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 (NASDAQ: PNTG) announced its acquisition of Nurses on Wheels, a South Texas hospice provider. This strategic move aims to expand Pennant's hospice operations in Corpus Christi and surrounding areas. CEO Brent Guerisoli highlighted the company's commitment to empowering local leaders and enhancing community-based services. President John Gochnour emphasized the deep connection Nurses on Wheels has with the local community and expressed excitement about partnering with skilled clinicians to deliver high-quality care. Guerisoli confirmed that Pennant is actively seeking further acquisitions in the home health, hospice, and senior living sectors across the U.S.
The Pennant Group, Inc. (NASDAQ: PNTG) will participate in the 2024 RBC Global Healthcare Conference on May 14-15, 2024. Key executives will engage in a fireside chat, providing insights into the company's operations. Investors can access a live webcast of the event.
The Pennant Group, Inc. (NASDAQ: PNTG) reported strong first-quarter 2024 results, including GAAP diluted earnings per share of $0.16 and adjusted diluted earnings per share of $0.20. Total revenue increased by 24.1% to $156.9 million. Net income rose by 165.2% to $4.9 million. The Home Health and Hospice Services segment saw revenue growth of 27.9% to $116.5 million. Senior Living Services revenue increased by 14.2% to $40.4 million. The company's focus on margin resulted in improved bottom-line performance, positioning them well for 2024.
The Pennant Group, Inc. (NASDAQ: PNTG) announced the acquisition of Veranda Senior Living at Paramount, a 73-unit assisted living and memory care community in Meridian, Idaho. The community will be rebranded as Table Rock Senior Living at Paramount. This acquisition marks Pennant's expansion in southwestern Idaho, enhancing its senior living portfolio and strengthening its presence in the region.
The Pennant Group, Inc. has acquired South Davis Home Health and South Davis Hospice, expanding its presence in Utah. The acquisition aims to enhance Pennant's services in central and northern Utah, particularly in Davis County. The company's CEO highlighted the importance of providing life-changing hospice services to the community, expressing excitement about the partnership with South Davis' experienced team.
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