InnovAge Announces Acquisition of ConcertoCare’s PACE Programs

DENVER—InnovAge Holding Corp. (InnovAge) (Nasdaq: INNV), a provider of health care programs to predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), completed its acquisition of two PACE programs in California from ConcertoCare. ConcertoCare, a tech-enabled, value-based provider of at-home, comprehensive care for seniors and other adults with unmet health and social needs, operated one PACE program in the Crenshaw neighborhood of Los Angeles and had a second program under development in Bakersfield as part of its ConcertoPACE service line.