Pennant Group - McKnight's Senior Living

Pennant Group

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Confluence of COVID-19, winter storms led to ‘historic, unique’ quarter: Pennant Group

The confluence of COVID-19 cases peaking in January across the country and a severe winter storm in Texas during the first quarter had a noticeable effect on The Pennant Group’s senior living segment. But Chairman and CEO Daniel Walker said during a first-quarter earning call on Friday that the “historic and unique quarter” also provided an opportunity to further develop its leadership teams.

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Pennant puts acquisitions on hold for senior living but not home health, hospice

In the midst of a “challenging operating environment” for senior living, The Pennant Group does not plan to allocate capital for acquisitions in the sector in the near term “as our leaders focus their efforts on navigating the challenges of the pandemic and driving improved results in our existing buildings,” Chairman and CEO Danny Walker said Thursday on the holding company’s fourth-quarter and full-year 2020 earnings call.

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