Trade Pennant Group Inc/The - PNTG CFD

About Pennant Group Inc

The Pennant Group, Inc. is a provider of healthcare services to patients or residents of all ages, including the growing senior population, in the United States. The Company operates multiple lines of business, including home health, hospice and senior living across, Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. It provides home health and hospice services through approximately 88 agencies and senior living services at approximately 54 communities with approximately 4,127 units in its assisted living, independent living and memory care business. The Company operates through two segments: home health and hospice services, and senior living services. Home health and hospice services segment includes its home health, hospice and home care businesses. Senior living services segment includes its assisted living, independent living and memory care communities.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Pennant Group Inc revenues increased 12% to $439.7M. Net income decreased 83% to $2.7M. Revenues reflect Home Health and Hospice Services segment increase of 22% to $309.6M. Net income was offset by General and administrative expense - Bal increase of 14% to $34M (expense), Rent-cost of services increase of 4% to $40.9M (expense).