The Pennant Group, Inc. Common Stock (PNTG)
The Pennant Group, Inc. (PNTG) is a healthcare services company focused on providing senior healthcare services, including home health, hospice, and community care. Founded to offer personalized and community-based care, the company operates through a network of local agencies across various regions, aiming to deliver high-quality, compassionate services to improve the quality of life for senior populations.
Company News
Pennant Group acquired home health, hospice, and personal care services in Tennessee, Georgia, and Alabama from UnitedHealth Group for $146.5 million, expanding its operations into the Southeast United States.
Pennant Group has acquired Healing Hearts Home Health and Healing Hearts Outpatient Therapy in Wyoming, expanding its home health and outpatient therapy network in the region.
The Pennant Group, Inc. has announced the acquisition of assets from Signature Healthcare at Home for $80 million, expanding its presence in the Pacific Northwest. The deal includes multiple locations across Oregon, Washington, and Idaho, and will enhance Pennant's home health and hospice services.
Tenet Healthcare (THC) is well-poised to gain from improved volumes, expansion of specialty services, streamlining operations and operational efficiency.
PNTG earnings call for the period ending September 30, 2021.