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) 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.
The Pennant Group, Inc. (NASDAQ: PNTG) has amended its revolving credit facility, increasing it by $75 million to a total of $150 million. As of February 22, 2021, approximately $18.3 million was drawn. The amendment, arranged by Truist Bank, helps improve the company's long-term capital structure, extends the facility's termination to 2026, reduces interest rates on drawn capital, and lowers undrawn fees. CFO Jenn Freeman stated that proceeds will be allocated for acquisitions, growth investments, and working capital. The net-debt-to-adjusted EBITDA ratio stands at 0.23x.
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