The Pennant Group (Nasdaq: PNTG) is not stopping its plans for growth following the announcement that the company agreed to acquire home health centers from Amedisys (Nasdaq: AMED) and UnitedHealth Group (UHG) (NYSE: UNH). The company reported a robust acquisition pipeline in both its home health and hospice and senior living segments during its first […]
The Pennant Group
Amedisys (Nasdaq: AMED) announced on Thursday that the company has reached agreements to divest home health and hospice care centers to affiliates of the Pennant Group (Nasdaq: PNTG) and BrightSpring Health Services (Nasdaq: BTSG). The news comes four months after Amedisys and UnitedHealth Group (NYSE: UNH) halted plans to divest more than 100 home health […]
For the last few weeks, we’ve been busy covering the earnings calls of at-home care companies, which have revealed some key trends that providers are facing as they head into Q2. Specifically, Addus HomeCare Corporation (Nasdaq: ADUS), Enhabit Inc. (NYSE: EHAB), The Pennant Group (Nasdaq: PNTG), BrightSpring Health Services (Nasdaq: BTSG), Aveanna Healthcare Holdings Inc. […]
The Pennant Group (Nasdaq: PNTG) has completed its purchase of certain Oregon assets of Signature Healthcare at Home. The company previously acquired Signature’s Idaho and Washington assets on August 1, 2024. “We are delighted to welcome these operations to the Pennant fold,” Brent Guerisoli, CEO of Pennant, said in a press release statement. “This is […]
As The Pennant Group (Nasdaq: PNTG) expands its home health footprint rapidly across the country, developing local leaders remains at the heart of the company’s operating model. That’s according to Pennant CEO Brent Guerisoli. He reiterated Pennant’s focus on this strategy during the company’s third-quarter earnings call Thursday. “The significant investment we have made in […]
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 […]
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