Pennant ‘Encouraged’ by Vaccine News, But Not Assuming Near-Term Changes to Home Health Operating Environment

Home health providers across the board are slowly starting to bounce back from COVID-19-related disruption. One thing that now provides further hope is a potential vaccine, especially as the U.S. continues to break daily records around new infections. The Pennant Group Inc. (Nasdaq: PNTG) is among the providers rallying around this week’s positive vaccine news, […]

LHC Group Names New CFO; The Pennant Group Picks New President

LHC Group Inc. (Nasdaq: LHCG) announced Monday that Dale Mackel has joined the company as its next chief financial officer. Since 2016, the CFO position has been held by LHC Group’s current president, Joshua Proffitt. “The LHC Group team of leaders is one of the deeper and more experienced in all of health care, with […]

Bridges Announces Series of Mergers; Pennant Lands Hospice Agency

Bridges announces series of mergers Los Angeles-based Bridges Health Services has announced a series of new merger agreements. In Nevada, Bridges will join forces with Las Vegas-based home health and hospice companies Gentlecare Home Health and Renaissance Hospice. Meanwhile, in California, the provider will merge with Supreme Healthcare Inc. and Supreme Hospice Inc. All merger […]

Pennant Group Acquires Texas Home Health Agency; Nova Leap Expands Footprint

The Pennant Group Inc. (Nasdaq: PNTG) announced Wednesday that it has acquired CMS Home Health Care, a Texas agency with locations in Brownwood and Coleman. “With sister operations in Abilene, Austin and Dallas, this off-market acquisition is an excellent strategic fit for our burgeoning Texas portfolio of home health and hospice operations,” Pennant Group CEO […]

The Pennant Group CEO: It’s Too Early to Draw Conclusions About PDGM’s Long-Term Impact

So far, the transition to the Patient-Driven Groupings Model (PDGM) has gone smoothly for many home health agencies, with a majority successfully avoiding questionable encounters and achieving staffing efficiencies across their operations. Eagle, Idaho-based The Pennant Group Inc. (Nasdaq: PNTG) has seen positive results on its end, too, especially when it comes to coding accurately […]

After Weeks of Coronavirus Chaos, Home-Based Care Providers Welcome Early Signs of Normalcy

After an immense disruption from the COVID-19 virus led to a dip in patient visits and revenue, home-based care insiders are now reporting budding signs of normalcy. The public health crisis, of course, is far from over. But the initial panic is subsiding, patients are receiving care again and providers are gaining confidence operating in […]

Pay Cuts, Furloughs and PDGM: Pennant Group Weighs in on COVID-19 Disruption

Insight into how the home health industry’s large, publicly traded companies have been impacted by the coronavirus continues to roll in. The Pennant Group Inc. (Nasdaq: PNTG) was considerably affected by COVID-19 in the first quarter of 2020, leadership said during a Thursday conference call. Nonetheless, the Idaho-based company is optimistic about its near-term growth […]

Pennant Group Taking Coronavirus Cues from CMS, SNFs

The home health and hospice segment of The Pennant Group Inc. (Nasdaq: PNTG) has been a shining star ever since the company successfully spun off from The Ensign Group (Nasdaq: ENSG) about six months ago. But the coronavirus outbreak is now stealing some of the spotlight. Pennant leadership discussed overall company growth and the potential […]

Pennant Group Enters New Joint Venture; Prepared Health Rebrands

The Pennant Group Inc. (Nasdaq: PNTG) announced that a subsidiary of Cornerstone Healthcare Inc. — its home health and hospice portfolio company — has agreed to form a home health joint venture with San Diego-based Scripps Health, a nonprofit health system. The deal is expected to be finalized in the third quarter of 2020. The […]