In the U.S. Centers for Medicare & Medicaid Services’ (CMS) proposed payment rule for 2022, the attention-grabber was the expansion of the Home Health Value-Based Purchasing (HHVBP) Model, the details of which excited some providers and left others concerned. While the specifics of the expansion plan were being discussed during the public comment period, however, […]
When the U.S. Centers for Medicare & Medicaid Services (CMS) first released its home health proposed payment rule for 2022, its nationwide expansion of the Home Health Value-Based Purchasing (HHVBP) Model was recognized as a potential game-changer for the home health industry. While HHVBP has been heralded for its ability to improve quality of care […]
The Pennant Group Inc.’s (Nasdaq: PNTG) position is different from other, larger home health companies in the country, mainly in that a substantial portion of its overall revenue comes from senior living. COVID-19 is once again threatening senior care industries, making providers like Pennant more at risk for negative disruption. After all, lower occupancy in […]
Pennant adds end-of-life care provider The Pennant Group Inc. (PNTG) has acquired the assets of First Call Hospice, an end-of-life care provider that operates in Sacramento, California. Financial terms of the acquisition, effective June 16, were not disclosed. The Eagle, Idaho-based Pennant is the parent organization of a group of affiliated home health, hospice, home […]
AMN scoops up Synzi Staffing powerhouse AMN Healthcare Services Inc. (NYSE: AMN) has completed its $42.5 million all-cash acquisition of full-service virtual care management company Synzi. The Dallas-based AMN offers workforce and staffing solutions across the health care continuum, from acute care hospitals and urgent care centers to home health agencies. It also delivers its […]
Despite staffing pressures, increased expenditures and other challenges tied to the COVID-19 pandemic, The Pennant Group Inc. (Nasdaq: PNTG) reported a record first quarter for its home health and hospice segment in 2021. The Eagle, Idaho-based home health, hospice and senior living operator expects more growth for the segment over the rest of the year, […]
After announcing that it has aspirational growth plans for 2021, The Pennant Group Inc. (Nasdaq: PNTG) delivered on Thursday, as it announced the acquisition of a Colorado home health agency. The Eagle, Idaho-based Pennant Group is the parent company of affiliated home health, hospice and senior living companies. Included in its network are 84 home […]
The Pennant Group Inc. (Nasdaq: PNTG) is sitting on a newly increased revolving line of credit, giving it plenty of M&A firepower to work with moving forward. The company specifically plans on putting “a lot of capital to work” in its home health business, executives noted during a Thursday earnings call. The Eagle, Idaho-based Pennant […]
Pennant kicks off 2021 M&A activity The Pennant Group Inc. (Nasdaq: PNTG) has kicked off its 2021 M&A push. The Eagle, Idaho-based post-acute care provider announced Tuesday it has acquired Sacred Heart Home Health Care, which provides home health services in Phoenix and Tucson, Arizona. The acquisition was effective Jan. 16, 2021. “This strategic, off-market […]
Home health providers across the board are slowly starting to bounce back from COVID-19-related disruption. One thing that now provides further hope is a potential vaccine, especially as the U.S. continues to break daily records around new infections. The Pennant Group Inc. (Nasdaq: PNTG) is among the providers rallying around this week’s positive vaccine news, […]
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