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OFFON

INNOVAGE HOLDING CORP.

(INNV)
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The Law Offices of Frank R. Cruz : Continues Investigation of InnovAge Holding Corp. (INNV) on Behalf of Investors

09/25/2021 | 12:16pm EDT

The Law Offices of Frank R. Cruz continues its investigation of InnovAge Holding Corp. (“InnovAge” or the “Company”) (NASDAQ: INNV) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On September 21, 2021, after the market closed, InnovAge revealed that the Centers for Medicare and Medicaid Services (“CMS”) had “determined to freeze new enrollments at [the Company’s] Sacramento center based on deficiencies detected in [a recent] audit.” The Company stated that these “deficiencies relate to failures to provide covered services, provide accessible and adequate services, manage participants’ medical situations, and oversee use of specialists, among others.”

On this news, the Company’s stock price fell $2.90, or nearly 25%, to close at $8.75 per share on September 22, 2021, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased InnovAge securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


ę Business Wire 2021
All news about INNOVAGE HOLDING CORP.
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10/20INNOVAGE : ROSEN, A LONGSTANDING LAW FIRM, Encourages InnovAge Holding Corp. Investors wit..
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10/20SHAREHOLDER ACTION NOTICE : The Schall Law Firm Announces the Filing of a Class Action Law..
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10/20INNOVAGE : HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages InnovAge Holding (INNV) Inv..
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10/19INNOVAGE ALERT : Bragar Eagel & Squire, P.C. is Investigating InnovAge Holding Corp. on Be..
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10/19INVESTOR ALERT : Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Bee..
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More news
Analyst Recommendations on INNOVAGE HOLDING CORP.
More recommendations
Financials (USD)
Sales 2022 711 M - -
Net income 2022 28,0 M - -
Net cash 2022 656 M - -
P/E ratio 2022 30,7x
Yield 2022 -
Capitalization 852 M 852 M -
EV / Sales 2022 0,28x
EV / Sales 2023 0,21x
Nbr of Employees 1 800
Free-Float 14,0%
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Technical analysis trends INNOVAGE HOLDING CORP.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 6,29 $
Average target price 17,00 $
Spread / Average Target 170%
EPS Revisions
Managers and Directors
Maureen Hewitt President, Chief Executive Officer & Director
Barbara K. Gutierrez Chief Financial Officer
Melissa Welch Chief Medical Officer
Alice Raia Chief Information Officer
Alvin Smith Chief Information Security Officer
Sector and Competitors