Pennant Group aims to ride two big shifts in healthcare: more older Americans and a growing move toward getting care at home rather than in hospitals. The upside hinges on its ability to buy and quickly improve smaller care providers while using technology to ease staffing strain, but changes to government payments and rising labor costs could hit results.Read more
Pennant Group sits in the middle of two big shifts: more older Americans and a growing push to keep care at home instead of in hospitals. The upside comes from expanding into new local markets and improving care quality, but rule changes and staff shortages could quickly squeeze growth.Read more
Pennant Group sits in the path of rising demand as more older Americans get care at home, but looming government payment changes could squeeze what the company earns from that work. The company is also growing quickly through deals in new regions, and the big question is whether it can hire and integrate fast enough without service quality and costs slipping.Read more
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The Pennant Group, Inc. provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families. It also provides senior living services, such as residential accommodations, activities, meals, housekeeping, and assistance in the activities of daily living to seniors who are independent or who require some support. The company operates home health, hospice, and home care agencies, as well as senior living communities in Alabama, Arizona, California, Colorado, Idaho, Montana, Nevada, Oklahoma, Oregon, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming. The Company was incorporated in 2019 and is headquartered in Eagle, Idaho.
