Pennant Focuses on Recent Additions During… | Stephens

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Institutional Equities and Research

Pennant Focuses on Recent Additions During ‘Uncharacteristically Quiet’ M&A Season | Home Health Care News

Mar 1, 2022

The Pennant Group Inc. fell short of expectations for their fourth-quarter results. The company candidly acknowledged that they did not anticipate the results of Covid-19 to impact the 2021 operations.

“The 4Q earnings shortfall was primarily driven by margin pressure in the core [home health and hospice] segment.” Scott Fidel, managing director of Stephens, wrote in an analyst note. “The [home health and hospice] segment results were specifically adversely impacted by a decline in Hospice ADC.”

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