InnovAge and Tampa General Hospital Form Joint Venture to Expand Elderly Care Options

Strategic Insights -

InnovAge Holding Corp., a provider of senior care through the Program of All-inclusive Care for the Elderly (PACE), has entered into a joint venture with Tampa General Hospital (TGH) to advance innovative community-based care options for clinically frail and underserved seniors in Hillsborough, Pasco, and Hernando counties. The partnership aims to improve access to quality care, leveraging the expertise and reputation of both organizations. Tampa General Hospital, ranked No. 1 in the Tampa Bay region for 10 consecutive years by U.S. News & World Report, will collaborate with InnovAge to enhance care for seniors, building on their commitment to excellence in geriatrics and age-friendly healthcare.

Key Takeaways:

  • InnovAge and Tampa General Hospital have formed a joint venture to provide innovative community-based care options for seniors in Hillsborough, Pasco, and Hernando counties.
  • The partnership aims to improve access to quality care for clinically frail and underserved seniors in the market.
  • Tampa General Hospital, ranked No. 1 in the Tampa Bay region by U.S. News & World Report for 10 consecutive years, brings its expertise in geriatrics and age-friendly healthcare to the partnership.
  • The InnovAge Florida PACE center in Tampa has a 35,000-square-foot facility, making it one of the largest in the nation, and can serve approximately 1,300 seniors.
  • PACE delivers fully coordinated medical, dental, therapy, and social services, along with transportation and in-home support, at no cost for those with dual Medicare and Medicaid coverage.
  • The joint venture 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 comprehensive care.
  • Patrick Blair, InnovAge CEO, stated, "We 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."
  • John Couris, Tampa General Hospital President and CEO, noted, "Innovation is in our DNA and we look for partners who share that same philosophy."

Statistics:

  • 35,000 square feet: Size of the InnovAge Florida PACE center in Tampa.
  • 1,300: Maximum number of seniors that the center can serve.
  • 10 consecutive years: Number of years Tampa General Hospital has been ranked No. 1 in the Tampa Bay region by U.S. News & World Report.

Sources:

  • "InnovAge Holding Corp., a provider of senior care through the Program of All-inclusive Care for the Elderly (PACE), reported a new joint venture of its Tampa, Florida center, located at 4520 Seedling Circle, Tampa, Florida 33614 with Tampa General Hospital (TGH)."
  • "InnovAge Holding Corp. (InnovAge), a leading provider of senior care through the Program of All-inclusive Care for the Elderly (PACE), has partnered with Tampa General Hospital (TGH) to expand innovative community-based care options for seniors in Hillsborough, Pasco, and Hernando counties."