Category: The Pennant Group

  • ‘It’s Back to Basics’: Home Health Giants Share Staffing Strategies, Growth Goals

    This article is an exclusive feature available as a part of your subscription to HHCN + Basically all of the publicly traded in-home care giants offered internal updates and expectations for the coming year this week during a series of investor presentations. In addition to company-specific plans, the group discussed key policy developments and important […]

  • Beyond the Bottom Line: Why M&A Isn’t Just About EBITDA for The Pennant Group

    Over two years after spinning off from The Ensign Group (Nasdaq: ENSG), Eagle, Idaho-based The Pennant Group (Nasdaq: PNTG) stands at 87 home health and hospice agencies, plus 54 senior living communities. The company has locations throughout 14 states overall. The Pennant Group is, no doubt, a large-scale provider with plenty of resources at its […]

  • ‘The Fittest Survive’: HHVBP Expansion Could Drive Home Health Consolidation

    In the U.S. Centers for Medicare & Medicaid Services’ (CMS) proposed payment rule for 2022, the attention-grabber was the expansion of the Home Health Value-Based Purchasing (HHVBP) Model, the details of which excited some providers and left others concerned. While the specifics of the expansion plan were being discussed during the public comment period, however, […]

  • ‘Bring It On’: Home Health Executives Embrace HHVBP Expansion

    When the U.S. Centers for Medicare & Medicaid Services (CMS) first released its home health proposed payment rule for 2022, its nationwide expansion of the Home Health Value-Based Purchasing (HHVBP) Model was recognized as a potential game-changer for the home health industry. While HHVBP has been heralded for its ability to improve quality of care […]

  • The Pennant Group Holds Firm on Home Health Growth Strategy Amid Labor, COVID-19 Challenges

    The Pennant Group Inc.’s (Nasdaq: PNTG) position is different from other, larger home health companies in the country, mainly in that a substantial portion of its overall revenue comes from senior living. COVID-19 is once again threatening senior care industries, making providers like Pennant more at risk for negative disruption. After all, lower occupancy in […]

  • Pennant Acquires First Call Hospice; Humana Grows CenterWell Footprint

    Pennant adds end-of-life care provider The Pennant Group Inc. (PNTG) has acquired the assets of First Call Hospice, an end-of-life care provider that operates in Sacramento, California. Financial terms of the acquisition, effective June 16, were not disclosed. The Eagle, Idaho-based Pennant is the parent organization of a group of affiliated home health, hospice, home […]

  • AMN Healthcare Buys Synzi for $42.5M; Pennant Acquires Texas Home Health Provider

    AMN scoops up Synzi Staffing powerhouse AMN Healthcare Services Inc. (NYSE: AMN) has completed its $42.5 million all-cash acquisition of full-service virtual care management company Synzi. The Dallas-based AMN offers workforce and staffing solutions across the health care continuum, from acute care hospitals and urgent care centers to home health agencies. It also delivers its […]

  • Pennant Posts Record Home Health Numbers, Hits Pause on Senior Living Dealmaking

    Despite staffing pressures, increased expenditures and other challenges tied to the COVID-19 pandemic, The Pennant Group Inc. (Nasdaq: PNTG) reported a record first quarter for its home health and hospice segment in 2021. The Eagle, Idaho-based home health, hospice and senior living operator expects more growth for the segment over the rest of the year, […]

  • The Pennant Group Acquires Colorado Home Health Agency

    After announcing that it has aspirational growth plans for 2021, The Pennant Group Inc. (Nasdaq: PNTG) delivered on Thursday, as it announced the acquisition of a Colorado home health agency. The Eagle, Idaho-based Pennant Group is the parent company of affiliated home health, hospice and senior living companies. Included in its network are 84 home […]

  • Pennant Plans to ‘Put Capital to Work’ in Its Home Health Business

    The Pennant Group Inc. (Nasdaq: PNTG) is sitting on a newly increased revolving line of credit, giving it plenty of M&A firepower to work with moving forward. The company specifically plans on putting “a lot of capital to work” in its home health business, executives noted during a Thursday earnings call. The Eagle, Idaho-based Pennant […]

  • LHC Group Names New CFO; The Pennant Group Picks New President

    LHC Group Inc. (Nasdaq: LHCG) announced Monday that Dale Mackel has joined the company as its next chief financial officer. Since 2016, the CFO position has been held by LHC Group’s current president, Joshua Proffitt. “The LHC Group team of leaders is one of the deeper and more experienced in all of health care, with […]

  • Bridges Announces Series of Mergers; Pennant Lands Hospice Agency

    Bridges announces series of mergers Los Angeles-based Bridges Health Services has announced a series of new merger agreements. In Nevada, Bridges will join forces with Las Vegas-based home health and hospice companies Gentlecare Home Health and Renaissance Hospice. Meanwhile, in California, the provider will merge with Supreme Healthcare Inc. and Supreme Hospice Inc. All merger […]

  • The Pennant Group CEO: It’s Too Early to Draw Conclusions About PDGM’s Long-Term Impact

    So far, the transition to the Patient-Driven Groupings Model (PDGM) has gone smoothly for many home health agencies, with a majority successfully avoiding questionable encounters and achieving staffing efficiencies across their operations. Eagle, Idaho-based The Pennant Group Inc. (Nasdaq: PNTG) has seen positive results on its end, too, especially when it comes to coding accurately […]