Lynette Walbom, the new CFO of The Pennant Group Inc. (Nasdaq: PNTG), is a newcomer to the health care space. As she gets her feet underneath her, there’s a few key areas she’ll be focused on. Those areas are all in line with Pennant’s strategy in recent years: labor, acquisitions and enabling local leaders. “This […]
The Pennant Group
The Pennant Group Inc. (Nasdaq: PNTG) has named Lynette Walbom as its new CFO, effective immediately. Walbom was previously the VP of financial reporting and tax for Raising Cane’s Restaurants. “I am thrilled to be joining The Pennant Group at such an exciting time in its history,” Walbom said in a statement. “I was drawn […]
The Pennant Group Inc. (Nasdaq: PNTG) is celebrating a milestone. The company has reached an all-time high in home health and hospice average daily census. Specifically, Pennant saw a 7.1% year-over-year increase in home health admissions last quarter. “We are excited about this progress, and still see significant opportunities to improve our bottom-line financial performance,” […]
HouseWorks acquires Care and Help Home Care, Amedisys’ personal care division The Massachusetts-based HouseWorks is expanding its footprint in Pennsylvania by acquiring Care and Help Home Care. Care and Help Home Care is a privately-owned personal care provider serving the greater Philadelphia area. “We are excited to welcome the Care and Help team to the […]
BrightStar Care names new chief marketing officer BrightStar Care has promoted Teresa Celmer to chief marketing officer. Prior to her appointment, she had served as the company’s senior vice president of marketing since 2019. “I am thrilled to be stepping into the role of chief marketing officer of BrightStar Care and am expertly positioned to […]
Home-based care’s deal volume remained flat in the fourth quarter of 2022, ending a slow year overall for transactions. The quarter saw at least 24 completed transactions, right on par with Q3’s 25 deals, but was lower than previous years in the home-based care space, according to a report from M&A advisory firm Mertz Taggart. […]
Pennant Group Inc. (Nasdaq: PNTG) leaders see a lot of room for improvement in 2023. The company’s president and CEO, Brent Guerisoli, highlighted four key areas where it can measure that improvement: clinical outcomes, improved operating margins, organic and inorganic growth, and an elevated employee experience. “While we are pleased with the progress, we know […]
Home health care’s 2022 was dimmed by the dark cloud of Medicare rate cuts. That cloud still hangs overhead in 2023. To weather the storm, providers are scrambling to find answers to persistent problems, namely staffing shortages. At the same time, they’re renegotiating arrangements with Medicare Advantage (MA) plans and pivoting from certain service lines […]
Amedisys names Scott Ginn COO Following the shocking news that Paul Kusserow would again take over the role of CEO at Amedisys Inc. (Nasdaq: AMED), the company made another move last week to fill out its executive roles. Scott Ginn – EVP and CFO at Amedisys – has also been named acting chief operating officer, […]
The Pennant Group acquires the assets of Kenosha Visiting Nurse Association The Pennant Group Inc. (Nasdaq: PNTG) has purchased the assets of Kenosha Visiting Nurse Association Inc., a provider of home health, private-duty home care and community health services in Kenosha, Wisconsin. “We are pleased to expand our home health operations deeper into southern Wisconsin,” […]
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