PNTG · The Pennant Group, Inc.

Pennant Group reported strong first quarter 2026 results, with total revenue increasing 36.0% to $285.4 million, driven by a 43.3% surge in home health and hospice services revenue to $229.1 million. The home health segment saw total admissions rise 62.7% and Medicare admissions increase 75.1%, reflecting the impact of recent acquisitions in the southeast. Hospice average daily census grew 37.0% to 5,199. Senior living revenue rose 12.6% to $56.3 million, with average occupancy improving 10 basis points to 78.6% and average monthly revenue per occupied room up 3.8% to $5,388. GAAP net income attributable to Pennant was $8.5 million, up 9.6% year-over-year, while adjusted net income reached $11.5 million, up 19.8%. Consolidated Adjusted EBITDA grew 32.6% to $21.7 million. Management highlighted strong operational execution across both segments, with mature operations showing margin improvement despite a 1.3% home health reimbursement cut. The integration of acquired operations is progressing as expected, with two of five waves fully transitioned and total census above acquisition levels. The company did not provide forward guidance in the release.