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InnovAge Holding Priced, Nasdaq: INNV

Provides value-based care to high-cost dual-eligible seniors through PACE.

Industry: Health Care

Latest Trade: $7.21 +0.01 (+0.1%)

First Day Return: +15.2%

Return from IPO: -65.7%

Industry: Health Care

We are the leading healthcare delivery platform by number of participants focused on providing all-inclusive, capitated care to high-cost, dual-eligible seniors. 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, who design, manage and coordinate each participant’s personalized care plan. We directly manage and are responsible for all healthcare needs and associated costs for our participants. We directly contract with government payors, such as Medicare and Medicaid, and do not rely on third-party administrative organizations or health plans. We believe our model aligns with how healthcare is evolving, namely (1) the shift toward value-based care, in which coordinated, outcomes-driven, high-quality care is delivered while reducing unnecessary spend, (2) eliminating excessive administrative costs by contracting directly with the government, (3) focusing on the patient experience and (4) addressing social determinants of health.
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IPO News for InnovAge Holding
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IPO Data
IPO File Date 02/08/2021
Offer Price $21.00
Price Range $20.00 - $21.00
Offer Shares (mm) 16.7
Deal Size ($mm) $350
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/03/2021
Offer Price $21.00
Price Range $20.00 - $21.00
Offer Shares (mm) 16.7
Deal Size ($mm) $350
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Denver, CO
Founded 2007
Employees 1,910
Website www.innovage.com