The Pennant Group (PNTG) investor relations material

Company overview and strategy

• Operates in home health, hospice, and senior living across 14 states, focusing on local leadership and entrepreneurial models for growth.

• Recent expansion includes a significant acquisition of Amedisys assets in Tennessee, Georgia, and Alabama, marking entry into the Southeast.

• Growth is driven by disciplined acquisitions, organic development, and a focus on empowering local leaders through training and accountability networks.

• Joint ventures, such as with Hartford HealthCare and University of Tennessee Medical Center, are key to market entry and brand recognition.

• The company is agnostic to service lines, investing where leadership and opportunity align, including home health, hospice, and senior living.

Recent acquisitions and integration

• The Amedisys asset acquisition is expected to close in early Q4, providing a strategic foothold in the Southeast.

• Integration plans include building shared services and a new service center in the Southeast to support operations and future expansion.

• Transition services agreements will facilitate a smooth handover, with infrastructure development focused on accountability to local operators.

• Previous successful integration of Signature Healthcare at Home provides confidence in replicating results with new acquisitions.

Regulatory environment and mitigation strategies

• Facing a proposed 6.5% CMS reimbursement cut, the company is preparing operationally by improving efficiencies, managing labor, and leveraging technology.

• Industry-wide lobbying and legislative efforts are underway to counteract the proposed cuts, with contingency plans for both administrative and legislative outcomes.

• The company has weathered previous reimbursement cycles and remains committed to home health as a core part of healthcare delivery.

• Operational levers include technology adoption, labor management, and optimizing referral and service mix to offset potential revenue impacts.