Pennant Group Back on the Hunt for Acquisitions

The Pennant Group (NASDAQ: PNTG) plans to ramp up acquisition activity in the second half of the year and into 2023, with a number of hospice and home health deals in its pipeline.  The company has been aggressive on acquisitions for the past two years, but paused in early 2022 to integrate its most recently […]

The Pennant Group Taps Guerisoli as New CEO

Brent Guerisoli effective Aug. 1 will become CEO of The Pennant Group Inc. (NASDAQ: PNTG). Current CEO Daniel Walker will retire from the position but remain board chairman. Guerisoli joined Pennant in 2012 and, until August, served as the company’s president and COO. In that role, he has been involved heavily in leadership recruitment and […]

Pennant Group Slowing Acquisitions Through End of Year

The Pennant Group (NASDAQ: PNTG) will likely slow down its acquisition activity during the remainder of the year and early 2022 as they work to recover from pandemic headwinds that bruised the hospice, home health and senior housing provider during the third quarter. Pennant has been aggressive on acquisitions during the past two years, including […]

Pennant Group Acquires First Call Hospice

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 […]

Encompass Home Health, Hospice CEO April Anthony to Step Down in June

April Anthony, CEO of Home Health and Hospice at Encompass Health Corp. (NYSE: EHC) will be stepping down in mid-June of this year. The move comes at a time when the company is considering a repositioning of its home health and hospice business, including a potential spin off or sale. Anthony founded Encompass Home Health […]

Encompass to Reposition Hospice, Home Health Business, Considering Spin Off

Encompass Health (NYSE: EHC) is considering a strategic repositioning of its business lines that could lead to a spin off of their home health and hospice services to a new, separate company. Other options under consideration include a potential merger, sale, initial public offering or other transaction. Encompass provides both facility-based and home-based patient care […]

The Ensign Group Completes Pennant Group Spin-Off

The Ensign Group (NASDAQ: ENSG) has completed the spin-off of The Pennant Group Inc., (NASDAQ: ENSG), which separates Ensign’s home health and hospice segments from its skilled nursing, rehabilitation care services, senior living and other holdings. As part of the spin off, Ensign’s stockholders were given one share of Pennant common stock for every two […]

Addus Completes $130 Million Purchase of Hospice Partners of America

Hospice and home health care provider Addus HomeCare Corporation (NASDAQ: ADUS) has completed a $130 million purchase of Birmingham, Ala.-based Hospice Partners of American, LLC. The $130 million purchase price represents $118 million of value, net the present value of $11.6 billion of estimated tax benefits, according to Addus. The Hospice Partners transaction was funded […]

The Ensign Group Acquires Agape Hospice & Palliative Care

Cornerstone Healthcare, Inc., the hospice and home health subsidiary of The Ensign Group, Inc. (NASDAQ: ENSG), has acquired the assets of Tucson, Ariz.-based Agape Hospice and Palliative Care. Financial terms were not disclosed.  Agape will not rebrand as a result of this transaction and will retain staff and management. The hospice will become part of […]