The Pennant Group Appoints Barry Smith as Chairman and Brent Guerisoli as Director
February 28 2023 - 4:05PM
The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the
Pennant group of affiliated home health, hospice and senior living
companies, today announced the appointment of Barry Smith as
Chairman of its board of directors and Brent Guerisoli as a member
of its board of directors.
Mr. Smith has served on Pennant’s board since
2021. He previously served as Chairman and CEO of Magellan Health,
Inc., the nation’s largest provider of behavioral health services
and a leading provider of pharmacy benefit management services,
from 2013 to 2019, and as Chairman, President and CEO of VistaCare,
a national hospice provider, from 1996 to 2002. “Barry is a
talented leader with deep knowledge of Pennant’s culture, its
industry, and its people,” said Daniel Walker, Pennant’s current
Chairman of the Board. “Barry’s judgment, experience and
relationship-building skills are exceptional. Pennant will benefit
from his Chairmanship and leadership on the Board.”
Mr. Smith succeeds Mr. Walker, who has served as
Pennant’s Chairman since its inception as an independent public
company in 2019. In 2022, Mr. Walker stepped down from his role as
CEO of the Company in consideration of his family circumstances, to
pursue charitable causes, and to create space for the next
generation of Pennant leaders. In furtherance of those same goals,
Mr. Walker has now chosen to formally step away from Pennant’s
board. “The organization and the team are in the ideal place to
move forward without my continued involvement. I look forward to
focusing on family and charitable endeavors, which I expect to
require my full time attention,” said Mr. Walker.
Pennant’s board also announced the appointment
of Brent Guerisoli, Pennant’s CEO, to its board. “In more than a
decade with Pennant, I have had the opportunity to lead an
individual operation, cluster, market and company while also
supporting the service center,” Mr. Guerisoli stated. “In every
part of my Pennant journey, I have seen the incredible impact of
individual leaders united by our mission, culture and operating
principles. I look forward to joining Barry on the board and
working closely with these distinguished leaders to drive the
organization forward.”
Mr. Smith’s and Mr. Guerisoli’s appointments are
effective today, February 28, 2023. Mr. Guerisoli will serve as a
Class I director eligible for reelection in 2023. He will serve on
the Board’s Quality and Compliance Committee. The number of
directors on Pennant’s board will remain unchanged at eight.
About Pennant
The Pennant Group, Inc. is a holding company of
independent operating subsidiaries that provide healthcare services
through 95 home health and hospice agencies and 49 senior living
communities located throughout Arizona, California, Colorado,
Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah,
Washington, Wisconsin and Wyoming. Each of these businesses is
operated by a separate, independent operating subsidiary that has
its own management, employees and assets. References herein to the
consolidated "company" and "its" assets and activities, as well as
the use of the terms "we," "us," "its" and similar verbiage, are
not meant to imply that The Pennant Group, Inc. has direct
operating assets, employees or revenue, or that any of the home
health and hospice businesses, senior living communities or the
Service Center are operated by the same entity. More information
about Pennant is available at www.pennantgroup.com.
Contact Information
The Pennant Group, Inc.(208)
506-6100ir@pennantgroup.com
SOURCE: The Pennant Group, Inc.
Pennant (NASDAQ:PNTG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pennant (NASDAQ:PNTG)
Historical Stock Chart
From Jul 2023 to Jul 2024