InnovAge Strengthens Board with Appointment of New Independent Director
August 14 2023 - 8:00AM
InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), an industry
leader in providing comprehensive healthcare programs to frail
dual-eligible seniors through the Program of All-inclusive Care for
the Elderly (PACE), today announced the appointment of Teresa
Sparks to its Board of Directors, effective immediately.
Sparks joins InnovAge’s Board as Sean Traynor of
Welsh, Carson, Anderson & Stowe steps down. The InnovAge team
and Board thank Mr. Traynor for his service.
“Teresa’s diverse experience across multiple
sectors, including in financial services, life sciences, specialty
pharmacy, healthcare services, and technology, is a huge asset and
complement to our Board,” said Chairman Jim Carlson. “We are
thrilled to have her on our team.”
“We are excited to welcome Teresa to the InnovAge
Board,” said Patrick Blair, President and CEO. “Teresa has spent
decades working with large public and private companies that
operate in highly regulated, healthcare-focused industries. We
believe her experience will be incredibly valuable to our mission
and goals as an organization.”
“InnovAge has the most incredible mission serving,
supporting, and empowering the most vulnerable seniors in
communities around country,” said Sparks. “I am eager to bring a
culmination of my life’s work and experience to the table and proud
to join this dedicated team, committed to serving people who truly
need our help.”
Sparks serves on the Board of ATI Physical Therapy,
providing research-based rehabilitation services and Harrow Health,
engaged in the development of ophthalmic pharmaceutical products.
She also serves as a board member and advisor to privately held,
innovative healthcare companies; including Valtruis with a focus on
advancing value-based care.
She previously served as the Executive Vice
President and Chief Financial Officer for Envision, a leading
provider of physician-led and post-acute care services, where she
helped transform and modernize the company’s infrastructure. Prior
to Envision, she was the interim Chief Financial Officer at
Brookdale Senior Living, and prior to that, she served as Executive
Vice President and Chief Financial Officer of Surgery Partners,
which acquired Symbion where she served in various positions,
including Senior Vice President and Chief Financial Officer. Sparks
began her career as an auditor at Deloitte.
About InnovAgeInnovAge is a market
leader in managing the care of high-cost, dual-eligible seniors
through the Program of All-inclusive Care for the Elderly (PACE).
With a mission of enabling older adults to age independently in
their own homes for as long as safely possible, InnovAge’s
patient-centered care model is designed to improve the quality of
care its participants receive while reducing over-utilization of
high-cost care settings. InnovAge believes its PACE healthcare
model is one in which all constituencies — participants, their
families, providers, and government payors — “win.” As of March 31,
2023, InnovAge served approximately 6,310 participants across 17
centers in five states. https://www.innovage.com/.
Investor Contact:
Ryan Kubotarkubota@innovage.com
Media Contact:
Lara Hazenfieldlhazenfield@innovage.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4f9a23f8-3c4c-4455-8228-298182ea0225
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