Pennant Group, Inc.

The Pennant Group, Inc. (NASDAQ: PNTG) operates as a leading provider of high-quality healthcare services across the United States, serving patients, residents, and clients of all ages with particular focus on the growing senior population. The company's website is located at www.pennantgroup.com.

Pennant operates through two primary reportable segments: home health and hospice services, which generated 77.3% of total revenue, and senior living services, which accounted for 22.7% of revenue during the fiscal year ended December 31, 2025. The home health and hospice segment includes nursing, therapy services, medical social work, home health aide services, hospice care, home care, and geriatric primary and palliative care delivered through 172 agencies. The senior living segment provides assisted living, independent living, and memory care services across 63 communities containing 4,428 total available units.

As of December 31, 2025, Pennant operated 235 total facilities across 16 states including Alabama, Arizona, California, Colorado, Georgia, Idaho, Montana, Nevada, Oklahoma, Oregon, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming. The company employed approximately 9,700 people across its independent operating subsidiaries and service center. Revenue is derived from a diversified payor mix including Medicare at 48.4%, Medicaid at 13.1%, managed care at 15.0%, and private pay and other sources at 23.5%.

Pennant was incorporated as a Delaware corporation in January 2019 and completed a spin-off from The Ensign Group, Inc. on October 1, 2019. The company has grown substantially since 2016, expanding home health and hospice agencies by 341% and senior living units by 39.1% through a combination of organic growth and disciplined acquisitions.

The company's competitive strengths center on its innovative operating model emphasizing local decision-making and peer accountability through a cluster structure, proven track record in acquiring and transforming underperforming operations, superior clinical outcomes with home health agencies averaging 4.2 out of 5 stars, and effective talent recruitment and development programs. Pennant's business model positions it to benefit from favorable demographic trends, industry consolidation opportunities, and the shift toward value-based payment models and lower-cost care settings.