Pennant Group Inc Stock Price, News & Analysis

Pennant Group (NASDAQ: PNTG) has announced the acquisition of GrandCare Health Services, a premier home health agency in Southern California. The acquired entity, to be rebranded as GrandCare Home Health, provides services across Los Angeles, Orange, Riverside, and San Diego counties.

The strategic acquisition strengthens Pennant's presence in California markets where it already maintains significant senior living operations. GrandCare is recognized for its clinical excellence, strong star ratings, low hospitalization rates, high employee engagement, and innovative technology approach.

The transaction aligns with Pennant's strategy to expand its home health services footprint and build a comprehensive continuum of care in Southern California. Current patients will maintain continuity of care while benefiting from Pennant's additional resources and expertise. Montauk AI served as the placement agent for the transaction.

CareTrust REIT (NYSE:CTRE) has secured a new $500 million unsecured term loan, expanding its existing $1.2 billion credit facility. The term loan, maturing in May 2030, includes an accordion feature allowing up to $800 million in additional borrowing capacity. The company plans to use the funds to pay off its $475 million revolver balance, fund acquisitions, and support general corporate purposes. Additionally, CareTrust announced two strategic hires: Roger Laty as SVP of Tax, bringing 30 years of real estate tax expertise, and Derek Bunker as SVP of Strategy and Investor Relations, with extensive healthcare services experience. These moves strengthen CareTrust's position for continued growth in its healthcare portfolio across the US and UK markets.

The Pennant Group (NASDAQ: PNTG) has appointed Suzanne D. Snapper to its board of directors following a shareholder vote. Snapper, who currently serves as Chief Financial Officer of Ensign Group (NASDAQ: ENSG) since 2009, brings extensive experience in healthcare financial management. She oversees Ensign's accounting, finance, IT, tax, internal controls, investor relations, managed care, and treasury functions. Her background includes over a decade at KPMG (1996-2007) and she is a certified public accountant.

Snapper succeeds JoAnne Stringfield, who served on Pennant's board from 2019 to 2025. The appointment maintains the board size at eight directors, with Snapper serving as a Class III director eligible for reelection in 2028.

Pennant Group (NASDAQ: PNTG) reported strong Q1 2025 financial results with significant growth across all segments. Total revenue increased 33.7% to $209.8 million, while net income grew 58.5% to $7.8 million. The company's Home Health and Hospice segment showed remarkable performance with revenue up 37.2% to $159.9 million. Total home health admissions increased 28.9% to 18,878, and hospice average daily census grew 28.1% to 3,794. The Senior Living Services segment also demonstrated solid growth with revenue increasing 23.6% to $50.0 million, maintaining a 78.5% occupancy rate and achieving an 11.3% increase in average monthly revenue per occupied room to $5,193. GAAP diluted EPS was $0.22, while adjusted diluted EPS reached $0.27 for the quarter.

The Pennant Group (NASDAQ: PNTG), a healthcare services provider, has scheduled the release of its first quarter 2025 financial results for Tuesday, May 6, 2025. The company will host a live webcast on Wednesday, May 7, 2025, at 10:00 a.m. Mountain Time to discuss the quarterly results.

The webcast will be accessible through the Investor Relations section of Pennant's website and will remain available for replay until May 7, 2026. Pennant operates through independent subsidiaries providing home health, hospice, and senior living services across 13 states, including Arizona, California, Colorado, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming.

The Pennant Group (NASDAQ: PNTG) has announced the acquisition of a senior living community in Arizona, expanding its portfolio with both real estate and operations. The newly acquired facility adds 128 units to Pennant's Arizona operations, offering assisted living and memory care services.

This marks Pennant's fourth senior living community acquisition in 2025 and their first real estate purchase for the year. The expansion reinforces the company's commitment to providing high-quality care services in Arizona, with a focus on creating active and supportive communities for seniors.

Under the leadership of Pennant's CEO Brent Guerisoli and Pinnacle Senior Living President Andrew Rider, the company plans to revitalize the community while ensuring a smooth transition for residents, families, and staff.

The Pennant Group (NASDAQ: PNTG) has announced its participation in the 2025 Oppenheimer Annual Healthcare MedTech & Services Conference scheduled for March 18, 2025. The company's leadership team, including CEO Brent Guerisoli, CFO Lynette Walbom, and Executive VP Kirk Cheney, will engage in a fireside chat at 10:00 a.m. Eastern Time.

The parent company of affiliated home health, hospice and senior living companies will make the event accessible to investors through a live webcast at investor.pennantgroup.com/events-and-presentations.

Pennant Group (NASDAQ: PNTG) reported strong financial results for Q4 and fiscal year 2024. Total revenue reached $695.2M for the full year, up 27.6%, with Q4 revenue at $188.9M, increasing 29.4% year-over-year.

Key financial metrics include:

• Full-year net income of $22.6M, up 68.6%
• Q4 net income of $5.8M, up 32.4%
• Full-year adjusted EBITDA of $53.3M, up 30.9%

The Home Health and Hospice segment showed significant growth with revenue of $519.5M (+31.7%), while Senior Living segment revenue reached $175.8M (+16.8%). For 2025, management projects revenue between $800.0M-$865.0M and adjusted earnings per diluted share of $1.03-$1.11, representing 13.8% growth at the midpoint.

The Pennant Group (NASDAQ: PNTG), a healthcare services provider, has scheduled its fourth quarter and full year 2024 financial results announcement for Thursday, February 27, 2025. The company will host a live webcast on Friday, February 28, 2025, at 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time) to discuss the results.

The webcast will be accessible through the Investor Relations section of Pennant's website and will remain available for replay until February 27, 2026. Pennant operates through independent subsidiaries providing home health, hospice, and senior living services across 13 states, including Arizona, California, Colorado, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming.