Pennant Group Inc
NASDAQ:PNTG
Pennant Group Inc
The Pennant Group, Inc. is a holding company, which engages in the provision of healthcare services to patients of all ages. The company is headquartered in Eagle, Idaho and currently employs 6,441 full-time employees. The company went IPO on 2019-09-19. The firm operates multiple lines of business, including home health, hospice and senior living across, Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. The company provides home health and hospice services through approximately 88 agencies and senior living services at approximately 54 communities with approximately 4,127 units in its assisted living, independent living and memory care business. The firm operates through two segments: home health and hospice services, and senior living services. Home health and hospice services segment includes its home health, hospice and home care businesses. Senior living services segment includes its assisted living, independent living and memory care communities.
The Pennant Group, Inc. is a holding company, which engages in the provision of healthcare services to patients of all ages. The company is headquartered in Eagle, Idaho and currently employs 6,441 full-time employees. The company went IPO on 2019-09-19. The firm operates multiple lines of business, including home health, hospice and senior living across, Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. The company provides home health and hospice services through approximately 88 agencies and senior living services at approximately 54 communities with approximately 4,127 units in its assisted living, independent living and memory care business. The firm operates through two segments: home health and hospice services, and senior living services. Home health and hospice services segment includes its home health, hospice and home care businesses. Senior living services segment includes its assisted living, independent living and memory care communities.
Record Performance: Pennant reported record highs in Q3 revenue, census, occupancy, and earnings, with revenue of $229 million (up 26.8%), adjusted EBITDA of $17.3 million (up 14.5%), and adjusted EPS of $0.30 (up 15.4%) over the prior year.
Major Acquisition: The company closed its largest-ever transaction, acquiring UnitedHealth Amedisys operations, adding significant scale and new markets.
Guidance Raised: Full-year 2025 guidance was increased again, with expected revenue of $911.4–$948.6 million, adjusted EBITDA of $70.9–$73.8 million, and adjusted EPS of $1.14–$1.18.
Strong Segment Growth: Home Health and Hospice revenue rose 27.9%, while Senior Living revenue climbed 23.2%. Senior Living occupancy surpassed 80% for the first time.
Integration Focus: Management expects some earnings variability from recent acquisitions but is optimistic about long-term contributions and margin improvement.
Regulatory Uncertainty: The company is prepared for potential Medicare reimbursement changes, emphasizing its diversified revenue mix and contingency planning.
