Latest news with #Pennant
Yahoo
16-05-2025
- Business
- Yahoo
The Pennant Group Appoints Suzanne Snapper as Director
EAGLE, Idaho, May 16, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced the appointment of Suzanne D. Snapper to its board of directors following her election by a vote of shareholders in connection with the Company's annual shareholder meeting. Ms. Snapper is the Chief Financial Officer of the Ensign Group, Inc. ('Ensign') (NASDAQ: ENSG), a leading publicly-traded provider of skilled nursing services. In this role, which Ms. Snapper has held since 2009, Ms. Snapper is responsible for Ensign's accounting, finance, information technology, tax, internal controls, investor relations, managed care, treasury and finance risk management functions. Ms. Snapper has served as a member of Ensign's board of directors since 2022. Prior to Ensign, Ms. Snapper acquired additional invaluable experience in financial management and reporting while employed at KPMG from 1996 to 2007. Ms. Snapper is a certified public accountant. 'Suzanne is a highly skilled and experienced health care leader who will add tremendous value to our organization,' said Brent Guerisoli, Pennant's Chief Executive Officer and Chairman. 'I am excited to have the benefit of her insights on our Board. Suzanne brings cutting edge expertise in financial matters, investor relations, and more. In addition, she deeply understands the culture and operating model that Pennant shares with Ensign. She is someone I trust and admire, and I look forward to working more closely with her.' Ms. Snapper succeeds JoAnne Stringfield, who served on Pennant's board from 2019 to 2025. Ms. Stringfield resigned at the end of her term to pursue other interests and to facilitate Ms. Snapper's appointment. 'We are so grateful to JoAnne for the support she has given to Pennant as a founding member of its board of directors,' said Mr. Guerisoli. 'JoAnne has been a dedicated and committed director whose contributions to the Company have been significant. We thank her for her service and wish her the best in her future endeavors.' Ms. Snapper's appointment is effective today, May 16, 2025. She will serve as a Class III director eligible for reelection in 2028. The number of directors on Pennant's board will remain unchanged at eight. About Pennant: The Pennant Group, Inc. is a holding company of independent operating subsidiaries that provide healthcare services through 137 home health and hospice agencies and 60 senior living communities located throughout Arizona, California, Colorado, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. Each of these businesses is operated by a separate, independent operating subsidiary that has its own management, employees and assets. References herein to the consolidated "company" and "its" assets and activities, as well as the use of the terms "we," "us," "its" and similar verbiage, are not meant to imply that The Pennant Group, Inc. has direct operating assets, employees or revenue, or that any of the home health and hospice businesses, senior living communities or the Service Center are operated by the same entity. More information about Pennant is available at Contact Information The Pennant Group, Inc.(208) 506-6100ir@ SOURCE: The Pennant Group, in to access your portfolio
Yahoo
07-05-2025
- Business
- Yahoo
UnitedHealth, Amedisys reach new deal to sell home health and hospice locations if merger approved
This story was originally published on Healthcare Dive. To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter. Dive Brief: Amedisys and UnitedHealth have inked a new deal to sell some home care and hospice centers as the companies work to get their merger over the finish line. The firms have agreed to divest centers to Louisville, Kentucky-based BrightSpring Health Services and Eagle, Idaho-based Pennant Group, Amedisys said in a securities filing last week. Financial terms weren't disclosed, but Pennant said the price for its purchase was $102.5 million in its own filing. The sales are contingent on the closure of UnitedHealth's acquisition of Amedisys, which has been held up by regulators over anticompetitive concerns. Last month, a judge scheduled the companies to go into mediation with the Department of Justice on Aug. 18. Dive Insight: UnitedHealth's health services unit Optum notched the $3.3 billion deal to acquire Amedisys in summer 2023, beating out Option Care Health to buy the Baton Rogue, Louisiana home care provider. But the deal faced a setback late last year when the DOJ sued to block the acquisition, arguing the purchase would allow UnitedHealth to control 30% or more of the home health or hospice market in eight states. The regulator noted the healthcare giant had already acquired Amedisys' competitor LHC Group in 2023. In a bid to appease regulators, UnitedHealth and Amedisys, which deny the DOJ's claims that the merger would negatively impact patients, have moved to divest assets. Last summer, the companies said they would sell some medical centers to VCG Luna, a subsidiary of Texas home health and hospice company VitalCaring Group. However, that deal was scrapped in January, according to a securities filing. Now, the firms are again looking to divest home health and hospice assets, this time to Pennant and BrightSpring. Pennant provides home health and hospice services through more than 120 affiliated agencies, operating in 13 mostly Western states. A Pennant spokesperson said the firm would complete its deal shortly after the UnitedHealth and Amedisys merger closes, though the company can't predict when that could happen. Meanwhile, BrightSpring, which went public early last year, runs home care and pharmacy services in all 50 states. The firm is also fairly acquisitive, completing eight purchases in its provider and pharmacy segments last year, according to a securities filing. During an earnings call last week, BrightSpring CEO Jon Rousseau said the latest purchase is 'very in line with our acquisition philosophy' and the company has 'essentially no geographical overlap' with the locations in the deal.
Yahoo
03-05-2025
- Sport
- Yahoo
Rhode Island FC to play San Antonio FC in home opener
PAWTUCKET, R.I. (WPRI) — The day is finally here: Rhode Island FC is playing its inaugural game at its new stadium in Pawtucket. Rhode Island is set to face San Antonio FC in front of a sold-out crowd at Centreville Bank Stadium. The match kicks off at 4 p.m. on myRITV. The defending USL Eastern Conference Champions will hold a special banner-raising ceremony before kickoff, and the first fans to arrive will also get a free Captain's Pennant. Anyone who's attending is encouraged to get to the stadium early. What to know if you're heading to Rhode Island FC's home opener RIFC played its first seven games of the season on the road and are 3-1 in USL play this season. San Antonio is currently first in the Western Conference standings and has already beaten the defending USL champion Colorado Springs Switchbacks FC. Download the and apps to get breaking news and weather alerts. Watch or with the new . Follow us on social media: Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
25-04-2025
- Business
- Yahoo
We Ran A Stock Scan For Earnings Growth And Pennant Group (NASDAQ:PNTG) Passed With Ease
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. A loss-making company is yet to prove itself with profit, and eventually the inflow of external capital may dry up. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Pennant Group (NASDAQ:PNTG). Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. In the last three years Pennant Group's earnings per share took off; so much so that it's a bit disingenuous to use these figures to try and deduce long term estimates. As a result, we'll zoom in on growth over the last year, instead. Pennant Group's EPS shot up from US$0.45 to US$0.65; a result that's bound to keep shareholders happy. That's a commendable gain of 45%. It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. While we note Pennant Group achieved similar EBIT margins to last year, revenue grew by a solid 28% to US$695m. That's progress. The chart below shows how the company's bottom and top lines have progressed over time. To see the actual numbers, click on the chart. See our latest analysis for Pennant Group In investing, as in life, the future matters more than the past. So why not check out this free interactive visualization of Pennant Group's forecast profits? It should give investors a sense of security owning shares in a company if insiders also own shares, creating a close alignment their interests. Pennant Group followers will find comfort in knowing that insiders have a significant amount of capital that aligns their best interests with the wider shareholder group. Indeed, they hold US$35m worth of its stock. That shows significant buy-in, and may indicate conviction in the business strategy. While their ownership only accounts for 3.9%, this is still a considerable amount at stake to encourage the business to maintain a strategy that will deliver value to shareholders. It means a lot to see insiders invested in the business, but shareholders may be wondering if remuneration policies are in their best interest. Our quick analysis into CEO remuneration would seem to indicate they are. The median total compensation for CEOs of companies similar in size to Pennant Group, with market caps between US$400m and US$1.6b, is around US$3.9m. Pennant Group offered total compensation worth US$2.6m to its CEO in the year to December 2024. That seems pretty reasonable, especially given it's below the median for similar sized companies. CEO compensation is hardly the most important aspect of a company to consider, but when it's reasonable, that gives a little more confidence that leadership are looking out for shareholder interests. It can also be a sign of good governance, more generally. You can't deny that Pennant Group has grown its earnings per share at a very impressive rate. That's attractive. If you need more convincing beyond that EPS growth rate, don't forget about the reasonable remuneration and the high insider ownership. Everyone has their own preferences when it comes to investing but it definitely makes Pennant Group look rather interesting indeed. We should say that we've discovered 1 warning sign for Pennant Group that you should be aware of before investing here. While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in the US with promising growth potential and insider confidence. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
Downtown Topeka staff rally following cancer diagnosis
TOPEKA (KSNT) – A downtown Topeka bar, arcade and restaurant is taking a moment to give back following a health tragedy for a local family. The Pennant's General Manager, Todd Renner, recently found out his wife, Dani, has a form of aggressive and rare cancer. Over the weekend, the Pennant's social media page said she's undergoing six round of chemotherapy with the hope of surgery in the future. To support the Renner family, the Pennant is hosting a dining give back day Saturday, April 19. The post states that 10% of the total sales will go directly towards the cost of treatment, second opinions and travel for Dani and the Renner family. The Pennant has hosted give back events in the past for the Helping Hands Humane Society, Topeka Civic Theater and other local organizations. Pottawatomie County honors 50 local vets for service and sacrifice Giving back to support one of their own through such an incredibly difficult time was an easy decision for staff. 'We're definitely who we are here at the Pennant because of Todd,' Pennant Bar Manager Bill Franks said. 'He has established the culture throughout the building here. Through the staffing, how we relate to each other, how we relate to the guest that we have in the building and just how we relate to the community in general.' In addition to Saturday's give back day, you can support Dani and the rest of the Renner family through a gofundme here. For more local news, click here. Keep up with the latest breaking news in northeast Kansas by downloading our mobile app and by signing up for our news email alerts. Sign up for our Storm Track Weather app by clicking here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
