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.)
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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 and Ryan |
Expected To Trade: | 3/4/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |