The Pennant Group Inc. (Nasdaq: PNTG) has set out on an ambitious endeavor, aiming to build a pipeline of “100 CEOs.” The company has always leaned into a strategy of purchasing community-driven home-based care agencies with strong ties to their specific markets, and then empowering local leaders. The idea of health care as a local […]
Advent Home Health joins Intermountain Health On Sept. 5, Intermountain Health announced that the Nevada-based Advent Home Health had officially joined its network. The Salt Lake City-based Intermountain Health has a network that spans across Utah, Idaho, Nevada, Colorado, Montana, Wyoming and Kansas. It has a health plan, 33 hospitals, 385 clinics and Intermountain at […]
Despite regulatory headwinds, The Pennant Group Inc. (Nasdaq: PNTG) continues to build on successes in its home health and hospice segments. It’s doing so by putting an emphasis on clinical outcomes, according to Pennant’s leadership team. “Our focus on clinical outcomes continues to yield strong results with hospitalization rates, star ratings and hospice quality composite […]
Pennant acquires home health provider in Idaho The Pennant Group (Nasdaq: PNTG) has acquired Bluebird Home Health, Bluebird Hospice and Bluebird Home Care — three agencies under the Bluebird brand — that offer home health, hospice and home care services in Idaho. “Bluebird’s operations fit uniquely within the strong continuum of care we have successfully […]
Lynette Walbom, the new CFO of The Pennant Group Inc. (Nasdaq: PNTG), is a newcomer to the health care space. As she gets her feet underneath her, there’s a few key areas she’ll be focused on. Those areas are all in line with Pennant’s strategy in recent years: labor, acquisitions and enabling local leaders. “This […]
The Pennant Group Inc. (Nasdaq: PNTG) has named Lynette Walbom as its new CFO, effective immediately. Walbom was previously the VP of financial reporting and tax for Raising Cane’s Restaurants. “I am thrilled to be joining The Pennant Group at such an exciting time in its history,” Walbom said in a statement. “I was drawn […]
The Pennant Group Inc. (Nasdaq: PNTG) is celebrating a milestone. The company has reached an all-time high in home health and hospice average daily census. Specifically, Pennant saw a 7.1% year-over-year increase in home health admissions last quarter. “We are excited about this progress, and still see significant opportunities to improve our bottom-line financial performance,” […]
HouseWorks acquires Care and Help Home Care, Amedisys’ personal care division The Massachusetts-based HouseWorks is expanding its footprint in Pennsylvania by acquiring Care and Help Home Care. Care and Help Home Care is a privately-owned personal care provider serving the greater Philadelphia area. “We are excited to welcome the Care and Help team to the […]
BrightStar Care names new chief marketing officer BrightStar Care has promoted Teresa Celmer to chief marketing officer. Prior to her appointment, she had served as the company’s senior vice president of marketing since 2019. “I am thrilled to be stepping into the role of chief marketing officer of BrightStar Care and am expertly positioned to […]
Home-based care’s deal volume remained flat in the fourth quarter of 2022, ending a slow year overall for transactions. The quarter saw at least 24 completed transactions, right on par with Q3’s 25 deals, but was lower than previous years in the home-based care space, according to a report from M&A advisory firm Mertz Taggart. […]
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