Pennant Hits All-Time High Home Health Census, Sets Goals For Newly Acquired Assets

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,” […]

Transactions: HouseWorks Acquires Care and Help Home Care; Pennant Bolsters Colorado Home Health Footprint

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 Hires New Marketing Chief; Addus, Pennant Make Changes To Their Boards

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 M&A Volume Mostly Flat At End Of 2022

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. […]

Despite Turnover Increasing 25% In 2 Years, Pennant Sees Modest Home Health Growth

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 […]

Top Home Health Trends For 2023

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 […]

Transactions: Pennant Group Acquires Home Health Agency; BrightStar Adds Corporate-Owned Locations

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,” […]

Pennant Group Ready To Make Operational Adjustments To Offset CMS’ Behavioral Adjustments

Leaders with the Pennant Group Inc. (Nasdaq: PNTG) are expecting a net negative impact of 1% in its Medicare home health revenue for 2023 following the announcement of the U.S. Centers for Medicare & Medicaid Services’ (CMS) final payment rule. Despite the expected drop, Pennant COO John J. Gochnour feels confident that the company will […]

Why M&A Activity Will Redefine The Home Health Industry In 2023

One of the most fascinating questions surrounding the Centers for Medicare & Medicaid Services’ (CMS) home health proposed payment rule is what effect it will have on M&A. I’ve heard that it will stymie acquisitions. I’ve heard it will drive them. Both make sense, too. Some companies may not be allocating more resources and money […]