InnovAge Holding Corp Overview
Industry: Medical Care Facilities
Sector: Healthcare
InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. The company offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management. As of June 30, 2022, it served approximately 6,650 PACE participants in the United States; and operates 18 PACE centers in Colorado, California, New Mexico, Pennsylvania, and Virginia. The company was formerly known as TCO Group Holdings, Inc. and changed its name to InnovAge Holding Corp. in January 2021. InnovAge Holding Corp. was founded in 2007 and is headquartered in Denver, Colorado. InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. The company offers in-hom Read MoreInnovAge Holding Corp is evaluated based on the investment philosophy and approach to stock market investing developed by renowned investor Warren Buffett. Companies with high ratings typically exhibit growing earnings, a substantial profit margin, conservative leverage, a consistently high return on equity, and a sustained practice of repurchasing their shares over the years.
InnovAge Holding Corp
Score
Recent News
Earnings Per Share
Score 2.00/5
InnovAge Holding Corp earns a low score, as its Earnings Per Share (EPS) has not shown continuous growth over the last six years. Notable counterparts in the sector with high scores includes
Zoetis Inc
IQVIA Holdings Inc
Agilent Technologies Inc
In
Medical Care Facilities industry
, Universal Health Services Inc
, Universal Health Services, Inc.
, DaVita HealthCare Partners Inc
are companies with high ratings.
Return on Equity
Score 3.30/5
InnovAge Holding Corp stands out with a superior score in the Return on Equity (ROE) section, surpassing the sector median value and showcasing its strong performance in this metric. The top companies in the same sector include
Zoetis Inc
IQVIA Holdings Inc
Agilent Technologies Inc
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, Universal Health Services Inc
, Universal Health Services, Inc.
, DaVita HealthCare Partners Inc
are companies with high ratings.
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Net Margin
Score 3.50/5
InnovAge Holding Corp
commands a high score, propelled by its net margin consistently outpacing the sector median value and exhibiting continuous growth in recent six years; noteworthy counterparts in the sector, boasting similarly high scores, include
Zoetis Inc
IQVIA Holdings Inc
Agilent Technologies Inc
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, Universal Health Services Inc
, Universal Health Services, Inc.
, DaVita HealthCare Partners Inc
are companies with high ratings.
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Leverage
Score 2.00/5
InnovAge Holding Corp
registers a lower score in the category as a result of its elevated leverage ratio over the past six years compared to the sector median value. Conversely, other companies in the same sector, including
Zoetis Inc
IQVIA Holdings Inc
Agilent Technologies Inc
have achieved high scores.
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In
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, Universal Health Services Inc
, Universal Health Services, Inc.
, DaVita HealthCare Partners Inc
are companies with high ratings.
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