A Denver-based managed care company says it plans to introduce comprehensive medical and social services to select senior citizens in Terre Haute and the surrounding area. InnovAge Holding Corp. (Nasdaq: INNV) says it has received approval from the state to develop Program of All-inclusive Care for the Elderly (PACE) coverage.

According to the U.S. Centers for Medicare and Medicaid Service, PACE provides comprehensive medical care to elderly patients who are typically eligible for both government programs.

“As the pandemic continues, our focus and mission remain the same: providing care and support to frail seniors across the country,” said InnovAge President and Chief Executive Officer Maureen Hewitt. “PACE is the best way to do that, and we look forward to bringing the program to more older adults in the state. We are eager to partner with the many local organizations in the Terre Haute area to support its frail seniors.”

InnovAge says it has identified a prospective location for its Terre Haute PACE center, which is projected to open in fiscal year 2024. The company expects to eventually enroll over 600 seniors while creating more than 100 local healthcare positions.