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 […]
If there were ever a time for Medicare Advantage-related troubles to cool off in the home health care space, now would be it. And, heading into the summer, some of the largest home health providers in the country are scoring demonstrable wins that could lead to future success. Virtually no one has the MA game […]
The Pennant Group (Nasdaq: PNTG) has had to adjust to Medicare Advantage (MA) penetration in home health care, just like its peers. Unlike its peers, however, its adjustments have been mostly smooth sailing. For over a decade, the company has been building out relationships with MA plans and health systems in the communities it serves […]
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 […]
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 […]
Over the last five years, the home health public market has been extremely volatile. Companies have entered and exited, stock prices have soared and sunk. The Pennant Group (Nasdaq: PNTG) hasn’t been completely immune to that unsteady market, but has been on an under-the-radar, upward trajectory as a home health leader over the last couple […]
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