regulatory
confidence high
sentiment negative
materiality 0.65
CMS denies InnovAge's application for Terre Haute PACE center
InnovAge Holding Corp.
- CMS denial based on deficiencies from 2021 audits of Sacramento and Colorado PACE programs.
- Projected center opening in FY 2024 now blocked; company evaluating options.
- Innovage remains committed to Indiana but cannot guarantee outcome of review process.