The Pennant Group (NASDAQ: PNTG) two years ago established a physician council to help guide clinical care, vet potential hires, foster growth and ensure regulatory compliance. To date, the council has had a transformative impact on the company’s culture through enhanced medical leadership. The council aids in mentoring physicians that are new to hospice or […]
Home health and hospice provider The Pennant Group (NYSE: PNTG) has been fueling expansion with a series of acquisitions and new partnerships. Most recently, The Pennant Group agreed to acquire Signature Healthcare at Home’s hospice and home health assets for a price tag of $80 million. The transaction involves two separate purchase agreements, with one […]
The Pennant Group Inc. (NASDAQ: PNTG) has agreed to acquire Signature Healthcare at Home’s hospice and home health assets for a price tag of $80 million. Pennant is the holding company for a group of independent hospice, home health and senior living providers located across 13 states. The company announced the transaction in a statement […]
The Pennant Group (NASDAQ: PNTG) has inked a management and consulting services agreement with Hartford HealthCare at Home (HHCAH). HHCAH is the home health and hospice segment of the Hartford HealthCare integrated health system. The health system retains ownership of HHCAH, with Pennant providing financial support services, human resources advising, information technology and other management […]
The Pennant Group, Inc. (NASDAQ: PNTG) has acquired the Corpus Christi, Texas-based hospice provider Nurses on Wheels Inc. for an undisclosed amount. This is the latest in a string of acquisitions for Pennant. Earlier this month Pennant acquired Utah-based South Davis Home Health and South Davis Hospice. The company in December 2023 picked up Arizona-based […]
The Pennant Group, Inc. (NASDAQ: PNTG) brought in record-high service revenue during the first quarter of the year, in part fueled by growth in its hospice and home health service lines. Meanwhile, the Idaho-based home health, hospice and senior living provider is full-speed ahead on its same-store growth and acquisition plans, according to Pennant CEO […]
In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. You can subscribe to Palliative Care News here: Subscribe today! High-quality care, leadership development, margin improvement and overall business growth helped The Pennant Group Inc. (NASDAQ: PNTG) close out 2024 with a bang. The Eagle, Idaho-based company saw particularly strong […]
Though the number of hospice M&A deals plummeted in 2023 compared to prior years, deals are still being made, and the industry may see a rebound in 2024. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Only three hospice deals took place in the third […]
After a rocky year for M&A, two of the publicly traded hospice providers are poised to pursue more deals in 2024. Based on 2023 earnings trends, The Pennant Group (NASDAQ: PNTG) and Addus HomeCare Cop. (NASDAQ: ADUS) are well-positioned to buy, according to an analysis by the M&A advisory firm Mertz Taggart. While the majority […]
A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. The hospice space in the last five years has seen record-breaking multiples, a prevalence of private equity-backed platform transactions and large-scale […]
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