The Pennant Group (NASDAQ: PNTG) expects emerging rebounds in skilled nursing and assisting living — and its pipeline of forthcoming acquisitions — to offset the impact of continuing labor headwinds. The company reduced its guidance for calendar year 2022 in the wake of falling hospice lengths of stay, rising wages, the return of Medicare sequestration, […]
Recent acquisitions and joint ventures by The Pennant Group (NASDAQ: PNTG) are fueling bottom-line growth for the Idaho-based senior services provider. The financial boost from acquired home health and hospice agencies helped mitigate COVID-related struggles like rising costs and labor headwinds. Case in point, the 15 deals the company completed in 2020 collectively grew EBITDA […]
The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Amarillo,Texas-based Open Heart Hospice. The organization will rebrand as Kinder Hearts Hospice of Amarillo. Financial terms are confidential. The Pennant Group’s (NASDAQ: PNTG) acquisition strategy is fueling growth in both the near- and long-term for the company’s home health and hospice segment. Pennant has been very active in […]
The Pennant Group’s (NASDAQ: PNTG) acquisition strategy is fueling growth in both the near- and long-term for the company’s home health and hospice segment. Pennant has been very active in the M&A market during the past two years, with additional transactions waiting in its pipeline. Pennant, which owns and operates hospice provider Cornerstone Healthcare, was […]
The Pennant Group, Inc. (NASDAQ: PNTG) has purchased Sacramento, Calif.-based First Call Hospice. Pennant remains bullish on hospice and home health acquisitions, with a number of deals in its pipeline. The company in February increased its revolving line of credit by $75 million to a total $150 million, pledging to apply those resources to buying […]
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