InnovAge (NasdaqGS:INNV) Q4 2025 Earnings Call September 09, 2025 05:00 PM ET Company ParticipantsPatrick Blair - CEORyan Kubota - Host and Director of Investor RelationsBen Adams - CFOMichael - President and COOConference Call ParticipantsJared Haase - AnalystMatthew Gilmore - AnalystJamie Perse - AnalystOperatorThank you for standing by and welcome to the InnovAge Quarter 2025 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be ...

东营破题"中度老龄化"挑战，制度创新引导47万老人释放消费需求 激活银发消费 托起幸福晚年 截至2023年底，东营60岁及以上老年人口47.42万人，老龄化率23.95%，较全国平均水平高出2个百 分点，已步入中度老龄化社会。这座人均GDP、人均可支配收入均居全省前列的城市，庞大的老年群体 背后，正孕育着一片广阔的银发消费"蓝海"。 山东作为全国养老服务消费补贴三个省级试点之一，在今年8月初启动全省养老消费补贴活动，东 营表现如何？今年6月，东营承办全省居家适老化改造集中宣传月启动仪式，发布适老化改造补贴政 策，效果又如何？ 在这片银发消费"蓝海"，记者一探东营作为。 政策布局 多维扶持点燃养老消费引擎 5000多元的助听器使用补贴后，只花了3000多元。"没想到换个助听器还能领政府补贴，这政策太 实在了！"近日，提起购买助听器的经历，东营区文汇街道牛庆元老人高兴不已。 补贴政策的刺激为商家带来了销量，智能辅助器具销售商陈建林喜笑颜开，"为了更好拉动销售， 除了政府补贴外，我们对高端款产品也推出了折扣，每单一共能为老人省下七八千块。" 自7月起，东营市启动2025年消费品以旧换新居家适老化改造补贴活动，将地面 ...

Company Overview - Alignment Healthcare, Inc. is focused on providing high-quality, low-cost care for its Medicare Advantage members, emphasizing a mission-driven approach to senior care [2] - The company utilizes a customized care model, a 24/7 concierge care team, and proprietary technology named AVA to deliver coordinated care [2] Upcoming Events - Alignment Healthcare will present at the Morgan Stanley 23rd Annual Global Healthcare Conference on September 9, 2025, at 8:30 a.m. EDT [3] - The company will also participate in the Baird 2025 Global Healthcare Conference on September 10, 2025, at 12:15 p.m. EDT [3] Corporate Values - Alignment Healthcare prioritizes its core values of serving with a heart and putting seniors first as it expands its national footprint [2]

Core Insights - InnovAge Holding Corp. will release its 2025 fiscal fourth quarter and full year financial results on September 9, 2025, after market close [1] - A conference call to review the results will be held at 5 p.m. E.T. on the same day [1] Company Overview - InnovAge is a leader in managing care for high-cost, frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE) [3] - The company's mission is to enable older adults to age independently in their homes for as long as safely possible [3] - As of March 31, 2025, InnovAge served approximately 7,530 participants across 20 centers in six states [3]

Core Viewpoint - InnovAge Holding Corp. has announced a joint venture with Tampa General Hospital to enhance community-based care options for seniors in the Tampa Bay area, focusing on improving access to quality care for clinically frail and underserved seniors [1][2]. Company Overview - InnovAge is a leader in senior care through the Program of All-Inclusive Care for the Elderly (PACE), aiming to help seniors live independently at home while receiving necessary healthcare and support [1][5]. - As of March 31, 2025, InnovAge served approximately 7,530 participants across 20 centers in six states [6]. Joint Venture Details - The joint venture aims to expand innovative community-based care options and improve access to quality care for seniors in Hillsborough, Pasco, and Hernando counties [2]. - The InnovAge Florida PACE center in Tampa has a 35,000-square-foot facility capable of serving around 1,300 seniors, offering a range of services including primary and specialty medical care, dental services, rehabilitation therapies, and social activities [4]. Tampa General Hospital Overview - Tampa General Hospital is recognized as the 1 hospital in the Tampa Bay region for the 10th consecutive year and is noted for its excellence in geriatrics [3]. - The hospital is a not-for-profit academic health system with 1,529 beds and is the only center for Level 1 trauma and comprehensive burn care in the region [7]. - In fiscal year 2023, Tampa General provided a net community benefit of approximately $301.8 million, supporting underinsured patients and community health organizations [8].

Core Points - Extendicare Inc. declared a cash dividend of C$0.042 per common share for July 2025, payable on August 15, 2025, to shareholders of record on July 31, 2025 [1] - The dividend is classified as an "eligible dividend" under the Income Tax Act (Canada) [1] Company Overview - Extendicare is a leading provider of care and services for seniors in Canada, operating under various brands including Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network [2] - The company operates 99 long-term care homes, with 59 owned and 40 under management contracts [2] - Extendicare delivers approximately 11.2 million hours of home health care services annually and provides group purchasing services for about 148,200 beds across Canada [2] - The company employs around 26,500 qualified and dedicated team members focused on high-quality care [2]

Group 1 - Alignment Healthcare, Inc. will release its second quarter 2025 financial results on July 30, after market close [1] - A conference call to review the financial results will be held at 5 p.m. EDT on the same day [1] - A live audio webcast of the conference call will be available online, with a replay accessible for approximately 12 months [2] Group 2 - Alignment Health focuses on empowering seniors to age well and live vibrant lives through high-quality, low-cost care [3] - The company partners with trusted local providers to deliver coordinated care, utilizing a customized care model and a 24/7 concierge care team [3] - Alignment Health is based in California and is committed to its core values of serving seniors first as it expands its national footprint [3]

Group 1 - The average life expectancy in China has reached 79.5 years as of 2024, showing a steady increase from 74.8 years in 2010 and 77.9 years in 2020 [2] - China's life expectancy growth rate surpasses that of some developed countries, with projections indicating that by 2044, China's life expectancy may slightly exceed that of the United States [2] - The aging population in China is increasing, with 21.1% of the population aged 60 and above by the end of 2023, and the proportion of those aged 65 and above rising to 15.6% in 2024 [2] Group 2 - Global aging is a widespread trend, with the highest aging rates in ten countries or regions exceeding 20%, and Hong Kong projected to surpass 40% by 2050 [4] - The increase in the elderly population impacts various sectors, including labor supply, economic growth, and social security systems, leading to higher demands for healthcare and pension systems [6] Group 3 - The demand for elderly care services in China is expected to rise significantly, with the number of elderly individuals requiring home care services projected to increase from approximately 40.33 million in 2020 to around 76 million by 2050 [8] - Various companies are actively engaging in the elderly care industry, with technology firms like Xiaomi and Huawei focusing on health monitoring devices and smart products for the elderly [9][10] Group 4 - Recommendations for addressing the challenges of rapid aging include transitioning the pension system from a pay-as-you-go model to a pre-funded investment model, as suggested by experts [12]

Core Viewpoint - Clariane has successfully completed a bond issuance of 400 million euros, aimed at strengthening its financial structure and extending the average maturity of its debt with a 7.875% annual coupon [1][3]. Group 1: Bond Issuance Details - The bond issue totaled 400 million euros and is set to mature in 5 years on June 27, 2030 [1]. - The issuance attracted significant interest, with an order book exceeding 1.2 billion euros, indicating an oversubscription rate of more than 3 times [2]. - The net proceeds from the bond will be used to refinance existing debt, including the redemption of OCEANE [4]. Group 2: Financial Strategy and Impact - Clariane's bond issuance is part of a broader strategy to strengthen its financial structure, which was initiated on November 14, 2023, with a target of 1.5 billion euros [3]. - The successful bond issuance demonstrates investor support for Clariane's strategy to reduce debt and enhance its balance sheet [3]. - The bonds will be applied for trading on the Global Exchange Market of Euronext Dublin, with settlement expected on June 27, 2025 [4]. Group 3: Company Overview - Clariane operates in six countries and is a leading European community of care, providing services to nearly 900,000 patients and residents [10][11]. - The company has a diverse range of services, including care homes, healthcare facilities, and alternative living solutions [11]. - Clariane became a purpose-driven company in June 2023, emphasizing its commitment to care during times of vulnerability [12].

Core Insights - InnovAge sponsors the PBS documentary "Caregiving," which highlights the challenges faced by caregivers in America, featuring Bradley Cooper and narrated by Uzo Aduba [1][2] - The documentary aims to raise national awareness about the caregiving crisis, showcasing stories of families dealing with funding cuts, policy changes, and workforce issues [2] - InnovAge's mission focuses on supporting seniors and their caregivers through its PACE model, allowing older adults to age independently at home while providing dignity and autonomy [3] Company Overview - InnovAge is the largest provider of the Program of All-Inclusive Care for the Elderly (PACE) in the U.S., serving approximately 7,530 participants across 20 centers in six states as of March 31, 2025 [3] - The company aims to improve the quality of care for high-cost, frail seniors while reducing the over-utilization of expensive care settings [3] - InnovAge's person-centered care model is designed to benefit all stakeholders, including participants, families, providers, and government payors [3]