The Pennant Group, Inc. (NASDAQ:PNTG) Q3 2022 Results Conference Call November 8, 2022 12:00 PM ET

Company Participants

Derek Bunker - Chief Investment Officer

Brent Guerisoli - CEO

John Gochnour - President

Jen Freeman - CFO

Conference Call Participants

Tao Qiu - Stifel

Scott Fidel - Stephens

Operator

Good day, and thank you for standing by. Welcome to The Pennant Group Conference Call. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Derek Bunker. Please go ahead.

Derek Bunker

Thank you, Cory, and welcome, everyone. Thank you for joining us today.

Here with me today are Brent Guerisoli, our CEO; John Gochnour, our President; and Jen Freeman, our CFO. Before we begin, I have a few housekeeping matters. We filed our earnings press release and 10-Q yesterday. This announcement is available on the Investor Relations section of our website at www.pennygroup.com. A replay of this call will also be available on our website until 5 p.m. Mountain Time on Friday, December 9, 2022. We want to remind anyone that may be listening to a replay of this call that all statements made are as of today, November 8, 2022, and these statements have not been nor will be updated subsequent to today’s call.

Also, any forward-looking statements made today are based on management’s current expectations, assumptions and beliefs about our business and the environment in which we operate. These statements are subject to risks and uncertainties that could cause our actual results to materially differ from those expressed or implied on today’s call. Listeners should not place undue reliance on forward-looking statements and are encouraged to review our SEC filings for a more complete discussion of factors that could impact our results. Except as required by federal securities laws, Pennant and its affiliates do not undertake to publicly update or revise any forward-looking statements where changes arise as a result of new information, future than changing circumstances or for any other reason.

In addition, the Pennant Group is a holding company with no direct operating assets, employees or revenues. Certain of our independent subsidiaries, collectively referred to as a service center, provide accounting, payroll, HR, IT, legal, risk management and other services to the other operating subsidiaries through contractual relationships with [indiscernible]. The words Pennant, company, we, our and us refer to the Pennant Group, Inc. and its consolidated subsidiaries. All of our operating subsidiaries and the service center are operated by separate, independent companies that have their management employees and assets. References herein to the consolidated company and its assets and activities as well as the use of the terms we have in our and similar terms used today are not meant to imply nor should it be construed as meaning that -- the Pennant Group has direct operating assets, employees or revenue or that any of the subsidiaries are operated by the 10 Group.