Occupancy and revenue grew for The Pennant Group (Nasdaq: PNTG) in the third quarter of 2023 – and operational flexibility is a big reason why, according to the company’s top leader. Average occupancy for Pennant’s 51 senior living communities registered at 78.9% in the third quarter of 2023, an increase of 240 basis points over […]
The Pennant Group
Margins and occupancy are on the upswing for Pennant Group (Nasdaq: PNTG), and CEO Brent Guerisoli believes the company’s focus on cultivating “local CEOs” at the community level is a big reason why. Occupancy for Pennant’s 36 senior living communities ticked up to 78% in the second quarter of 2023, reflecting a gain of 150 […]
Pennant Names Finds CFO in Fast Food Industry The Pennant Group (Nasdaq: PNTG) announced that fast-food veteran Lynette Walbom took over as its chief financial officer on May 22. Walbom most recently served as VP of financial reporting & tax for fast food chain Raising Cane’s Restaurants, which operates in 35 states. It doubled in […]
Priority Life Care Names Culinary Director Priority Life Care announced it has named Brian Gallo to the position of Corporate Director of Culinary Experiences where he will be in charge of enhancing the culinary experiences of PLC’s communities. With more than two decades in the hospitality/health care industry, Callo joined PLC about six years ago. […]
After recently undergoing corporate management team changes, Pennant Group (Nasdaq: PNTG) CEO Brent Guerisoli sees developing leaders at the local level across its portfolio as the company’s “number one priority” for 2023. “Our model thrives when local leaders use their freedom within a framework of accountability to operate as owners and drive exceptional performance clinically, […]
Tim Nelson is a senior living veteran, having spent time with Pennant Group (NASDAQ: PNTG) and Ensign Group (NASDAQ: ENSG). Now, he is leading a new senior living venture with the goal of building a company that will last years into the future. Nelson is co-principal leading Olympus Retirement Living, the private-pay senior living brand […]
The Pennant Group (Nasdaq: PNTG) is going through changes in the C-suite. The Eagle, Idaho-based senior living, home health and hospice provider is seeking a new CFO, while its chief investment officer (CIO) is stepping down. Pennant’s independent operating subsidiaries include 49 senior living communities and 94 home health and hospice agencies. Current CFO Jennifer […]
Since becoming CEO of Pennant Group (Nasdaq: PNTG) in August 2022, Brent Guerisoli has been focused on one area above all else: leadership. “We don’t really see ourselves as a health care provider or a senior living provider only — we see ourselves as a world-class leadership organization,” Guerisoli said during a recent SHN+ TALKS […]
Over the past two weeks, executives of publicly traded senior living companies shared quarterly earnings results. I was particularly struck by the words of Welltower (NYSE: WELL) CEO Shankh Mitra, who called the company’s second-quarter results “mediocre at best.” We’re used to CEOs taking pains to stress the positives in earnings, and there were positives […]
The Pennant Group (NASDAQ: PNTG) bought its first owned senior living asset earlier this year — and there may be more strategic acquisitions on the way. In fact, the company is “to a brisk pace of strategic acquisition that will propel our growth over the next several years and beyond,” said Brent Guerisoli, who took […]
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