InnovAge, National PACE Association Applaud ‘PACE Plus Act’

The scene is set for a possible expansion to Programs of All-Inclusive Care for the Elderly (PACE) in the U.S. Sen. Bob Casey, a Democrat from Pennsylvania and chairman of the Senate Special Committee on Aging, on Thursday introduced the “PACE Plus Act,” a bill that aims to expand access to PACE across the country. […]

PACE Providers Shift Services Toward the Home Amid Nation’s Long-Term Care Overhaul

The COVID-19 pandemic has revealed a dire need to rethink how and where Americans age, most long-term care experts agree. Investing in small-home senior living and “nursing homes without walls” are among the several innovative ideas that have been floated over the past year. Alternatively, some aging services stakeholders have simply called for a sweeping […]

‘We’re a Strong Alternative to Nursing Homes’: PACE Giant InnovAge Executes $350M IPO

InnovAge (Nasdaq: INNV), a Program of All-Inclusive Care for Elderly (PACE) provider, officially went public Thursday. Denver-based InnovAge offers one of the largest PACE programs in the U.S. The company has about 1,900 employees and serves 6,600 seniors in Colorado, New Mexico, California, Pennsylvania and Virginia. In addition to its PACE offerings, InnovAge owns two […]

Apax Partners Reportedly Acquiring Stake in WCAS’s InnovAge

The largest Program of All-Inclusive Care for the Elderly (PACE) provider in the United States is reportedly getting another major investor. On Friday, reports surfaced that London-based private equity firm Apax Partners plans to buy a stake in InnovAge from fellow PE giant Welsh, Carson, Anderson & Stowe (WCAS). Apax Partners’ deal for a piece […]

InnovAge President Maureen Hewitt: PACE Model Uniquely Positioned to Respond to Coronavirus Crisis

In one of the latest sets of COVID-19 directions for Medicare providers, the U.S. Centers for Medicare & Medicaid Services (CMS) unveiled updated guidelines for all Programs of All-Inclusive Care for the Elderly (PACE) organizations on Tuesday. Broadly, CMS’s guidelines cover standard procedures for infection control and prevention for COVID-19, also known as the coronavirus. […]

West Health Leveraging PACE Model to Disrupt Senior Care

When it comes to health care delivered in the home, many see hospital-at-home models as the next big, innovative concept to hit a boom period. But investors and other stakeholders interested in home- and community-based care shouldn’t sleep on PACE programs, either. That includes in-home care providers. PACE — or Programs of All-Inclusive Care for […]

M&A and Financing Newsflash: Home Health Foundation Joins Wellforce, Bayada’s New Partnership

Waltonwood Lake Boone Partnering With Bayada Home Health Care Bayada Home Health Care is partnering with Waltonwood Lake Boone to provide additional resources to the senior living community’s residents and staff. Waltonwood Lake Boone is a senior living community based in Raleigh, North Carolina. Bayada Home Health Care is a Moorestown, New Jersey-based home care […]

NY Times: PACE Changes Worry Critics

As more private equity moves into a Medicare program designed to help American seniors age in place, worries are mounting among critics who believe the work should be left exclusively to non-profits using government funds, The New York Times reported. The program in question is the Program of All-Inclusive Care for the Elderly (PACE), a federal […]

Business Briefs: InnovAge’s For-Profit Conversion

InnovAge Converts to For-Profit to Fund The NextFifty Initiative InnovAge, a Denver, Colorado-based provider of in-home care services, affordable senior housing and other health care and day programs, has finalized an agreement with private equity firm Welsh, Carson, Anderson & Stowe (WCAS) to expand its services and convert from a non-profit entity to a for-profit. […]

Editor’s Picks: Beyond Readmissions

This week, our readers were keen on how home health house calls can reduce hospital admissions and care costs. They also wanted to know why one health network is looking beyond hospital readmission rates to form its home health partnerships. Here in the newsroom, we took notice of InnovAge’s decision to transition from a non-profit […]