PNTG

The Pennant Group, Inc. operates as a holding company that provides healthcare services through subsidiaries offering home health, hospice, and senior living services across the United States. Headquartered in Eagle, Idaho, the company was founded in 2019 as a spin-off from The Ensign Group and operates approximately 90 home health and hospice agencies and senior living communities across Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. Pennant's business model centers on a decentralized operational structure, where local leadership teams maintain autonomy in day-to-day operations while receiving support from corporate resources. The company's home health agencies provide skilled nursing, physical therapy, occupational therapy, and speech-language pathology services, while its hospice operations deliver end-of-life care. Its senior living facilities offer independent living, assisted living, and memory care services. Pennant distinguishes itself through its focus on acquiring and operating smaller agencies and communities in non-urban markets, often targeting underperforming operations with potential for operational improvement. The company employs approximately 7,500 people and generates annual revenue exceeding $450 million. Pennant continues expanding its footprint through selective acquisitions and de novo development, adding new agencies and communities to its portfolio while maintaining its emphasis on local leadership and operational excellence.