InnovAge Appoints Michael Scarbrough as New President and Chief Operating Officer and Maria Lozzano as President, Pharmacy Services

Core Viewpoint - InnovAge Holding Corp. has appointed Michael Scarbrough as the new President and Chief Operating Officer, and Maria Lozzano as President of Pharmacy Services, effective November 4, 2024, to enhance its leadership and strategic execution [1][2]. Leadership Changes - Michael Scarbrough joins InnovAge's executive team following Christine Bent's departure from the COO role to pursue new opportunities [2] - The separation of the President and CEO roles aims to better facilitate the execution of the company's strategic priorities [2] - Maria Lozzano has been promoted to President of Pharmacy Services, previously serving as Senior Vice President and Chief Business Development Operations Officer [4] Executive Backgrounds - Michael Scarbrough brings over 30 years of healthcare experience, including leadership roles at Optum at Home and Prospero Health, focusing on Medicaid populations and care delivery models [3] - Scarbrough's experience includes managing services for 800,000 Medicare Advantage D-SNP members and co-founding a company that provided home-based advanced care [3] - Maria Lozzano has nearly eight years of experience at InnovAge and previously held leadership positions at VNA of California and Premier Infusion Care [4][5] Company Overview - InnovAge is a leader in managing care for dual-eligible seniors through the PACE program, aiming to improve care quality while reducing high-cost care utilization [5] - As of June 30, 2024, InnovAge served approximately 7,020 participants across 20 centers in six states [5]