MARKET COMPOSITE
INNV - InnovAge Holding Corp1:30:01 PM 4/16/2024
Price
$4.05
-0.09 (-2.17%)
InnovAge is a market leader in managing the care of high-cost, dual-eligible seniors. Its mission is to enable seniors to age independently in their own homes for as long as possible. Its patient-centered care model meaningfully improves the quality of care its participants receive, while reducing over-utilization of high-cost care settings. InnovAge is at the forefront of value based senior healthcare and directly contracts with government payors, such as Medicare and Medicaid, to manage the totality of a participant’s medical care. InnovAge believes its healthcare model is one in which all constituencies — participants, their families, providers and government payors—"Win." InnovAge currently serves approximately 6,600 participants across 17 centers in five states.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue188.9MM+4%
Operating Income-1.8MM-83%
Operating Expenses190.7MM-
Net Income-3.4MM-67%
G&A25.2MM-13%
Marketing5.9MM+9%
Interest Expense935K+41%
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