Pennant Group Forms Home Health Agreement With Hartford HealthCare, Enters East Coast

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 […]

Payers Continue To Take Short-Sighted View Of Home Health Care

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 […]

Transactions: Pennant Announces 2 New Home Health, Hospice Acquisitions; Family Resource Home Care Expands Footprint

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 […]

Despite Wage Pressures, Pennant Continues Racking Up Home Health Wins

The Pennant Group (Nasdaq: PNTG) just achieved a record quarter. “This was highlighted by a double digit year-over-year percentage increases in same store total home health admissions and hospice average daily census,” Pennant CEO Brent Guerisoli said during the company’s first-quarter earnings call Tuesday. “This same store growth exemplifies the meaningful potential that exists at […]

Transactions: ShiftMed Buys CareerStaff Unlimited; Nova Leap Purchases Massachusetts Provider

ShiftMed — a staffing platform — has acquired CareerStaff Unlimited from Genesis HealthCare, a long-term care services provider. “The integration of CareerStaff with ShiftMed allows us to fulfill 100% of our clients’ On Demand needs through one workforce platform,” Todd Walrath, CEO of ShiftMed, said in a press statement. “By merging ShiftMed’s acclaimed mobile-first suite […]

The Pennant Group Continues Thriving In Home Health Care

The Pennant Group (Nasdaq: PNTG) is more than halfway to meeting its goal of building a pipeline of 100 CEOs. The company announced that it added more than 50 CEOs in training, and that 38 local leaders earned C-level designations in their operations. Pennant CEO Brent Guerisoli noted that leadership development has been one of […]

Compassus, Pennant Group Expand Home Health JV Portfolios

Two home-based care providers – Compassus and the Pennant Group (Nasdaq: PNTG) – have expanded their JV portfolios this week. On Wednesday, Compassus and Ascension announced the expansion of their Tennessee-based home health partnership, which is dubbed Ascension Saint Thomas at Home. Subsequently, Ascension Saint Thomas at Home’s service area now covers 17 Tennessee counties […]