Pennant Group Inc
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Health Care : Health Care Providers & Services | Small Cap Blend
Company profile

The Pennant Group, Inc. is a provider of healthcare services to patients or residents of all ages, including the growing senior population, in the United States. The Company operates multiple lines of business, including home health, hospice and senior living across, Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. It provides home health and hospice services through approximately 88 agencies and senior living services at approximately 54 communities with approximately 4,127 units in its assisted living, independent living and memory care business. The Company operates through two segments: home health and hospice services, and senior living services. Home health and hospice services segment includes its home health, hospice and home care businesses. Senior living services segment includes its assisted living, independent living and memory care communities.

Closing Price
$10.70
Day's Change
0.29 (2.79%)
Bid
--
Ask
--
B/A Size
--
Day's High
10.76
Day's Low
10.18
Volume
(Heavy Day)
Volume:
160,775

10-day average volume:
121,113
160,775

ADT confirms new investments from State Farm, Alphabet's Google

8:45 am ET September 6, 2022 (MarketWatch)
Print

Shares of ADT Inc. climbed 15.7% in premarket trading Tuesday after the home-security company confirmed that it has secured about $1.65 billion in new investments from insurer State Farm and Alphabet Inc.'s Google to boost product innovation, marketing and customers. The Wall Street Journal had earlier reported about the new investments by State Farm and Google. The investments include $1.2 billion by State Farm to buy about a 15% stake in ADT. And State Farm will commit up to $300 million to fund product innovation, customer growth and marketing. Separately, Google has agreed to commit an additional $150 million, subject to the achievement of certain milestones, to advance opportunities created by product innovation, which would raise Google's total commitment to $300 million. "ADTs partnership with State Farm creates the capability to drive innovation in homeowners insurance on a broad scale. By delivering a truly connected home, together we can improve the customer experience and provide more peace of mind," said ADT Chief Executive Jim DeVries. "These new and expanded partnerships represent another bold step forward for our company and provide ADT more avenues to grow our customer base, strengthen brand loyalty and lower customer acquisition costs." ADT's stock has lost 5.3% over the past three months through Friday while the S&P 500 has declined 4.8%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

September 06, 2022 08:45 ET (12:45 GMT)

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