Manages integrated senior care through PACE (Program of All-Inclusive Care for the Elderly), bundling medical, therapy, transportation, and daily services so elderly participants can age at home instead of facilities.
Revenue USD 0.85B (FY2025); gross margin 68.50% but operating margin -3.49% and net margin -3.55%. Recent quarters show operating profitability emerging (Q3 FY2026: 9.04% operating margin) but net income remains volatile and often negative.
PACE is a regulated Medicare/Medicaid capitated model with high switching costs—participants and payers are locked into integrated care networks. However, Humana and Aetna are expanding PACE offerings, and regulatory reimbursement pressure is squeezing margins
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Innovage Holding Corp. ($INNV) received a sector upgrade from KeyBanc, but also a downgrade from an unspecified analyst, indicating mixed sentiment.
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🟢 UPGRADES • $TAYD: Upgraded Hold → Buy by Freedom Broker; PT raised to $70 from $67 • $INNV: Upgraded Sector Weight → Overweight by KeyBanc; PT $13 • $PSN: Upgraded Neutral → Outperform by Baird; PT raised to $57 from $48 • $TX: Upgraded Equalweight → Overweight by Morgan Stanle
Upgrades 8/21: $EFX $INNV $MPL $NKTR $OI $POR $PSN $RFIL $STOK $TIC $TX . Downgrades 8/21: $BWMN $FRO $GGB $DOW $DV $HCAT $INNV $LMB $TEF $TER $TX $WB
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