Innovage Holding Corp. (NASDAQ: INNV) has announced the appointment of Pavithra Mahesh and Sean Traynor to its board of directors, expanding the board's size from nine to eleven directors. Mahesh, who will serve as a class III director and a member of the quality and compliance committee, brings deep institutional knowledge of the company, having previously served as a director from 2020 through March 2023. On the other hand, Traynor, appointed as a class I director and a member of the compensation, nominating, and governance committee, has been a director of the company since 2015 until August 2023.
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). As of September 30, 2025, Innovage served approximately 7,890 participants across 20 centers in six states.
Ms. Mahesh, who currently serves as a principal on the services team at Apax Partners, joined the private equity investment firm in 2018. Prior to Apax, she was an investment professional at Goldman Sachs, focusing on buyouts and growth equity investments within healthcare services and information technology. Ms. Mahesh holds a Bachelor of Arts in Behavioral Economics from Duke University and a Master of Business Administration from Harvard Business School.
Mr. Traynor, a general partner in the healthcare group of Welsh, Carson, Anderson & Stowe, a private equity investment firm, joined the company in 1999. He currently serves on the board of directors and the compensation committee of Amerisafe, Inc. (NASDAQ: AMSF) and on the boards of Constitution Surgery Alliance, TailorCare, United Musculoskeletal Partners, and Valtrius. He earned a Bachelor of Science in Accounting from Villanova University and a Master of Business Administration from the Wharton School of the University of Pennsylvania.
The company's CEO, Patrick Blair, expressed his pleasure at welcoming Mahesh and Traynor back to the board, citing their deep institutional knowledge and strong understanding of the PACE model and the company's mission. Both Mahesh and Traynor expressed their enthusiasm about rejoining the board and contributing to Innovage's growth strategy and long-term value for all stakeholders.
The announcement comes as Innovage continues to execute its plans to bring the PACE model of care to more seniors, strengthen performance across the organization, and build long-term value for its participants, their families, federal and state regulatory partners, and shareholders. The market has reacted to these announcements by moving the company's shares 0.0% to a price of $5.85. If you want to know more, read the company's complete 8-K report here.
