Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Citigroup Global Markets Inc., among others, in connection with the initial public offering by InnovAge Holding Corp. (“InnovAge”) of 16,666,667 shares of its common stock, which raised approximately $350 million in gross proceeds. The initial public offering closed on March 8, 2021.
InnovAge is a market leader in managing the care of high-cost, dual-eligible seniors and currently serves approximately 6,600 participants across 17 centers in five states.
The Simpson Thacher team for this transaction included Art Robinson, Jean Park and Hyo Min Kim (Capital Markets); Jamin Koslowe and Ashlie Lawton (Executive Compensation and Employee Benefits); Karen Hsu Kelley and Amanda Weiss (Public Company Advisory Practice); Jonathan Cantor and Edward Grais (Tax); Andrew Pagliughi (FINRA & Blue Sky); Michael Isby (Environmental); Amber Harezlak (IP); and Vanessa Burrows (Healthcare).