InnovAge Holding CorpINNV
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Company issues strong fiscal 2027 guidance with revenue and EBITDA growth, and reports improved fiscal 2026 results.
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Aging Population
InnovAge Holding CorpInnovAge Holding Corp. issued fiscal 2027 guidance for revenue of approximately $1.05 billion to $1.085 billion and adjusted EBITDA of $105 million to $115 million, targeting ending census growth of 5% to 7.5%. The company reported fiscal 2026 revenue of $989.7 million, up 15.9%, and adjusted EBITDA of $94.6 million, compared to $34.5 million in fiscal 2025. CEO Patrick Blair introduced an "InnovAge 3.0" strategy focusing on scaling the PACE platform, including investments in technology and AI, and evaluating de novo markets, M&A, and partnerships. CFO Benjamin Adams noted that California and Colorado, which represent approximately 70% of census, have unresolved rate-setting processes, and the company expects Medicare rates to increase about 1.5% to 2% in fiscal 2027. InnovAge also reported fiscal 2026 net loss of $0.7 million, improved from a net loss of $35.3 million in fiscal 2025.
InnovAge Holding CorpCompany issues strong fiscal 2027 guidance with revenue and EBITDA growth, and reports improved fiscal 2026 results.