Senior Health Stocks Q3: Mixed Results, Growth Ahead

Q3 Earnings Season Wrap-Up: Senior Health, Home Health, & Hospice IndustriesThe third quarter earnings season for senior health, home health, and hospice industries showed mixed results. Despite challenges like rising labor costs and staffing shortages, the sector is poised for growth due to an aging population and a preference for in-home care. Innovations like remote monitoring and telehealth are expected to boost efficiency.Among the seven tracked companies, Chemed had a slower quarter, while The Pennant Group stood out with a strong quarter, reporting a twenty-six point eight percent year over year increase. Brookdale Senior Living missed revenue expectations but saw its stock jump nineteen percent. Addus HomeCare had a strong quarter but saw its stock drop nearly five percent. BrightSpring Health Services had a very strong quarter, beating analyst estimates by over five percent, and its stock is up two percent.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.