The Pennant Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 28, 2024 at 04:17 pm
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The Pennant Group, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 544.89 million compared to USD 473.24 million a year ago. Net income was USD 13.38 million compared to USD 6.64 million a year ago.
Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.44 compared to USD 0.22 a year ago.
The Pennant Group, Inc. is a holding company of independent operating subsidiaries. The Company operates multiple lines of business, including home health, hospice, and senior living. It operates through two segments: home health and hospice services and senior living services. The home health and hospice services segment includes its home health, home care and hospice businesses. The senior living services segment includes the operation of assisted living, independent living and memory care communities. Its senior living operations provide a variety of services tailored to its residents' needs, including residential accommodations, activities, meals, housekeeping and assistance in the activities of daily living to seniors. The Company provides healthcare services through 113 home health and hospice agencies and 54 senior living communities located throughout Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming.