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New
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InnovAge (INNV) Expands PACE Footprint and Revenue Growth Is Its Elder Care Strategy Taking Shape?
InnovAge (INNV) recently reported 14.7% revenue growth and swung to a net income of US$10.6 million in Q2, with raised full-year 2026 revenue guidance. The company is expanding its PACE footprint to serve the growing elder care market, but analysts remain cautious about valuation due to rising care costs, regulatory exposure, and losses from new centers. Despite these concerns, the expanding network and improved profitability suggest an evolving investment narrative for InnovAge.