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News 2026-09-22 22:18 UTC

InnovAge Shares Fall on Secondary Offering of 10M Shares

By Elias SchisgallShares of InnovAge fell after the healthcare company said funds affiliated with Apax Partners and Welsh, Carson, Anderson & Stowe would sell 10 million shares in a secondary offering.Shares were down 13% to $9.30 in after-hours trading on Tuesday. The stock closed up 0.5% at $10.6…