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 (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.
The Pennant Group (NASDAQ: PNTG) has announced the acquisition of three premier senior living facilities, effective February 1, 2025. The expansion includes one facility in Idaho under a triple net lease with a purchase option, and two facilities in Texas under a long-term triple net lease.
The acquisitions add 188 units to Pennant's operations, offering both assisted living and memory care services. This strategic move strengthens the company's national presence and aligns with its mission to provide high-quality personalized care for seniors.
CEO Brent Guerisoli emphasized this expansion as a step forward in key markets, while Andrew Rider, President of Pinnacle Senior Living , Pennant's senior living subsidiary, highlighted the company's commitment to delivering exceptional care while pursuing long-term growth.
The Pennant Group (NASDAQ: PNTG) has completed its acquisition of Signature Healthcare at Home assets in Oregon, following the earlier purchase of Signature's Idaho and Washington assets on August 1, 2024. The Oregon acquisition, finalized on January 1, 2025, includes seven locations across the state, complementing Pennant's existing presence in Portland and Grant's Pass.
This two-stage acquisition strengthens Pennant's position as a leading home health and hospice provider in the Pacific Northwest. The company reports a successful integration of the Idaho and Washington operations over the previous two quarters, with management expressing confidence in the cultural alignment between the organizations. Following what they describe as a record-breaking year in 2024, Pennant now operates 122 home health and hospice agencies and 57 senior living communities across 13 states.
The Pennant Group (NASDAQ: PNTG) has announced key leadership changes to its board of directors, effective January 1, 2025. Brent Guerisoli, the company's current CEO since 2022, has been appointed as Chairman of the board, succeeding Barry Smith who will remain on the board and continue as chairman of the nominating and corporate governance committee.
Additionally, Scott Lamb has been appointed as Lead Independent Director. Lamb, who has served on Pennant's board and as chairman of its audit committee since 2019, brings valuable experience from his previous role as CFO of ICU Medical (2008-2020). Guerisoli, who has been with the organization since 2012 and joined the board in 2023, has been recognized for his inspiring leadership, consistent performance, and transparent communication.
The Pennant Group (NASDAQ: PNTG) announced its participation in the 2024 Stephens Annual Investment Conference, scheduled for November 19-20, 2024. The company's leadership team, including CEO Brent Guerisoli, CFO Lynette Walbom, and President/COO John Gochnour, will engage in a fireside chat on November 19 at 10:00 a.m. Central Time. Pennant Group, which operates affiliated home health, hospice and senior living companies, will provide a live webcast of the event through their investor relations website.
Pennant Group (NASDAQ: PNTG) reported strong Q3 2024 results with total revenue of $180.7 million, up 28.9% year-over-year. Net income reached $6.2 million, increasing 41.6%, while adjusted earnings per share was $0.26. Home Health and Hospice Services segment revenue grew 33.7% to $135.7 million, with total home health admissions up 38.5%. Senior Living Services segment revenue increased 16.3% to $45.0 million. The company updated its 2024 guidance, projecting total revenue between $665.3-706.5 million and adjusted earnings per share of $0.90-0.96.
The Pennant Group (NASDAQ: PNTG) has acquired three senior living facilities in Green Bay and Appleton, Wisconsin, effective November 1, 2024. The acquisition includes Marla Vista Assisted Living and Manor (renamed to Blue Jay Springs Senior Living and Memory Care), Carrington Assisted Living (renamed to Autumn Embers Senior Living), and Carolina Assisted Living (renamed to Lotus Gardens Senior Living). The transaction adds 125 units to Pennant's portfolio and will operate under a long-term, triple net lease arrangement. This strategic move strengthens Pennant's presence in Wisconsin and enhances its ability to serve the region's growing senior population.
The Pennant Group (NASDAQ: PNTG) has announced its plans to release third quarter 2024 financial results on November 6, 2024. The company will host a live webcast on November 7, 2024, at 10:00 a.m. Mountain Time to discuss the results. Investors can access the webcast through the Investor Relations section of Pennant's website. The recorded webcast will be available for replay until November 6, 2025.
Pennant Group is a holding company operating 122 home health and hospice agencies and 54 senior living communities across 13 states. These healthcare services are provided through independent operating subsidiaries, each with its own management and assets.
The Pennant Group (NASDAQ: PNTG) announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock at $31.00 per share, aiming to raise $108.5 million before deducting underwriting discounts, commissions, and expenses. The underwriters have a 30-day option to purchase an additional 525,000 shares. The company plans to use the net proceeds to repay outstanding debt under its revolving credit facility and for general corporate purposes. The offering is expected to close around October 4, 2024, subject to customary conditions. Citigroup and Truist Securities are the lead book-running managers, with Wells Fargo Securities and RBC Capital Markets as joint book-running managers. Oppenheimer & Co. and Stephens Inc. are co-managers. The offering is being made under an effective shelf registration statement filed with the SEC. A preliminary prospectus supplement was filed on September 30, 2024, and the final prospectus supplement will be filed with the SEC.
The Pennant Group (NASDAQ: PNTG) has announced a public offering of 3,500,000 shares of common stock. The company plans to grant underwriters a 30-day option to purchase up to 525,000 additional shares. Proceeds will be used to repay outstanding debt under the company's revolving credit facility, with any remaining funds allocated for general corporate purposes.
Citigroup and Truist Securities are lead book-running managers, while Wells Fargo Securities and RBC Capital Markets are joint book-running managers. Oppenheimer & Co. and Stephens Inc. are acting as co-managers. The offering is being made pursuant to the company's effective shelf registration statement filed with the SEC.