Jan. 3, 2020, 7:55 a.m. EST

Inovalon Announces Charitable Initiatives for 2019

Inovalon Delivers on Commitment to Social Responsibility Through Support of Local and National Organizations

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BOWIE, Md., Jan 03, 2020 (GLOBE NEWSWIRE via COMTEX) -- Inovalon /zigman2/quotes/201325530/composite INOV +4.51% , a leading provider of cloud-based platforms empowering data-driven healthcare, today announced the names of local and national charitable organizations the Company supported in 2019.

Inovalon's continued support of many honorable causes through its corporate philanthropy programs is a testament to its commitment to the community. The Company devoted resources to more than 26 worthy causes over the course of the year, including those that advance research and treatment for disease, develop critical academic and leadership programs for America's youth and advocate for those in greatest need.

"Giving back to the communities that Inovalon is a part of and driving forward the charitable causes that are important to our employees is an integral part of our company culture," said Bob Wychulis, president of Inovalon. "We support many of the same local and national organizations year after year and to see the impact we've been able to make is incredibly rewarding."

Inovalon contributed direct funding and thousands of employee volunteer hours to the following charities in 2019:

-- A Bigger Picture, Inc.: Provides young girls in the Washington, D.C., metro area with guidance to reach their personal goals through opportunities that build self-confidence, character and leadership skills.

-- Back on My Feet: Combats homelessness through the power of running, community support and essential employment and housing resources.

-- Bread for the City: Provides Washington, D.C., residents with supplies and comprehensive services, including food, clothing, medical care and legal and social services.

-- Catholic Charities Sarah's House: Offers assistance to children and families, people living in poverty, individuals with intellectual disabilities, and immigrants and seniors without regard to religion, race or other circumstances.

-- Child & Family Charities: Strengthens and supports children, families, and individuals as they evolve and grow in a changing community.

-- Friends of the Light House: Hosts local events and founded in support of The Light House, which provides food, shelter and life-changing programs that help clients reclaim hope and independence and rebuild their lives.

-- Girl Scouts: Dedicated to helping young girls build character and gain skills for success in the real world.

-- House of Ruth: Helps women, children and families in greatest need and with very limited resources build safe, stable lives and achieve their highest potential.

-- Inflammatory Breast Cancer (IBC) Network Foundation: Funds research and provides an avenue to network proactive education to the general population as well as the medical community regarding Inflammatory Breast Cancer.

-- Juvenile Diabetes Research Foundation (JDRF): Leads the fight against type 1 diabetes (T1D) by funding research, advocating for policies that accelerate access to new therapies and providing a support network for millions of people around the world impacted by T1D.

-- Kindness Grows Here: Dedicates efforts towards fostering kindness in children and spreading kindness throughout communities.

-- The Light House: Provides food, shelter and life-changing programs that help clients reclaim hope and independence and rebuild their lives.

-- Living Beyond Breast Cancer: Provides programs and services to help people whose lives have been impacted by breast cancer with their medical, emotional and practical concerns.

/zigman2/quotes/201325530/composite
US : U.S.: Nasdaq
$ 16.47
+0.71 +4.51%
Volume: 253,705
April 9, 2020 10:58a
P/E Ratio
340.41
Dividend Yield
N/A
Market Cap
$2.44 billion
Rev. per Employee
$211,155
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