The U.S. Department of Justice (DOJ) has rejected the sale of Amedisys’ (Nasdaq: AMED) home health and hospice assets to BrightSpring Health Services Inc. (Nasdaq: BTSG) and The Pennant Group (Nasdaq: PNTG) as a remedy to an ongoing lawsuit. Amedisys earlier this month announced the divestiture of a number of its home health and hospice […]
The Pennant Group (Nasdaq: PNTG) saw home health and hospice reach an “all-time high” during the first quarter of 2021, as the company awaits the outcome of a potential deal to acquire divested locations from Amedisys (Nasdaq: AMED) and UnitedHealth Group (NYSE: UNH). The Pennant Group’s total revenue for Q1 reached $209.8 million, up 33.7% […]
Amedisys Inc. (Nasdaq: AMED) is divesting a number of its home health and hospice locations to several companies in advance of its acquisition by the UnitedHealth Group (NYSE: UNH) subsidiary Optum. Amedisys is selling a number of its care centers to Adoration Home Health Acquisitions, LLC, Adoration Hospice Care Acquisitions, LLC, and Senescence, LLC, DBA […]
Many hospices in 2025 are driving to expand in the senior housing and assisted living space. More than 818,000 people in the United States dwell in more than 30,600 assisted living communities nationwide with an aggregate 1.2 million licensed beds, according to the American Health Care Association and the National Center for Assisted Living (AHCA/NCAL). […]
The Pennant Group (Nasdaq: PNTG) is poised for more acquisitions as the year progresses, supported by a pipeline of newly trained leaders for acquired assets. Pennant’s revenue growth has positioned the company well for more deals. During the fourth quarter the company accumulated $20.6 million in net cash generated from operating activities and $17.2 million […]
The Pennant Group (Nasdaq: PNTG) plans to ramp up acquisitions later this year as it works to integrate assets purchased in late 2024. Among those deals was The Pennant Group’s acquisition of Signature Healthcare at Home’s hospice and home health assets for a price tag of $80 million which closed in January. The company also […]
The Pennant Group (Nasdaq: PNTG) has been quietly building palliative care programs driven by its local leaders with support from the corporate office’s Service Center. Pennant is the holding company for a group of independent hospice, home health and senior living providers located across 13 states. The company currently holds 115 hospice and home health […]
New executives have stepped into c-suite and other roles at some of the nation’s largest hospice organizations as 2025 kicks off. Empath Health’s First Chief Philanthropy Officer Empath Health has announced that Deborah Johnson will become its first chief philanthropy officer. Johnson will oversee the work of Empath’s several foundations — Suncoast Hospice Foundation, Tidewell […]
Hospice chaplains often have little recourse for upward mobility along their career ladders. This can make recruitment and retention difficult among the next generation of the spiritual care workforce. More professionals from a wider range of interfaith groups are entering the field, according to Shana Sullivan, bereavement coordinator of Texas-based Heart to Heart Hospice. Sullivan […]
The Pennant Group Inc. (Nasdaq: PNTG) completed its $80 million acquisition of Signature Healthcare at Home’s hospice and home health assets. Pennant closed the deal on seven of Signature’s Oregon locations on Jan. 1. The company previously completed the purchase of Signature’s Idaho and Washington assets on August 1, 2024. Acquiring Signature will boost Pennant’s […]
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