
Industry
Medical - Care Facilities
ROE
-9.20%
Market Cap
$1.47B
Current Ratio
1.03
WACC
6.28%
ROIC
-4.89%

Contact Information

844 803 8745
8950 East Lowry Boulevard, Denver, CO 80230

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