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. The company has also established a standard for new acquisitions. In general, Pennant’s strategy has been to acquire and turn around underperforming operations. New acquisitions must now contribute meaningfully to earnings no later than the ninth quarter post-acquisition.
Read the full article: Pennant Hits All-Time High Home Health Census, Sets Goals for Newly Acquired Assets //
Source: https://homehealthcarenews.com/2023/05/pennant-hits-all-time-high-home-health-census-sets-goals-for-newly-acquired-assets