If you missed it, InnovAge finally settled with investors over hiding info about the healthcare centers' true conditions after its IPO a few years ago.
Quick recap: Back in 2021, $INNV went public, promoting its innovative and high-quality model of coordinated care for frail seniors. They provided their services through the Program of All-Inclusive Care for the Elderly (PACE), which Medicare and Medicaid primarily fund.
But later that year, the company was accused by federal agencies of serious care and staffing issues at most key facilities. Enrollment at major centers was suspended after that, and $INNV dropped over 78%.
Soon, shareholders filed a lawsuit against InnovAge for hiding key issues during its IPO.
Now, more than 3 years later, InnovAge decided to settle and pay investors for their losses. So, if you got hit by this, you can check if you’re eligible for payment.
Anyways, did anyone here buy $INNV back then? How much were your losses if so?