PNTG News & Events

The Centers for Medicare & Medicaid Services announced it is "taking decisive action to protect Medicare beneficiaries and taxpayer dollars" through implementation of a six-month, nationwide data-driven moratoria on new Medicare enrollment for hospices and home health agencies. "The moratoria will allow CMS to temporarily halt the influx of new providers into these high-risk categories-a key source of fraudulent activity. Today's move continues the Trump Administration's crackdown on fraud, waste, and abuse in the Medicare program by stopping improper billing and preventing bad actors from entering the system," CMS stated. Publicly traded hospice and home health agency operators include Amedisys (AMED), Enhabit (EHAB), Addus HomeCare (ADUS), Pennant Group (PNTG), BrightSpring Health (BTSG) Aveanna (AVAH) and Ensign Group (ENSG).

Reports Q1 revenue $285.4M, consensus $281.1M. The company said, "Pennant is off to a strong start in 2026. After a year of dramatic expansion, we are driving operational excellence across both segments, including at our newly-acquired operations in the southeast, even as we complete their integration. That process is unfolding in line with our expectations, and we now have two of five waves of operations fully transitioned, leaders in place across the acquired agencies, and a total census above acquisition levels. When paired with the momentum in our mature businesses, we have the ingredients for a successful year."