InnovAge Names Christine Bent as Chief Operations Officer DENVER

InnovAge Names Christine Bent as Chief Operations

DENVER, March 1, 2023 (GLOBE NEWSWIRE) -

Today, InnovAge Holding Corp. ("InnovAge") (Nasdaq: INNV), an industry leader in providing comprehensive healthcare

programs to frail dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), names Christine (Chris) Bent

its Chief Operations Officer (COO) effective March 20, 2023.

Bent joins InnovAge's executive leadership team as Maria Lozzano

assumes the role of Senior Advisor to the CEO and COO.

InnovAge President and Chief Executive Officer Patrick Blair said,

"As we look ahead, it is critical that we not only sustain the compliance and operational gains achieved in the last year, but that

we continue our work preparing the organization for a future of responsible growth. Chris' depth of experience leading and scaling

diverse care delivery organizations and her commitment to developing strong partnerships with administrative and clinical teams to improve

the patient experience makes her a great addition to our executive team."

As COO, Bent will oversee InnovAge's operations at its existing

PACE centers and the development of de novo programs in new markets.

"As a second-generation healthcare executive, I have a passion

for wellbeing and serving others," Bent said. "With my own lived experience caregiving for my mom in her final years, I know

how important it is for individuals to age with dignity and on their terms. My mom would have loved to have the opportunity to live at

home and be part of a program like PACE. I am honored to join InnovAge and to be at the forefront of bringing this unique program to more

seniors throughout the country."

Most recently, Bent served as senior vice president and COO at Prime

Therapeutics LLC, a privately held pharmacy benefit manager, where she oversaw the company's day-to-day operations, IT, and customer

experience. Prior to Prime Therapeutics, Bent served 12 years in clinical and operations leadership roles at Allina Health, most recently

as senior vice president and president of Allina Health Group. She has also held leadership roles at various healthcare institutions,

including as vice president of Atrius Health, and as executive director at Partners Community Healthcare.

InnovAge is a market leader in managing the care

of high-cost, 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's 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 - participants, their families, providers, and government payors -

"win." As of Dec. 31, 2022, InnovAge served approximately 6,460 participants across 18 centers in five states. https://www.innovage.com/.

Sarah Rasmussen, APR

Forward-Looking Statements - Safe Harbor

This press release contains "forward-looking statements"

within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements

can be identified by words such as: "anticipate," "intend," "plan," "believe," "project,"

"estimate," "expect," "may," "should," "will" and other words and terms of

similar meaning that they do not relate strictly to historical or current facts. Examples of forward-looking statements include, statements

regarding our expectations with respect to the Company's new Chief Operating Officer; the effective transition and readjustment

of responsibilities within the Company; and our expectations with respect to the Company's ability to grow. For a detailed discussion

of the risks and uncertainties that could affect our actual results, please refer to the risk factors identified in our SEC reports, including,

our most recent Annual Report on Form 10-K and any subsequent Quarterly Report on Form 10-Q, in each case, as filed with the SEC.

statement made by the Company is based on information currently available to us. Except as required by law, we undertake no obligation

to publicly update any forward-looking statement, whether written or oral, whether as a result of new information, future developments