Senior Health Stocks: Mixed Q4 Results
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Senior health stocks, including Pennant Group and BrightSpring Health Services, reported Q4 earnings, with mixed results. Pennants revenues surged 52.6% but missed EPS estimates, while BrightSprings revenue jumped 16.3% and beat forecasts. Chemed and Addus HomeCare missed revenue estimates, leading to stock drops. AdaptHealth, despite a slight revenue dip, rallied after raising guidance. The industry faces challenges like labor shortages and tight reimbursements but benefits from a growing senior population and tech advancements.
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