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. […]
The Pennant Group
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,” […]
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 […]
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 […]
LHC Group acquires Three Rivers Home Health LHC Group Inc. (Nasdaq: LHCG) has expanded its reach in Georgia by purchasing the Eastman, Georgia-based Three Rivers Home Health. Following the purchase of Three Rivers’ nine locations, LHC Group’s footprint spans 36 Georgia counties. The acquisition is expected to create a $12 million revenue boost for the […]
Though the Pennant Group Inc. (Nasdaq: PNTG) has entered into a new era of leadership, the company is doubling down on its core strategy and operational principles. “Our differentiators are, one, our innovative operating model focused on empowering and developing strong local leaders,” Pennant CEO Brent Guerisoli said during a second quarter earnings call Tuesday. […]
Since its spinoff from The Ensign Group (Nasdaq: ENSG), The Pennant Group Inc. (Nasdaq: PNTG) has yet to unlock the upside of its home health and hospice businesses. That may soon change, according to both industry insiders and its current president and future CEO – Brent Guerisoli – who told Home Health Care News he […]
Subscribe
Receive industry updates and breaking news from HHCN