Innovage Holding Corp (INNV)

They are the leading healthcare delivery platform by number of participants focused on providing all-inclusive, capitated care to high-cost, dual-eligible seniors. They directly address two of the most pressing challenges facing the U.S. healthcare industry: rising costs and poor outcomes. Their patient-centered care delivery approach meaningfully improves the quality of care their 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. Their patient-centered approach is led by their interdisciplinary care teams, who design, manage and coordinate each participant’s personalized care plan. They directly manage and are responsible for all healthcare needs and associated costs for their participants. They directly contract with government payors, such as Medicare and Medicaid, and do not rely on third-party administrative organizations or health plans. They believe their 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.

Industry
Services - Health Services

CEO	CFO
Maureen Hewitt	Barbara Gutierrez

Maureen Hewitt has served as our President and Chief Executive Officer since 2006 and was appointed to serve on our Board in 2020. Previously, Ms. Hewitt led for-profit and nonprofit healthcare organizations for 25 years, including companies such as Total Community Options, Inc. Summit Healthcare, Ocadian and Episcopal Homes, which focused on post-acute care, acute care, long-term care, and senior housing. Ms. Hewitt earned a Bachelor’s Degree from Western University and a Master’s Degree in Administration with an emphasis in healthcare administration and policy from Wayne State University. We believe Ms. Hewitt’s extensive experience in the area of healthcare and her insight into our business as our President and Chief Executive Officer will make her a valuable member of our Board.

Barbara Gutierrez has served as our Chief Financial Officer since 2017. Prior to joining InnovAge, Ms. Gutierrez was the Chief Financial Officer and Chief People Services Officer for Hero DVO, LLC, a healthcare practice management company. Previously, she held leadership roles at Strad Energy Services Ltd., including Senior Vice President of Corporate Services and Senior Vice President of Finance and Administration. Ms. Gutierrez has prior experience as Chief Financial Officer for the Jones Knowledge Group and for PhyCor of Denver. Ms. Gutierrez earned a Bachelor of Science in Accounting from the University of Denver, and she is a Certified Public Accountant.

Employees	Founded
1,910	2007

Address: 8950 E. Lowry Boulevard Denver, Co 80230

Telephone: (844) 803-8745

Web page: http://www.innovage.com

First Trade Date	3/4/2021
Status	Priced
Exchange	NASDAQ
Lockup Period Expiration	.Pro
Quiet Period Expiration	.Pro
Old Price Range	$17.00-$19.00

Share prices ($)

What do you think will happen with the INNV share price after the next 3-6 months? 🔥 (+ 10% or more, flat (+ -10%), -10% or less)

The lead left underwriter: JP Morgan

Over the last 12 months Since the beginning of the year

IPOs led by the firm	.Pro
Profitability of conducted IPOs  ?	.Pro
1st day change  ?	.Pro
Change for the first 3 months  ?	.Pro

IPOs led by the firm	.Pro
Profitability of conducted IPOs  ?	.Pro
1st day change  ?	.Pro
Change for the first 3 months  ?	.Pro

Underwriters
JP Morgan/ Barclays/ Goldman Sachs/ Citigroup
CO-Managers
Baird/ William Blair/ Piper Sandler/ Capital One Securities/ Loop Capital Markets/ Siebert Williams Shank/ Roberts & Ryan