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. reports developments for a holding company whose independent operating subsidiaries provide home health, hospice, home care and senior living services. Company updates commonly cover quarterly operating results, GAAP and non-GAAP earnings measures, segment performance, admissions, census, occupancy, rate trends and investor conference participation.
News also follows Pennant's acquisition and integration activity, including additions to its home health, hospice and senior living network. Completed community transitions, operating subsidiary structure and service continuity are recurring themes across its healthcare services disclosures.
The Pennant Group, Inc. (NASDAQ: PNTG) announced plans to release its second quarter 2021 financial results on August 9, 2021. Following the release, a live webcast will take place on August 10, 2021, at 10:00 a.m. Mountain Time, where management will discuss the results. Investors can access the webcast and related information via the Investor Relations section of the company's website. Pennant operates 86 home health and hospice agencies and 54 senior living communities across several states.
The Pennant Group, Inc. (NASDAQ: PNTG) announced the acquisition of First Call Hospice in Sacramento, California, effective June 16, 2021. This strategic acquisition expands Pennant's presence in Northern California, enhancing its ability to provide quality home health and hospice services. First Call Hospice, with over 25 years of experience, is celebrated for its patient care and community involvement. Pennant's leadership emphasized continued efforts to expand through additional acquisitions across the United States.
The Pennant Group, Inc. (NASDAQ: PNTG) announced its participation in the 2021 RBC Capital Markets Global Healthcare Conference on May 18-19, 2021. Key executives, including President Brent Guerisoli and CFO Jennifer Freeman, will present in a fireside chat on May 18 at 5:25 p.m. Eastern Time, followed by investor calls on May 19. A live webcast of the presentation will be available on Pennant's Investor Relations website. Pennant operates 85 home health and hospice agencies and 54 senior living communities across multiple states.
The Pennant Group, Inc. (NASDAQ: PNTG) reported strong financial results for Q1 2021, with total revenue of $105.7 million, a 15% increase year-over-year. The home health and hospice services segment generated $74.6 million in revenue, up 31.4%, and achieved $13.8 million in adjusted EBITDAR. Total home health admissions rose by 48.3%. However, the senior living segment faced challenges, particularly due to COVID-19 and severe weather in Texas, impacting occupancy and leading to increased operational costs. Despite this, the company remains optimistic about growth and strategic acquisitions.
The Pennant Group, Inc. (NASDAQ: PNTG) announced the forthcoming release of its first quarter 2021 financial results on May 6, 2021. A live webcast will follow on May 7, 2021, at 10:00 a.m. MT, where management will discuss these results. The company operates healthcare services through 85 home health and hospice agencies and 54 senior living communities across various states. For more information, visit their Investor Relations website.
The Pennant Group, Inc. (NASDAQ: PNTG) announced the acquisition of the assets of Cardiovascular Home Care, effective May 1, 2021. This Texas-based home health service will be renamed Custom Care Home Health. CEO Danny Walker highlighted this as a strategic move to enhance community care in the Dallas-Fort Worth area, leveraging existing hospice and senior living services. The acquisition adds to Pennant's portfolio, which includes 85 home health and hospice agencies across the U.S., reinforcing its commitment to patient care quality.
The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Pasco Southwest Home Health, effective April 1, 2021. This strategic acquisition enhances Pennant's presence in Colorado, offering a strong foundation for future expansion and new services. Pasco Southwest, known for its exceptional home health and personal care services over two decades, will benefit from Pennant's advanced resources. CEO Danny Walker and President Brent Guerisoli emphasized the commitment to maintaining high care standards while pursuing further acquisition opportunities across the U.S.
The Pennant Group, Inc. (NASDAQ: PNTG) has announced participation in two upcoming investor conferences. John Gochnour, Chief Operating Officer, Jennifer Freeman, Chief Financial Officer, and Derek Bunker, Chief Investment Officer will represent the company at the 2021 Barclays Global Healthcare Conference on March 9 and the Oppenheimer 31st Annual Healthcare Conference on March 17, 2021. A live webcast of the presentations will be available on the company's investor relations page.
The Pennant Group, Inc. (NASDAQ: PNTG) announced its participation in two investor conferences. Brent Guerisoli, President, along with CFO Jennifer Freeman and CIO Derek Bunker, will present at the 2021 Barclays Global Healthcare Conference on March 9, 2021. Additionally, COO John Gochnour, Ms. Freeman, and Mr. Bunker will present at the Oppenheimer 31st Annual Healthcare Conference on March 17, 2021, at 9:20 a.m. MT. Live webcasts will be available on Pennant's Investor Relations website, providing stakeholders access to company insights.
The Pennant Group (PNTG) reported robust financial results for FY 2020, with total revenue rising to $391 million, an increase of 15.5% year-over-year. GAAP diluted EPS reached $0.52 for the year and $0.13 in Q4. Adjusted EBITDA was $36.1 million, a 32.9% increase. The Home Health and Hospice Services segment saw revenue growth of 22.8%, while senior living revenue rose 4.1%. The company reaffirmed its 2021 guidance for total adjusted revenue between $430 million and $440 million.