EAGLE, Idaho, July 11, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, announced today that it has entered into asset purchase agreements to acquire assets of certain affiliates of Signature Healthcare at Home ("Signature") for a combined purchase price of $80,000,000. Signature is a key provider of home health and hospice services in the Pacific Northwest, with multiple locations through ...

Core Insights - The Pennant Group, Inc. has announced the acquisition of assets from Signature Healthcare at Home for a total purchase price of $80 million [1][5] - This acquisition aims to enhance Pennant's operational footprint in the Pacific Northwest, specifically in Washington, Oregon, and Idaho [2][12] Acquisition Details - The acquisition includes locations in Washington (Bellingham, Burlington, Everett, Federal Way), Oregon (seven locations in key population centers), and Idaho (Nampa and Payette) [2][5] - The purchase agreements are subject to customary closing conditions and regulatory approvals, with expected closing dates of August 1, 2024, for Washington and Idaho, and January 1, 2025, for Oregon [5] Strategic Importance - The acquisition is seen as a significant step in Pennant's growth strategy, allowing the company to deepen its presence in key states and leverage Signature's established operations and leadership [3][12] - Signature Healthcare at Home has a strong presence in the Pacific Northwest, employing over 650 staff and generating approximately $78 million in annual revenue [11] Leadership Perspectives - Pennant's leadership expressed confidence in the quality of Signature's operations and the alignment of values between the two companies, emphasizing the potential for professional growth for Signature's staff [6][12] - The acquisition is positioned as a strategic move to enhance operational capabilities and provide opportunities for leadership development within the combined organization [12]

Group 1 - A decisive breakout above 2,335 will indicate strength for gold, with last week's high of 2,388 being critical for a potential weekly breakout [1] - Gold has been trading below the rising parallel trend channel since June 7, which raises the risk of a deeper retracement [1] - A second upside breakout of the channel could continue if momentum is maintained once triggered [1] Group 2 - A bearish pennant pattern will trigger with a drop below the lower boundary, with 2,296 serving as a clearer signal for a potential breakdown [2] - A drop below the three-week low of 2,287 will confirm the bearish breakdown [2] Group 3 - Gold is on track to complete the week as an inside week unless it rallies above last week's high of 2,342 [3] - The current inside week setup indicates price contraction, typically followed by increased volatility [3] - The direction of the price movement will be determined by a breakout of the pennant pattern, with a breakdown being more likely unless support holds and a bullish breakout occurs [3]

Resistance at 2,342 The recent minor swing high of 2,342 defines the top resistance level for the current seven-day consolidation pattern. Therefore, a breakout above the level would provide more confidence than a move above a boundary line. Further, the 50-Day MA (orange) is currently acting as resistance at 2,344. It should be considered along with the 2,342 high as a breakout above both price levels is needed for a bullish signal. Given where the price of gold is sitting relative to the apex of the symme ...

Pennant utilizes a unique locally-driven operating model and has a strong track record of providing best-in-class home health and hospice care. In addition to operational leadership, Pennant will support HHCAH through its world-class service center, which employs over 300 dedicated individuals. To enhance the collaboration with Hartford HealthCare, Pennant announced plans to establish a service center in Connecticut, creating a base of support for New England operations. The service center will provide fina ...

EAGLE, Idaho, June 18, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, announced today that it has entered into a management and consulting services agreement to provide operational support to Hartford HealthCare at Home (HHCAH), the home health and hospice business of Hartford HealthCare. Hartford HealthCare is the highest ranking in quality, comprehensive non-profit integrated health sy ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

EAGLE, Idaho, May 16, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired Nurses on Wheels, Inc. ("Nurses on Wheels"), which provides hospice services in Corpus Christi, Texas and the surrounding communities. "We are excited to expand the reach of our hospice operations in south Texas," said Brent Guerisoli, Chief Executive Officer of Pennant. " ...

EAGLE, Idaho, May 16, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired Nurses on Wheels, Inc. ("Nurses on Wheels"), which provides hospice services in Corpus Christi, Texas and the surrounding communities. "We are excited to expand the reach of our hospice operations in south Texas," said Brent Guerisoli, Chief Executive Officer of Pennant. " ...

Core Insights - The Pennant Group, Inc. will participate in the 2024 RBC Global Healthcare Conference on May 14-15, 2024, with a fireside chat scheduled for May 15 at 9:30 a.m. Eastern Time [1] Company Overview - The Pennant Group, Inc. operates as a holding company for independent subsidiaries providing healthcare services through 112 home health and hospice agencies and 53 senior living communities across various states including Arizona, California, and Texas [2] - Each subsidiary operates independently with its own management, employees, and assets, indicating a decentralized operational structure [2]