Home Health Care News September 22, 2021
InnovAge (Nasdaq: INNV) went public earlier this year with a $350 million IPO. It has since set its sights on expansion.
The largest Program of All-Inclusive Care for the Elderly (PACE) organization in the country, InnovAge is bullish on its ability to do just that, thanks to both internal confidence and also external, regulatory tailwinds.
“We continue to see positive federal and state legislative activity at levels we have not seen in recent memory,” InnovAge CEO Maureen Hewitt said on the company’s Q4 earnings call Tuesday. “This is a very encouraging sign for PACE, as interest in the program is at an all-time high.”
Based in Denver, InnovAge has about 1,800 employees, 1,200 of which are of the clinical variety....
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