The Pennant Group (Nasdaq: PNTG) has appointed a chief medical officer for the first time. Dr. Derrel Walker will serve in the role, which he calls a “developing” one. Based in Eagle, Idaho, Pennant is a holding company with independent operating subsidiaries that provide health care services. It has 117 home health and hospice agencies […]
Over the past two years, CMS has proposed large cuts to home health Medicare payments, leaving providers concerned over their ability to deliver care and run their businesses. Even when CMS finalized cuts that were smaller than their original proposals, providers still faced challenges over thin margins. The 2025 proposed rule brings additional cuts that […]
Pennant completes acquisition of Signature assets The Pennant Group (Nasdaq: PNTG) has completed its acquisition of Signature Healthcare at Home’s Washington and Idaho assets. With an $80 million purchase price, the transaction was the largest in Pennant history. The deal was first announced in early July, and is just one of many deals Pennant has […]
There are certain headwinds affecting all home-based care providers right now, whether it be in payment, staffing or otherwise. Amid those challenges, the largest companies are all taking slightly different approaches to growth. Enhabit Inc. (NYSE: EHAB), for instance, grabbed the attention of home health providers everywhere last week when it announced that it had […]
The Centers for Medicare & Medicaid Services (CMS) isn’t letting up on cuts to home health payments, but its recent rulemaking in Medicare Advantage (MA) may end up benefiting home health providers indirectly. As MA plans become more scrutinized by regulators and lawmakers – and payment updates come with more meager increases – MA penetration […]
The Pennant Group (Nasdaq: PNTG) is one of the largest home health providers in the country, and has also been one of the more acquisitive ones over the last year. Now, it’s moving eastward, in a move that could set the table for an aspirational future. In June, the company announced a partnership with the […]
The Pennant Group (Nasdaq: PNTG) has agreed to acquire assets of certain affiliates of Signature Healthcare at Home for a combined price tag of $80 million. “This is a significant acquisition in Pennant’s history,” Pennant CEO Brent Guerisoli said in a press statement. “We are excited to make this investment because of the quality of […]
The Pennant Group (Nasdaq: PNTG) has formed a partnership with Hartford HealthCare at Home (HHCAH), the home health and hospice segment of Hartford HealthCare. The deal is a management and consulting services agreement, which has an aim of providing operational support to HHCAH. “We have deep admiration for Hartford HealthCare and the commitment to home-based […]
Home health providers want better rates and arrangements from Medicare Advantage (MA) plans. The plans, on the other hand, sometimes still can’t figure out what they want from providers. Some of the largest home health companies have begun to make headway with MA plans. “I think the payers are recognizing that this is not a […]
The Pennant Group secures 2 more acquisitions The Pennant Group has completed two acquisitions thus far in May. Announced first was its acquisition of the Davis County, Utah-based South Davis Home Health and South Davis Hospice. “This acquisition provides us with an opportunity to further expand in the state of Utah, and will complement our […]
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