InnovAge Florida PACE 鈥� Tampa and Tampa General Hospital Form Joint Venture to Elevate PACE Services in Tampa
InnovAge (NASDAQ: INNV), a leader in the Program of All-inclusive Care for the Elderly (PACE), has announced a strategic joint venture with Tampa General Hospital (TGH) for its Tampa, Florida center. The 35,000-square-foot facility, capable of serving approximately 1,300 seniors, will provide comprehensive care services across Hillsborough, Pasco, and Hernando counties.
The partnership combines InnovAge's PACE expertise with TGH's clinical excellence, ranked as the #1 hospital in Tampa Bay for 10 consecutive years and among the top 10% of U.S. hospitals in Geriatrics. The center offers integrated medical, dental, therapy, and social services, along with transportation and in-home support, primarily serving dual Medicare and Medicaid beneficiaries.
InnovAge (NASDAQ: INNV), leader nel Programma di Assistenza Tutto Incluso per Anziani (PACE), ha annunciato una joint venture strategica con Tampa General Hospital (TGH) per il suo centro di Tampa, Florida. La struttura di 3.250 metri quadrati, con una capacit脿 di circa 1.300 anziani, offrir脿 servizi di assistenza completi nelle contee di Hillsborough, Pasco e Hernando.
La partnership unisce l'esperienza di InnovAge nel PACE all'eccellenza clinica di TGH, riconosciuto come il primo ospedale nella Tampa Bay per 10 anni consecutivi e tra il 10% migliore degli ospedali statunitensi in Geriatria. Il centro fornir脿 servizi medici integrati, odontoiatrici, riabilitativi e sociali, oltre a trasporto e supporto domiciliare, rivolgendosi principalmente ai beneficiari con doppia copertura Medicare e Medicaid.
InnovAge (NASDAQ: INNV), l铆der en el Programa de Atenci贸n Integral para Personas Mayores (PACE), ha anunciado una empresa conjunta estrat茅gica con Tampa General Hospital (TGH) para su centro en Tampa, Florida. La instalaci贸n de 35.000 pies cuadrados, con capacidad para atender aproximadamente a 1.300 personas mayores, ofrecer谩 atenci贸n integral en los condados de Hillsborough, Pasco y Hernando.
La alianza combina la experiencia de InnovAge en PACE con la excelencia cl铆nica de TGH, reconocido como el hospital n煤mero 1 en Tampa Bay durante 10 a帽os consecutivos y entre el 10% superior de hospitales de EE. UU. en Geriatr铆a. El centro proporcionar谩 servicios m茅dicos integrados, odontolog铆a, terapia y prestaciones sociales, adem谩s de transporte y apoyo domiciliario, enfoc谩ndose principalmente en beneficiarios con cobertura dual de Medicare y Medicaid.
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InnovAge (NASDAQ: INNV), leader du Programme de soins globaux pour les personnes 芒g茅es (PACE), a annonc茅 une coentreprise strat茅gique avec Tampa General Hospital (TGH) pour son centre de Tampa, en Floride. L'茅tablissement de 35 000 pieds carr茅s, pouvant accueillir environ 1 300 personnes 芒g茅es, fournira des services de soins complets dans les comt茅s de Hillsborough, Pasco et Hernando.
Ce partenariat associe l'expertise d'InnovAge en PACE 脿 l'excellence clinique de TGH, class茅 h么pital n掳1 de Tampa Bay pendant 10 ann茅es cons茅cutives et parmi les 10 % des meilleurs h么pitaux am茅ricains en g茅riatrie. Le centre proposera des services m茅dicaux int茅gr茅s, dentaires, de r茅茅ducation et sociaux, ainsi que des transports et un soutien 脿 domicile, ciblant principalement les b茅n茅ficiaires b茅n茅ficiant 脿 la fois de Medicare et de Medicaid.
InnovAge (NASDAQ: INNV), ein f眉hrender Anbieter des Program of All-inclusive Care for the Elderly (PACE), hat ein strategisches Joint Venture mit dem Tampa General Hospital (TGH) f眉r sein Zentrum in Tampa, Florida, angek眉ndigt. Die 35.000 Quadratfu脽 gro脽e Einrichtung, die etwa 1.300 Senioren versorgen kann, wird umfassende Betreuungsleistungen in den Counties Hillsborough, Pasco und Hernando anbieten.
Die Partnerschaft vereint InnovAges PACE-Expertise mit der klinischen Exzellenz von TGH, das 10 Jahre in Folge als Nr. 1 Krankenhaus in Tampa Bay eingestuft wurde und zu den besten 10 % der US-Krankenh盲user im Bereich Geriatrie geh枚rt. Das Zentrum bietet integrierte medizinische, zahn盲rztliche, therapeutische und soziale Leistungen sowie Transport und h盲usliche Unterst眉tzung und richtet sich vorwiegend an Beg眉nstigte mit sowohl Medicare- als auch Medicaid-Leistungen.
- Partnership with Tampa's #1 ranked hospital enhances clinical capabilities and market presence
- Large 35,000-square-foot facility capacity to serve 1,300 seniors indicates significant growth potential
- Access to TGH's extensive healthcare network and specialized geriatric care expertise
- Expansion of service area across three counties (Hillsborough, Pasco, and Hernando)
- None.
Insights
InnovAge's joint venture with Tampa General Hospital expands PACE services reach and strengthens market position in Tampa Bay.
InnovAge (NASDAQ: INNV) has entered a strategic joint venture with Tampa General Hospital for its Tampa PACE center, creating a potentially significant opportunity to expand its Program of All-inclusive Care for the Elderly services across Hillsborough, Pasco, and Hernando counties. This partnership combines InnovAge's PACE expertise with Tampa General's strong regional reputation as the #1 hospital in Tampa Bay for ten consecutive years and its top 10% national ranking in Geriatrics.
The joint venture leverages complementary strengths: InnovAge's established PACE model that coordinates comprehensive services for seniors (medical, dental, therapy, social services, transportation, and in-home support) with Tampa General's clinical excellence and community standing. The Tampa facility itself is noteworthy with its 35,000-square-foot footprint capable of serving approximately 1,300 seniors 鈥� one of the largest PACE centers nationally.
This partnership creates strategic value beyond immediate care delivery. For InnovAge, which currently serves approximately 7,530 participants across 20 centers in six states, the joint venture with a prestigious healthcare system enhances institutional credibility and potentially accelerates enrollment growth. The alignment with Tampa General's existing geriatric excellence and "Age-Friendly Health System" designation creates operational synergies for serving vulnerable seniors.
The partnership reflects healthcare's increasing shift toward coordinated community-based care models that reduce costly institutionalization while improving quality of life. For dual-eligible seniors (Medicare and Medicaid), PACE programs like InnovAge's can deliver comprehensive services at reduced cost to government payers while keeping seniors in their homes 鈥� addressing both clinical and social determinants of health.
Two of the region鈥檚 leading organizations team up to elevate community-based care options for seniors across Tampa Bay.
TAMPA, Fla., Aug. 15, 2025 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (鈥淚nnovAge鈥�) (Nasdaq: INNV), a leader in senior care through the Program of All-inclusive Care for the Elderly (鈥淧ACE鈥�), is proud to announce a new joint venture of its Tampa, Florida center, located at 4520 Seedling Circle, Tampa, Florida 33614 with Tampa General Hospital (TGH).
This joint venture unites two mission-driven organizations dedicated to helping older adults in Hillsborough, Pasco and Hernando counties to live healthier, more independent lives. InnovAge expects the joint venture with Tampa General to elevate a shared commitment to expanding innovative community-based care options and improve access to quality care, particularly for the clinically frail and underserved seniors in the market.
A Shared Commitment to Tampa Seniors
Tampa General Hospital is the #1 hospital in the Tampa Bay region for the 10th consecutive year, according to U.S. News & World Report鈥檚 2025鈥�2026 Best Hospitals rankings. Recognized nationally as among the top
PACE (Program of All-Inclusive Care for the Elderly) is a proven care model designed to help seniors live independently at home while receiving the health care and support they need. PACE delivers fully coordinated medical, dental, therapy, and social services鈥攁long with transportation and in-home support. An interdisciplinary care team works closely with each participant to create a personalized plan that promotes health, dignity and quality of life, often at no cost for those with dual Medicare and Medicaid coverage.
鈥淲e are thrilled to partner with Tampa General Hospital, an organization that shares our deep commitment to improving the health and quality of life of the communities we serve,鈥� said Patrick Blair, InnovAge CEO. 鈥淭ogether, we will bring the proven benefits of PACE to more seniors in the Tampa Bay area, helping them live safely and independently at home while receiving the comprehensive care they need. Tampa General鈥檚 reputation for clinical excellence and community leadership makes them an ideal partner for InnovAge, and we are excited about the positive impact we can create together.鈥�
鈥淚nnovation is in our DNA and we look for partners who share that same philosophy,鈥� said John Couris, Tampa General Hospital President and CEO. 鈥淚nnovAge shares our vision of a healthier community for everyone, including our most vulnerable seniors. This joint venture reflects our mutual dedication to expanding access, creating innovative solutions and making a lasting difference in the lives of older adults in Tampa Bay.鈥�
The InnovAge Florida PACE center in Tampa has one of the largest footprints in the nation, with a 35,000-square-foot facility that can serve approximately 1,300 seniors. It offers primary and specialty medical care, dental services, rehabilitation therapies, transportation, meals, and engaging social activities鈥攃oordinated by a dedicated care team to help participants remain independent and connected to their community.
Investor Contact
Ryan Kubota
Media Contact
Lara Hazenfield
InnovAge Public Relations & Content Creation Manager
About InnovAge
InnovAge is a market leader in managing the care of high-cost, frail, and predominantly 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鈥檚 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 鈥� participants, their families, providers, and government payors 鈥� 鈥渨in.鈥� As of March 31, 2025, InnovAge served approximately 7,530 participants across 20 centers in six states. .
About Tampa General
Tampa General Hospital, a 1,529-bed, not-for-profit academic health system, is one of the largest hospitals in America and delivers world-class care as the Tampa Bay region鈥檚 only center for Level l trauma and comprehensive burn care. The system鈥檚 hospitals include Tampa General Hospital, Tampa General Rehabilitation Hospital, Tampa General Behavioral Health Hospital which are all located in Tampa. Additionally, Tampa General Brooksville, Tampa General Spring Hill and Tampa General Crystal River anchor TGH鈥檚 footprint in Hernando and Citrus counties. Tampa General Hospital is the highest-ranked hospital in Tampa Bay in , with six medical specialties ranking among the top 50 in the nation and five additional medical specialties ranked among the top
Tampa General is the safety-net hospital for the region, caring for anyone regardless of ability to pay; in fiscal year 2023, Tampa General provided a net community benefit of approximately
This press release was published by a CLEAR庐 Verified individual.
FAQ
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