InnovAge Holding Corp., also known as InnovAge, is a healthcare company that specializes in providing comprehensive, person-centered care to seniors. The company was founded in 2001 and is based in Denver, Colorado. InnovAge operates as a Program of All-Inclusive Care for the Elderly (PACE), offering a unique model of care that integrates medical, social, and long-term support services for seniors who are eligible for nursing home care but prefer to remain in their homes.
The primary goal of InnovAge is to enhance the quality of life for seniors and enable them to age in place. The company provides a range of services, including primary medical care, nursing care, rehabilitation therapies, social services, and support for activities of daily living. InnovAge's interdisciplinary care teams work closely with participants and their families to develop personalized care plans that address their specific needs and preferences.
After more than a decade of successful operation, InnovAge went public on February 12, 2021, through a merger with a special purpose acquisition company (SPAC) named Capitol Investment Corp. V. This merger allowed InnovAge to access additional capital and expand its services to reach more seniors in need of specialized care.
As a publicly traded company, InnovAge continues to focus on its mission of providing high-quality and compassionate care to seniors. The company operates PACE centers in multiple states across the United States and collaborates with healthcare professionals, community organizations, and government agencies to deliver coordinated and integrated care to its participants.