InnovAge Holding Corp.

General Information
Business:

We are the leading healthcare delivery platform by number of participants focused on providing all-inclusive, capitated care to high-cost, dual-eligible seniors – people age 55+ who are eligible for both Medicare and Medicaid.  We directly address two of the most pressing challenges facing the U.S. healthcare industry: rising costs and poor outcomes. Our patient-centered care delivery approach meaningfully improves the quality of care our participants receive, while keeping them in their homes for as long as safely possible and reducing over-utilization of high-cost care settings such as hospitals and nursing homes. Our patient-centered approach is led by our interdisciplinary care teams (primary care physicians, social workers and other experts) who design, manage and coordinate each participant’s personalized care plan. We directly contract with government payors, such as Medicare and Medicaid, and do not rely on third-party administrative organizations or health plans. We deliver our patient-centered care through the InnovAge Platform, which consists of (1) our Interdisciplinary Care Teams (“IDTs”) and (2) our community-based care delivery model. Our model is designed to generate savings for federal and state governments compared to the nursing home alternative. 

(Note: InnovAge Holding priced its IPO on March 3, 2021, at $21 – the top of its newly increased range – on 16.67 million shares to raise $350.07 million. The company raised its price range to $20 to $21, up from $17 to $19 initially, and kept the number of shares at 16.67 million in an S-1/A filing early on March 3, 2021, when the IPO was scheduled to price after the market’s close.)
Industry: Services - Health Services
Employees:
Founded: 2016
Contact Information
Address 8950 E. Lowry Boulevard Denver, CO 80230
Phone Number (844) 803-8745
Web Address http://www.InnovAge.com/
View Prospectus: InnovAge Holding Corp.
Financial Information
Market Cap $2730.4mil
Revenues $309.88 mil (last 12 months)
Net Income $-20.22 mil (last 12 months)
IPO Profile
Symbol INNV
Exchange NASDAQ
Shares (millions): 16.7
Price range $21.00 - $21.00
Est. $ Volume $350.1 mil
Manager / Joint Managers J.P. Morgan /Barclays/Goldman Sachs/Citigroup
CO-Managers Baird/William Blair/Piper Sandler/Capital One Securities/Loop Capital Markets/Siebert Williams Shank/Roberts & Ryan
Expected To Trade: 3/4/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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