INNV News & Events

InnovAge Holding, in partnership with LeadingAge Colorado, met with state lawmakers at the Colorado State Capitol to underscore the importance of protecting and strengthening care for Colorado's aging population, including through PACE. Seniors enrolled in InnovAge Colorado PACE met with several lawmakers to share firsthand how the program delivers comprehensive, person-centered care that allows older adults to remain living safely and independently in their homes and communities. Representatives from InnovAge's six Colorado PACE centers highlighted the program's proven outcomes, including lower hospitalization, emergency room use, and nursing home admissions, while also reducing caregiver burden. "When lawmakers hear directly from the seniors we serve, they gain a real understanding of how PACE supports independence, dignity, and quality of life," said Linda Whyte, InnovAge Colorado PACE Area Center Director. "These conversations are essential as policy and budget decisions are made."

Reports Q2 revenue $239.7M vs. $209M last year. The company noted that revenue growth was driven by an increase in census to approximately 8,010 participants compared to 7,480 in the prior year period. Center-level contribution margin improved to 22.0% from 17.7% year-over-year. "InnovAge delivered strong operating and financial results this quarter, reflecting continued progress in building a scalable, high-quality PACE platform," said CEO Patrick Blair.

Consensus $930.35M. The company also raised its adjusted EBITDA guidance to a range of $70M-$75M. "We remain focused on sustainable growth, close partnership with regulators, and long-term value for participants, payors, and shareholders," said CEO Patrick Blair.