The Pennant Group (NASDAQ: PNTG) expects emerging rebounds in skilled nursing and assisting living — and its pipeline of forthcoming acquisitions — to offset the impact of continuing labor headwinds. The company reduced its guidance for calendar year 2022 in the wake of falling hospice lengths of stay, rising wages, the return of Medicare sequestration, and a slower rate of census growth than executives had anticipated. Meanwhile, Pennant expects acquisitions to remain an engine for growth in the coming year.
Read the full article: M&A, Referral Uptick to Bolster Pennant amid Labor, Census Headwinds //
Source: https://hospicenews.com/2022/11/08/ma-referral-uptick-to-bolster-pennant-amid-labor-census-headwinds