SPACs Build Momentum in Hospice M&A Market

Rising interest from special-purpose acquisition companies (SPACs) could make competition in an already active hospice M&A market more fierce in coming years. Like private equity and other investors, SPACs are drawn to hospice by surging demographic tailwinds from the aging population.  SPACs are formed with the sole intent of raising capital for the purpose of […]

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 […]

Pennant Primed for Hospice Acquisitions, De Novos

The Pennant Group (NASDAQ: PNTG) is investing heavily in the growth of its hospice business both through acquisitions and de novo activity during the remainder of the year and into 2021. Pennant set itself on a strong trajectory in 2020 with two start-up locations and four hospice acquisitions thus far. Pennant, which owns and operates […]

Pennant Group Unveils Two Hospice Start-Ups

Cornerstone Healthcare, the hospice and home health subsidiary of the Pennant Group, Inc. (NASDAQ: PNTG) has opened two de novo hospice agencies: Everett-Wash.-based Alpha Home Health and Hospice and Peaceful Heart Hospice, located in Murrieta, Calif. Alpha, which already provided home health services, received a certificate of need from the Washington State Department of Health […]

Pennant Group Names Geurisoli New President, Wayment to Lead Hospice Subsidiary Cornerstone

The Pennant Group, Inc. (NASDAQ: PNTG) has appointed Brent Guerisoli as the company’s new president as of Jan. 1, 2020. Pennant’s current president and chief executive officer Daniel Walker will continue as CEO. The company also announced that Brian Wayment would take the helm of Cornerstone Healthcare as president of that subsidiary.  The Pennant Group […]

Pennant Group Purchases Hospice Locations from Signature Health Care at Home

Hospice, home health and senior living company The Pennant Group, Inc. (NASDAQ: PNTG), has acquired the assets of two hospice providers, sold by Signature Health Care at Home, each with multiple locations throughout southeastern Idaho and northern Utah. The company also purchased two home health agencies serving those regions. Financial terms of the transactions were […]

Hospices Contend with COVID Relief Funding Questions

Under the CARES Act enacted in March, many hospice providers nationwide received federal relief funding to provide monetary support as they reeled from the fallout of the coronavirus pandemic. As the U.S. Department of Health & Human Services (HHS) distributed millions of often unsolicited dollars from the Public Health and Social Services Emergency Fund, legal […]

Pennant Acquires Two Arizona Hospice Companies

The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Prime Hospice, located near Phoenix, and Harmony Hospice of Arizona in the northwestern region of that state. Financial terms for the transactions have not been disclosed. The company expects to complete a third acquisition in a matter of days, also in the Southwest. Pennant, which owns and […]

Pennant Group Sees Hospice Surge, Announces Acquisitions

Early action to stave off the fallout of the COVID-19 pandemic has paid off for The Pennant Group (NASDAQ: PNTG), which saw substantial growth in its hospice business during the first quarter, even as the company gears up for the forthcoming acquisition of three affiliated hospice providers located in the southwestern United States.  Post-acute providers […]

Pennant Group Anticipates Strong Hospice Growth in 2020

Hospice, home health and senior living provider the Pennant Group (NASDAQ: PNTG) saw significant growth in its hospice operations during 2019 and expects that trend to continue through 2020.  The company’s hospice admissions rose 30% during 2019, coupled with a 26% increase in average daily census. The company’s fourth quarter 2019 average daily hospice census […]