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) will release its fourth quarter and fiscal year 2021 financial results on February 28, 2022. A live webcast for investors is scheduled for March 1, 2022, at 10:00 a.m. MT, where management will discuss the results. The company operates 88 home health and hospice agencies and 54 senior living communities across various U.S. states. Detailed information will be available on their Investor Relations website, with a replay option until March 25, 2022.
The Pennant Group (NASDAQ: PNTG) announced strategic transactions to enhance its senior living portfolio. It has entered into agreements to transfer operations of five senior living communities to affiliates of Ensign Group, focusing operations within a tighter geographic footprint. The transactions are expected to close in the first half of 2022 and will be accretive to earnings. Additionally, Pennant plans to lease a Class A senior living community in a key market beginning in Q2 2022. Following these changes, the company will operate 50 senior living communities across six states.
The Pennant Group, Inc. (NASDAQ: PNTG) announced its participation in the 2022 Stifel Seniors Housing and Healthcare Real Estate Conference on January 27, 2022. President Brent Guerisoli will join a panel discussion with senior living operators from 2:00 p.m. to 2:45 p.m. Eastern Time. A live webcast of the discussion will be available on Pennant's Investor Relations webpage. The company operates 88 home health and hospice agencies and 54 senior living communities across multiple states, emphasizing its independent operating subsidiaries.
The Pennant Group, Inc. (NASDAQ: PNTG) announced the retirement of director Roderic W. Lewis effective December 31, 2021. Gregory K. Morris, MD, has been appointed to fill the vacancy starting January 1, 2022. CEO Daniel Walker expressed gratitude for Lewis's contributions, particularly during the company’s transition to a standalone public entity. Morris brings extensive experience in healthcare strategy and leadership development, having worked with various Fortune 1000 companies. He will join the Quality Assurance and Compliance Committee and is recognized as an independent director.
The Pennant Group, Inc. (NASDAQ: PNTG) will present at the 2021 Stephens Annual Investment Conference on December 3, 2021, at 8:00 a.m. Central Time. Key executives participating include CEO Danny Walker, COO John Gochnour, CFO Jennifer Freeman, and CIO Derek Bunker. Investors can access a live webcast of the presentation through the Investor Relations section of Pennant's website. Pennant operates 88 home health and hospice agencies and 54 senior living communities across multiple states, emphasizing independent management for each subsidiary.
The Pennant Group, Inc. (NASDAQ: PNTG) reported third-quarter fiscal 2021 results, showing total revenue of $111.9 million, a 13.7% increase year-over-year. Net income was $1.2 million, with adjusted diluted EPS at $0.11. The Home Health and Hospice segment generated $79.0 million in revenue, up 22.7%. Total home health admissions rose 36.1%, while senior living occupancy increased to 73.7%. However, challenges due to COVID-19 and labor pressures were noted. The company projects 2022 revenue between $468.0 and $478.0 million, reflecting a 10.6% increase over 2021 projections.
The Pennant Group (NASDAQ: PNTG) has previewed its expected third-quarter results for 2021, indicating challenges from rising COVID-19 cases and labor shortages. The company anticipates total revenue of $111.9 million, with its Home Health and Hospice segment seeing a 22.7% year-over-year increase. However, the Senior Living segment experienced a 3.2% decline. Net income stood at $1.2 million, with EPS at $0.04. The company has adjusted its full-year guidance to $425 million-$430 million in revenue, citing ongoing impacts from COVID-19 and operational challenges.
The Pennant Group, Inc. (NASDAQ: PNTG) has acquired the assets of Open Heart Hospice in Amarillo, Texas, effective September 1, 2021. This acquisition enhances Pennant's presence in the Texas Panhandle, aligning with its cluster model and providing opportunities for growth. CEO Danny Walker emphasized the strategic fit of the acquisition, which complements existing affiliate operations in nearby areas. The newly acquired entity will operate as Kinder Hearts Hospice of Amarillo and aims to integrate seamlessly with the Pennant family, enhancing community healthcare services.
The Pennant Group (NASDAQ: PNTG) reported significant growth in its Q2 2021 results, highlighting a 19.0% increase in total revenue to $110.3 million. Net income for the quarter was $2.7 million, with adjusted EBITDA at $8.6 million. Home Health and Hospice Services revenue surged 34.7% year-over-year to $78.1 million, while total home health admissions increased 91.5%. Senior Living Services also showed improvements, with revenues reaching $32.2 million and average occupancy at 72.7%. The company maintains its 2021 revenue guidance of $430 million to $440 million.
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.
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