InnovAge Holding Corp. (“InnovAge” or the “Company”) (NASDAQ:INNV), an industry leader in providing comprehensive healthcare programs to frail, predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced the launch of an underwritten public offering of its common stock by investment funds affiliated with Apax Partners and Welsh, Carson, Anderson & Stowe (together, the “Selling Stockholders”). The Selling Stockholders are offering 10,000,000 shares of InnovAge’s common stock pursuant to a registration statement on Form S-3 (the “Registration Statement”) filed with the Securities and Exchange Commission (the “SEC”). The Selling Stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of InnovAge’s common stock at the public offering price, less underwriting discounts and commissions.

InnovAge is not offering any shares of common stock in this offering and will not receive any proceeds from the sale of shares by the Selling Stockholders, but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions.

Barclays, Goldman Sachs & Co. LLC and Wells Fargo Securities are acting as joint book-running managers and representatives of the underwriters for the proposed offering.