InnovAge Holding Corp.

InnovAge is a healthcare delivery platform that provides all-inclusive, capitated care to high-cost seniors, many of whom are dual-eligible. The company focuses on improving the quality of care for participants, keeping them in their homes as long as safely possible, and reducing the use of high-cost care settings like hospitals and nursing homes. Through its Program of All-Inclusive Care for the Elderly ("PACE"), InnovAge offers a range of medical and ancillary services. These include in-home care services (skilled, unskilled, and personal care), and in-center services such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities. The company also provides transportation to and from PACE centers and third-party medical appointments, along with care management. InnovAge directly contracts with government payors, including Medicare and Medicaid, without relying on third-party administrative organizations or health plans. InnovAge Holding Corp. and certain wholly owned subsidiaries were formed as for-profit corporations on May 13, 2016, to acquire Total Community Options, Inc. d/b/a InnovAge, which was formed in May 2007. Total Community Options, Inc. and some of its subsidiaries converted from not-for-profit to for-profit organizations during this purchase. In March 2021, with its initial public offering, the company changed its name from TCO Group Holdings, Inc. to InnovAge Holding Corp.