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 […]
The Pennant Group
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 […]
The Pennant Group Inc. (Nasdaq: PNTG) has announced a leadership change. Daniel Walker, the company’s CEO, will step away from his role and be succeeded by the current president of Pennant, Brent Guerisoli. Walker will continue to serve as the chair of the board of directors. Walker has served as the company’s CEO since it […]
After multiple years of record-breaking M&A activity, home health consolidators are now starting to show an increased interest in organic growth. While the approach to growing a home health business through building existing infrastructure may take longer, the environment in 2022 is more friendly to organic growth than it was during the COVID-19 pandemic. “We […]
The home health segment of The Pennant Group Inc. (Nasdaq: PNTG), to some extent, carried the company at the beginning of 2022. In the first quarter alone, it had an 11.9% growth in admissions. After “sobering” moments in 2021 – when the company performed beneath its standards – Pennant CEO Daniel Walker is pleased with […]
Pennant acquires Bozeman home health provider, Twin Falls senior living asset The Pennant Group Inc. (Nasdaq: PNTG) announced last week that it has acquired the assets of First Choice Home Health, a home health and personal care services provider in Bozeman, Montana. “This acquisition complements our existing hospice operations in the state, expanding the continuum […]
As a provider of home health, hospice and senior living, the Pennant Group Inc. (Nasdaq: PNTG) still sees value in all of the settings it manages. But Derek Bunker, its chief investment officer, had a different tune when touching on the company’s home health footprint versus its senior living communities at the Oppenheimer Healthcare Conference […]
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