Welcome to our dedicated page for Pennant Group news (Ticker: PNTG), a resource for investors and traders seeking the latest updates and insights on Pennant Group stock.
Pennant Group Inc (PNTG) delivers essential healthcare services through its home health, hospice, and senior living operations across 13 U.S. states. This news hub provides investors and industry professionals with timely updates on company developments directly impacting healthcare service delivery.
Access official press releases and curated analysis covering earnings reports, strategic partnerships, regulatory compliance updates, and service expansions. Our repository tracks critical updates including leadership changes, care model innovations, and market entry announcements within the home health and senior care sectors.
Key content categories include quarterly financial results, operational milestones in hospice care, updates to senior living communities, and recognition of clinical excellence. Bookmark this page to monitor how PNTG navigates evolving healthcare demands through its patient-centered care networks.
The Pennant Group, Inc. (NASDAQ: PNTG) has successfully acquired Riverside Home Health Care, located in Grants Pass, Oregon, effective November 1, 2020. This acquisition expands Pennant's portfolio in southern Oregon and aligns with its strategy of sourcing off-market opportunities, as stated by CEO Daniel Walker. Riverside Home Health Care, which admitted around 1,100 patients in the past six months, is noted for its strong reputation within its community. Pennant Group is actively pursuing additional acquisitions in home health, hospice, and senior living sectors across the U.S.
The Pennant Group, Inc. (NASDAQ: PNTG) announces an expansion of its leadership with Brent Guerisoli appointed as President, effective January 1, 2021. Daniel Walker remains CEO. Guerisoli has significantly contributed to Cornerstone Healthcare's growth, expanding from 54 to 73 agencies. Walker praised Guerisoli's ability to develop leaders and drive financial and clinical excellence. Additionally, Brian Wayment will lead Cornerstone Healthcare, with John Gochnour supporting the transition. This leadership change reflects a commitment to growth and operational excellence across Pennant's healthcare services.
The Pennant Group (NASDAQ: PNTG) has acquired Harmony Hospice in Las Vegas, effective October 1, 2020, enhancing its presence in Southern Nevada. This acquisition follows similar transactions earlier in the year with affiliated hospice agencies in Arizona. CEO Daniel Walker emphasized the strategic and disciplined nature of this acquisition to address growth opportunities despite the challenges posed by COVID-19. Additionally, Pennant announced a joint venture with Scripps Health to create Seaport Scripps Home Health, expanding its service offerings in San Diego County.
The Pennant Group (NASDAQ: PNTG) announced the closing of its home health joint venture with Scripps Health, effective October 1, 2020. The joint venture will operate as Seaport Scripps Home Health and will be majority-owned by Pennant, providing home health services in San Diego County. This collaboration is aimed at enhancing quality care through integrated services and local leadership. Pennant plans to pursue further growth opportunities in the home health and hospice sectors.
The Pennant Group, Inc. (NASDAQ: PNTG) announced the acquisition of assets from CMS Home Health Care in Texas, effective September 16, 2020. This strategic decision aims to enhance their Texas portfolio in home health and hospice operations, complementing existing services in nearby cities like Abilene and Dallas. Pennant's CEO emphasized local leaders' capability to drive growth despite market challenges, while the president of Cornerstone Healthcare expressed excitement about incorporating CMS's staff and patients. The company plans to continue pursuing new growth opportunities across its sectors.
The Pennant Group, Inc. (NASDAQ: PNTG) reported strong second-quarter results for fiscal year 2020, with total revenue of $92.7 million, a 12.1% increase year-over-year. GAAP earnings per share increased 15.4% to $0.15, while adjusted earnings per share rose 118.2% to $0.24. Home Health and Hospice Services generated $58.0 million in revenue, a 15.5% increase, and average daily census grew 18.3%. The company updated its guidance, raising annual adjusted earnings per share expectations to $0.71 to $0.78.
The Pennant Group, Inc. (NASDAQ: PNTG) announced it will release its Q2 2020 financial results on August 11, 2020. A live webcast is scheduled for August 12, 2020, at 10:00 a.m. Mountain Time, where management will discuss these results. The Pennant Group operates 71 home health and hospice agencies and 54 senior living communities across multiple states, including Arizona, California, and Texas. Detailed financial information will be available via their Investor Relations webpage.
The Pennant Group (NASDAQ: PNTG) announced the acquisition of assets from two home health and two hospice agencies in Southeastern Idaho and Northern Utah, effective July 1, 2020. This off-market acquisition expands Pennant's healthcare services in these regions, enhancing their presence and service delivery capabilities. CEO Daniel Walker emphasized the strategic importance of this cluster-driven growth strategy, while President Brent Guerisoli highlighted the potential for broader community service and growth opportunities. Pennant remains open to further acquisitions to strengthen its market position.
The Pennant Group, Inc. (NASDAQ: PNTG) announced the acquisition of two hospice agencies in Arizona: Prime Hospice in Phoenix and Harmony Hospice of Arizona in Kingman, effective May 16, 2020. This strategic move enhances Pennant's presence as a leading hospice care provider in Arizona. CEO Daniel Walker emphasized the importance of off-market opportunities and the company's strong relationships in the industry. Furthermore, Pennant is expected to close on a third acquisition in the southwestern U.S. by July 1, 2020, signaling continued growth in the home health and hospice sector.
The Pennant Group, Inc. (NASDAQ: PNTG) reported its first-quarter financial results for fiscal year 2020, showcasing a significant revenue increase of 17.9% to $91.8 million. GAAP diluted EPS reached $0.10, a 100% increase from last year, while adjusted diluted EPS was $0.16. The Home Health and Hospice segment also saw a robust performance, with revenues up 23.1%. Despite COVID-19 challenges, the company maintained its 2020 guidance of $376 million to $386 million in revenue and $0.53 to $0.58 in adjusted EPS.
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