InnovAge

InnovAge

Provides comprehensive in-home senior care (PACE)

Overview

InnovAge delivers in-home, comprehensive elder care through the Program of All-inclusive Care for the Elderly (PACE). It coordinates medical services, social support, in-home help, medication management, and therapies so seniors can age at home instead of moving to a nursing facility. A dedicated care team creates a personalized plan for each participant, combining medical care with social and practical support. The program is funded by Medicare, Medicaid, and private pay, with InnovAge managing these funds to provide required services. The goal is to help eligible seniors maintain independence and quality of life by receiving integrated, home-based care.

Significant Headcount Growth

About InnovAge

Simplify's Rating
Why InnovAge is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Healthcare

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Denver, Colorado

Founded

1989

Get referred to InnovAge

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Q3 FY2026 revenue hit $251.9 million, up 15.5%, and Adjusted EBITDA reached $30.5 million.
  • InnovAge raised FY2026 revenue guidance to $950 million-$975 million on May 5, 2026.
  • Florida, Colorado, and Virginia centers keep expanding addressable seniors without nursing-home placement.

What critics are saying

  • Delaware derivative settlement on May 4, 2026 alleges systemic PACE compliance failures and misleading statements.
  • InnovAge recorded $34.4 million litigation accrual on March 31, 2026.
  • DOJ CID from October 2024 still probes housing costs and enrollment practices across four states.

What makes InnovAge unique

  • PACE model bundles Medicare, Medicaid, in-home care, and transportation for frail seniors.
  • InnovAge serves 8,050 participants across 20 centers in six states as of March 31, 2026.
  • Joint ventures with Orlando Health and Tampa General extend distribution and referrals.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Paid Vacation

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Life Insurance

Supplemental Life Insurance

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

12%

1 year growth

12%

2 year growth

12%
InnovAge
Jul 31st, 2026
InnovAge named one of TIME's America's Best Companies of 2026.

InnovAge named one of TIME's America's Best Companies of 2026. July 31, 2026 InnovAge is proud to share that it has been recognized as one of TIME's America's Best Companies of 2026, becoming the only Program of All-Inclusive Care for the Elderly (PACE) organization included on this year's list. Presented by TIME and Statista, the annual ranking recognizes U.S. companies that demonstrate excellence in employee satisfaction, financial performance and commitment to sustainable growth. The recognition places InnovAge among recognized organizations across a wide range of industries while highlighting the InnovAge's role in delivering comprehensive, community-based care for older adults. At InnovAge, its employees are the driving force behind everything InnovAge Holding accomplish. Every day, interdisciplinary care teams work together to help older adults remain healthy, independent and living in their own homes and communities for as long as possible. From physicians, nurses and therapists to social workers, transportation professionals, home care aides, center staff and corporate teams, each employee plays an essential role in delivering the personalized, coordinated care that defines the PACE model. Being recognized by TIME reflects the dedication, expertise and compassion its employees bring to participants and their families every day. As the nation's largest provider of PACE by participants served, InnovAge remains committed to delivering high-quality, value-based care that improves health outcomes while helping older adults age with dignity and independence. This recognition also underscores InnovAge's continued focus on investing in its people, strengthening community partnerships and building a sustainable organization capable of serving more seniors in the years ahead. "Being named among TIME's America's Best Companies of 2026 is a tremendous honor," said Patrick Blair, Chief Executive Officer of InnovAge. "InnovAge is proud to be the only PACE organization recognized on this year's list, a distinction that reflects the dedication, compassion and expertise of our team members who work every day to help older adults live with dignity and independence in the places they call home." InnovAge Holding is grateful to every InnovAge employee whose dedication makes this recognition possible. Together, InnovAge Holding continue to advance its mission of helping older adults live life, on their terms, in the place they most want to be: home. Learn more about TIME's America's Best Companies of 2026 here: time.com/article/2026/07/09/americas-best-companies-2026/ Watch InnovAge feature videos and testimonials from participants, staff, and cargivers on its InnovAge Media Page.

Yahoo Finance
Mar 16th, 2026
InnovAge upgraded to Strong Buy as analysts lift earnings estimates after return to profit

InnovAge Holding has been upgraded to Zacks Rank #1 (Strong Buy) as analysts raised earnings estimates following improved financial performance. The company reported revenue of $239.7 million and net profit of $10.6 million in its most recent quarter, returning to profitability after prior-year losses. InnovAge raised its full-year 2026 revenue guidance to $925 million to $950 million, supporting analyst optimism around its turnaround. The company's narrative projects $1.1 billion revenue and $17.9 million earnings by 2028. However, analysts note fair value estimates range widely from $7.00 to $28.96 per share. Key risks remain around rising care and compliance costs, alongside the company's reliance on Medicare and Medicaid funding, which exposes it to policy and reimbursement uncertainties.

Quiver Quantitative
Feb 5th, 2026
InnovAge Advocates for Strengthening Senior Care Programs at Colorado State Capitol

InnovAge advocates for strengthening senior care programs at Colorado State Capitol. Posted: 1 week ago / Feb. 5, 2026 1:51 p.m. UTC InnovAge and LeadingAge Colorado advocate for senior care improvements with lawmakers, highlighting the PACE program's benefits for older adults. Quiver AI summary. InnovAge Holding Corp., a leading provider of the Program of All-Inclusive Care for the Elderly (PACE), collaborated with LeadingAge Colorado to advocate for the care of Colorado's aging population during a meeting with state lawmakers at the Colorado State Capitol. Seniors enrolled in InnovAge's Colorado PACE shared their positive experiences, highlighting the program's effectiveness in delivering comprehensive, person-centered care that fosters independence and safety in their homes. InnovAge representatives presented data showing the program's success in reducing hospitalizations and caregiver strain. They emphasized the need for increased awareness of PACE among seniors and caregivers, especially as the state faces budgetary challenges. State leaders, including Lt. Gov. Dianne Primavera, acknowledged the importance of providing a safe, supportive environment for seniors and the need for policies that strengthen community-based care. Potential positives. * InnovAge's partnership with LeadingAge Colorado and engagement with state lawmakers highlights the company's active role in advocating for the well-being of Colorado's aging population. * The presence of seniors enrolled in InnovAge's PACE program at the Capitol provides lawmakers with direct testimonials on the program's effectiveness in improving quality of life and reducing healthcare costs. * InnovAge emphasized its commitment to high-quality, cost-effective care, positioning itself favorably in discussions about state budget decisions affecting elderly care services. * The press release underscores InnovAge's impact on reducing caregiver burden and preventing hospitalization, showcasing the program's success and relevance to policymakers and the community. Potential negatives. * InnovAge has highlighted that many seniors and caregivers remain unaware of the PACE program, indicating a potential failure in marketing or outreach efforts. * The press release stresses the importance of protecting and strengthening care for the aging population, suggesting that the current system may be under threat or insufficiently funded. * Discussions of workforce challenges and Medicaid funding crises suggest possible operational difficulties and vulnerabilities within the company's service environment. Faq. What is InnovAge Holding Corp. known for? InnovAge Holding Corp. is a leading provider of the Program of All-Inclusive Care for the Elderly (PACE). How does PACE support Colorado's aging population? PACE provides comprehensive, person-centered care that enables seniors to live safely and independently in their homes. What outcomes does InnovAge's PACE program achieve? The PACE program results in lower hospitalization rates, reduced emergency room use, and fewer nursing home admissions. Why do lawmakers meet with InnovAge seniors? Lawmakers meet with InnovAge seniors to understand how PACE programs enhance independence and quality of life for older adults. What challenges do older adults face in Colorado? Older adults in Colorado face challenges related to Medicaid funding, workforce issues, and access to home-based care services. Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here. Receive $INNV Data Alerts $INNV insider trading activity. $INNV insiders have traded $INNV stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales. * MICHAEL ANTHONY SCARBROUGH (President and COO) sold 33,000 shares for an estimated $161,700 To track insider transactions, check out Quiver Quantitative's insider trading dashboard. $INNV revenue. $INNV had revenues of $239.7M in Q2 2026. This is an increase of 14.69% from the same period in the prior year. $INNV hedge fund activity. We have seen 40 institutional investors add shares of $INNV stock to their portfolio, and 27 decrease their positions in their most recent quarter. Here are some of the largest recent moves: * T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 331,970 shares (+6.3%) to their portfolio in Q3 2025, for an estimated $1,712,965 * CAMBIAR INVESTORS LLC removed 229,987 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $1,186,732 * RITHOLTZ WEALTH MANAGEMENT added 165,066 shares (+inf%) to their portfolio in Q4 2025, for an estimated $856,692 * WINNOW WEALTH LLC removed 100,000 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $516,000 * ACCORDANT ADVISORY GROUP INC removed 100,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $519,000 * TOPLINE CAPITAL MANAGEMENT, LLC removed 43,378 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $223,830 * KENT LAKE PR LLC added 42,649 shares (+2.5%) to their portfolio in Q3 2025, for an estimated $220,068 To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. $INNV analyst ratings. Wall Street analysts have issued reports on $INNV in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings. Here are some recent analyst ratings: * JP Morgan issued a "Underweight" rating on 09/18/2025 To track analyst ratings and price targets for $INNV, check out Quiver Quantitative's $INNV forecast page. Full release. DENVER, Feb. 05, 2026 (GLOBE NEWSWIRE) - InnovAge Holding Corp. ("InnovAge") (Nasdaq: INNV), a leading Program of All-Inclusive Care for the Elderly (PACE) provider, in partnership with LeadingAge Colorado, met with state lawmakers today at the Colorado State Capitol to underscore the importance of protecting and strengthening care for Colorado's aging population, including through PACE. Seniors enrolled in InnovAge Colorado PACE met with several lawmakers to share firsthand how the program delivers comprehensive, person-centered care that allows older adults to remain living safely and independently in their homes and communities. Representatives from InnovAge's six Colorado PACE centers highlighted the program's proven outcomes, including lower hospitalization, emergency room use, and nursing home admissions, while also reducing caregiver burden. "When lawmakers hear directly from the seniors we serve, they gain a real understanding of how PACE supports independence, dignity, and quality of life," said Linda Whyte, InnovAge Colorado PACE Area Center Director. "These conversations are essential as policy and budget decisions are made." InnovAge leaders also emphasized that while PACE delivers high-quality, cost-effective care, many seniors and caregivers remain unaware the program exists. "PACE works. It improves outcomes, supports caregivers, and delivers care responsibly for taxpayers," said Don Nelson, InnovAge Senior Vice President of Government Affairs. "As the state faces tough budget decisions, protecting programs with a proven track record that benefit our most frail population is critical." State leaders shared perspectives on issues impacting older adults and their families, including Medicaid funding, workforce challenges, and access to home- and community-based care. "I cared for my father, kept him in my own home, which is where he wanted to be until he was 101 years old. That experience shaped my understanding of how critical this work is, not just as policy, but as something that touches real lives, real families, and real communities," said Colorado Lt. Gov Dianne Primavera. "We want that sense of security for our seniors," said Colorado House Majority Leader Rep. Monica Duran. "What you are doing is amazing and so important. We make laws that impact our senior population and by being here you are being a voice for them." LeadingAge Colorado joined InnovAge in advocating for policies that support senior care providers and the growing number of older adults who rely on community-based services. "Our Day on the Hill is about making sure policymakers hear directly from the providers and professionals who serve older Coloradans every day. We're here to share real-world perspectives and work collaboratively on policies that strengthen aging services and access to affordable housing across our state," said Deborah Lively, President & CEO, LeadingAge Colorado. About InnovAge InnovAge is a market leader in managing the care of high-cost, frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). With a mission of enabling older adults to age independently in their own homes for as long as safely possible, InnovAge's patient-centered care model is designed to improve the quality of care its participants receive while reducing over-utilization of high-cost care settings. InnovAge believes its PACE healthcare model is one in which all constituencies - participants, their families, providers, and government payors - "win." As of December 31, 2025, InnovAge served approximately 8,010 participants across 20 centers in six states. https://www.innovage.com/ MEDIA CONTACTS Lara Hazenfield InnovAge Public Relations Manager [email protected]

GlobeNewswire
Dec 30th, 2025
InnovAge Announces Participation at the 44th Annual J.P. Morgan Healthcare Conference

InnovAge announces participation at the 44th Annual J.P. Morgan Healthcare Conference. December 30, 2025 08:00 ET | Source: InnovAge DENVER, Dec. 30, 2025 (GLOBE NEWSWIRE) - InnovAge Holding Corp. ("InnovAge" or the "Company") (Nasdaq: INNV), an industry leader in providing comprehensive healthcare programs to frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced that CEO Patrick Blair will present at the 44th Annual J.P. Morgan Healthcare Conference on Monday, Jan. 12, 2026, at 9:45 a.m. (PT) / 12:45 p.m. (ET). The presentation and audio will be webcast live, and the webcast link and related presentation materials for the event will be available online on the investor relations section of the Company's website. About InnovAge InnovAge is a market leader in managing the care of high-cost, frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). With a mission of enabling older adults to age independently in their own homes for as long as safely possible, InnovAge's patient-centered care model is designed to improve the quality of care our participants receive while reducing over-utilization of high-cost care settings. InnovAge believes its PACE healthcare model is one in which all constituencies - participants, their families, providers and government payors - "win." As of September 30, 2025, InnovAge served approximately 7,890 participants across 20 centers in six states. https://www.innovage.com. This press release was published by a CLEAR(R) Verified individual.

GlobeNewswire
Sep 23rd, 2025
InnovAge Appoints Meredith Delk as Executive Vice President and Chief Administrative Officer

InnovAge appoints Meredith Delk as Executive Vice President and Chief Administrative Officer.

Recently Posted Jobs

Sign up to get curated job recommendations

InnovAge is Hiring for 156 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →