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.
The Pennant Group, Inc. (NASDAQ: PNTG) news page on Stock Titan focuses on updates about its home health, hospice, home care and senior living operations across multiple U.S. states. Pennant describes itself as a holding company for independent operating subsidiaries, and its news flow reflects activity at both the corporate and operating levels.
Investors following PNTG can find earnings announcements where the company reports GAAP and adjusted earnings per share, segment revenue and non-GAAP measures such as adjusted EBITDAR and adjusted EBITDA. These releases also highlight operational metrics, including home health admissions, Medicare home health admissions, hospice average daily census, senior living occupancy and average monthly revenue per occupied room.
Corporate development is another key theme in Pennant’s news. The company has issued press releases describing acquisitions of home health, hospice, personal care and outpatient therapy operations, as well as senior living communities. Examples include the purchase of Healing Hearts Home Health and Healing Hearts Outpatient Therapy in Wyoming, acquisitions of senior living communities in Idaho and Wisconsin, and a large transaction with UnitedHealth Group and Amedisys involving home health, hospice and personal care locations in Tennessee, Georgia and Alabama.
Capital structure and financing developments also appear in PNTG news, such as announcements about amendments to its credit facility and the addition of an incremental term loan. In addition, Pennant publishes notices about participation in healthcare and investment conferences, along with details of webcasts for quarterly earnings calls.
By reviewing PNTG news, readers can track how Pennant’s acquisition activity, segment performance, geographic expansion and financing arrangements evolve over time. This page brings together company-issued press releases and related disclosures in one place for convenient reference.
The Pennant Group, Inc. (NASDAQ: PNTG) announced it will release its fourth quarter and fiscal year 2020 financial results on February 24, 2021. A live webcast for current and prospective investors is scheduled for February 25, 2021, at 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time), where management will discuss the financial results. The Pennant Group operates 80 home health and hospice agencies and 54 senior living communities across multiple states, emphasizing independent operations through its subsidiaries.
The Pennant Group (NASDAQ: PNTG) has acquired Sacred Heart Home Health Care, effective January 16, 2021. This strategic acquisition enhances Pennant's service offerings in Tucson and strengthens its presence in Phoenix, Arizona. Sacred Heart, known for its high-quality home health services, admitted approximately 730 patients last year and has a five-star patient survey rating. Pennant aims to leverage Sacred Heart's excellence and expand growth opportunities in these markets while continuing to seek further acquisitions across the U.S.
The Pennant Group, Inc. (NASDAQ: PNTG) announced its participation in the 2021 Stifel Seniors Housing and Healthcare Real Estate Conference on January 19, 2021. Chief Investment Officer Derek Bunker will engage in a panel discussion alongside other senior living operators from 1:00 p.m. to 1:45 p.m. Eastern Time. A live webcast of the panel will be available on Pennant's Investor Relations website.
Pennant operates 78 home health and hospice agencies and 54 senior living communities across multiple states in the U.S.
The Pennant Group, Inc. (NASDAQ: PNTG) reported strong financial results for Q3 2020, showcasing GAAP diluted earnings per share of $0.15 and adjusted diluted earnings per share of $0.18. Total revenue reached $98.4 million, marking an 11.3% increase year-over-year. The home health and hospice segment saw a revenue boost of 16.7% to $64.4 million, while senior living services revenue grew by 2.4%. The company revised its 2020 adjusted earnings per share guidance upward to $0.75 - $0.80 and provided 2021 revenue guidance of $430 million to $440 million.
The Pennant Group, Inc. (NASDAQ: PNTG) will release its third quarter 2020 financial results on November 10, 2020. A webcast to discuss these results is scheduled for November 11, 2020 at 10:00 a.m. MT (12:00 p.m. ET). The company operates 75 home health and hospice agencies and 54 senior living communities across multiple states. Investors can access financial information via the company's Investor Relations website and replay the webcast until December 11.
The Pennant Group (NASDAQ: PNTG) recently launched two new hospice agencies: Alpha Home Health and Hospice in Everett, Washington, and Peaceful Heart Hospice in Murrieta, California. Both agencies received Medicare certification and began accepting patients in October 2020. CEO Daniel Walker emphasized the strategic growth opportunities these agencies present, highlighting local leadership efforts. The company aims to continue expanding by acquiring additional home health, hospice, and senior living businesses across the U.S.
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.