The Pennant Group Inc. (Nasdaq: PNTG) announced that a subsidiary of Cornerstone Healthcare Inc. — its home health and hospice portfolio company — has agreed to form a home health joint venture with San Diego-based Scripps Health, a nonprofit health system. The deal is expected to be finalized in the third quarter of 2020. The […]
The Pennant Group
AlayaCare announced Friday it has acquired Procura, a division of Complia Health and one of AlayaCare’s largest global competitors. Separately, The Pennant Group (Nasdaq: PNTG) also announced an acquisition of its own. For AlayaCare, the newly announced deal continues the Montreal-based company’s aggressive growth strategy and lays the groundwork for 2020, founder and CEO Adrian […]
From the monumental Patient-Driven Groupings Model (PDGM) and the unexpected pre-payment phaseout to the expanding Review Choice Demonstration (RCD), 2019 was a whirlwind year for the home health industry. Those three regulatory hurdles — and other changes — likely set up an even more chaotic year in 2020. Home health industry insiders and top executives […]
More than 10 years after the concept for The Pennant Group (Nasdaq: PNTG) came to be, The Ensign Group (Nasdaq: ENSG) spinoff has finally made its way to fruition. The deal was completed on Oct. 1, meaning Ensign’s former home health, hospice and senior living businesses are now part of the new publicly traded company. […]
Addus completes Hospice Partners of America deal Addus HomeCare Corporation (Nasdaq: ADUS) has completed its purchase of Hospice Partners of America. The Frisco, Texas-based at-home care company bought the multi-state hospice provider for $130 million cash — $118.4 million of which was in value and $11.6 million was in estimated tax benefits, according to a […]
The Ensign Group Inc. (Nasdaq: ENSG) announced Monday that it has named Jennifer L. Freeman to serve as chief financial officer of The Pennant Group Inc., the planned spinoff company launched from Ensign’s home health, hospice and senior living businesses. Freeman is an Ensign veteran, having joined the company earlier this year as CFO of […]
Mission Viejo, California-based The Ensign Group Inc. (Nasdaq: ENSG) unveiled plans Monday to spin off its home health, hospice and senior living businesses into The Pennant Group, a separate publicly traded company. Expected to close by the end of 2019, the Pennant spinoff will consist of 60 home health and hospice agencies and 51 senior […]
The number of publicly traded home health companies in operation may soon rise by one, as The Ensign Group Inc. (Nasdaq: ENSG) signaled Monday its intent to spin off and grow a separate business under the name The Pennant Group Inc. Plans for the spinoff — expected to close toward the end of 2019 — […]
Subscribe
Receive industry updates and breaking news from HHCN