Pennant Group appoints new board director

EAGLE, Idaho - The Pennant Group, Inc. (NASDAQ: PNTG), a network of affiliated home health, hospice, and senior living services, announced today the election of Suzanne D. Snapper as a new board director. Snapper, the CFO of The Ensign Group, Inc. (NASDAQ: ENSG), joins Pennant’s board following a shareholder vote at the company’s annual meeting. Under Snapper’s financial leadership, Ensign has demonstrated strong performance, with InvestingPro data showing a 23.6% stock return over the past year and revenue reaching $4.42 billion in the last twelve months.

With a tenure at Ensign since 2009, Snapper has been instrumental in overseeing various financial and operational functions, including accounting, finance, IT, and investor relations. Her experience also extends to serving on Ensign’s board since 2022 and previous financial roles at KPMG from 1996 to 2007. As a certified public accountant, her expertise is expected to contribute significantly to Pennant’s strategic direction. According to InvestingPro, Ensign maintains a "GREAT" financial health score of 3.12, reflecting strong operational performance under her financial leadership.

Pennant’s CEO, Brent Guerisoli, expressed confidence in Snapper’s abilities, citing her deep understanding of the financial landscape within healthcare and her alignment with the company’s culture and operating model. Guerisoli also acknowledged the contributions of JoAnne Stringfield, who Snapper succeeds. Stringfield, a founding member of the board, resigned after serving since 2019 to pursue other interests.

Snapper’s appointment is effective immediately, and she will serve as a Class III director with eligibility for reelection in 2028. The total number of directors on Pennant’s board remains at eight.

The Pennant Group operates 137 home health and hospice agencies and 60 senior living communities across multiple states, with each entity managed independently. This announcement is based on a press release statement from The Pennant Group, Inc.

In other recent news, Ensign Group reported its first-quarter 2025 earnings, exceeding Wall Street expectations with an adjusted earnings per share of $1.52, compared to the forecasted $1.49. The company’s revenue reached $1.2 billion, aligning with projections and marking a 16.1% year-over-year increase. Ensign Group also expanded its operations into four new states, enhancing its market presence. The company maintained a robust cash position with $282.7 million in cash and equivalents. Ensign Group has projected its 2025 earnings per share to be between $6.22 and $6.38, with anticipated annual revenue ranging from $4.89 billion to $4.94 billion. The company expects ongoing acquisition opportunities and is monitoring potential Medicaid policy changes that could impact operations. Analysts have not provided any upgrades or downgrades, but the company’s strategic expansion and focus on operational excellence have contributed to its positive performance.

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