EAGLE, Idaho, December 23, 2021 (GLOBE NEWSWIRE) – The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of Pennant Group of affiliated home care, palliative care and senior residences companies, today announced that Mr. Roderic W. Lewis has informed the Board of Directors (the âBoardâ) of his intention to retire as a director of the Company effective December 31, 2021. The Company has also announced that the board has appointed Gregory K. Morris, MD to fill the seat vacated by Mr. Lewis effective January 1, 2022.
“Rod’s in-depth experience in corporate governance and complex strategic transactions has been essential as we complete the spin-off of Ensign and begin our journey as a stand-alone public company,” commented Daniel Walker, CEO and Chairman of the Board of Directors of Pennant. “We are more than grateful for his service to our organization and wish him the best for the next chapter.”
Mr. Morris is a partner of MorrisHuml LLC, a consulting firm that supports Fortune 1000 companies across all industry sectors, where his areas of interest include strategy implementation, strategic alignment, mitigation of potential risks and culture formation through learning by doing. Prior to MorrisHuml, he was a partner at Morris & Gunter Associates, LLC. He was Senior Vice President in charge of Strategy and Business Development for Advocate Health Care, as well as Vice President of Cap Gemini Ernst & Young and Senior Partner at Ernst & Young. His insurance background includes the roles of Senior Vice President of Healthcare Delivery and Corporate Medical Director for the Blue Cross National Capital Region and Blue Shield, Eastern Region Medical Director. for MetLife and Medical Director for CIGNA Healthcare of Georgia. He reached the rank of Major in the Army National Guard / US Army and received the Bronze Star. Mr. Morris graduated from Morehouse College and received his MD from Emory University School of Medicine.
Commenting on the appointment of Mr. Morris, Mr. Walker said: âWe are delighted to welcome Greg to the Board. He brings a wealth of knowledge in leadership development, culture development and strategic execution that closely aligns with our unique operating model, and his extensive professional training to thousands of leaders will bring significant value to local Pennant leaders. He also has essential knowledge from extensive experience in healthcare and business. We look forward to welcoming you to our organization.
Upon his appointment to the Board, Mr. Morris will serve on the Quality Assurance and Compliance Committee along with Ms. JoAnne Stringfield (Chair), Mr. Christopher Christensen, Mr. Barry Smith and Mr. Walker. Mr. Morris will serve as a Class II director with an initial term ending in 2024. The board has determined that Mr. Morris is independent under applicable Nasdaq stock market rules, resulting in six of the eight directors of the board are independent.
The Pennant Group, Inc. is a holding company of independently operating subsidiaries that provide health services through 88 home and hospice care agencies and 54 senior communities located in Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. Each of these businesses is operated by a separate and independent operating subsidiary with its own management, employees and assets. References herein to the âCompanyâ and âitsâ consolidated assets and operations, as well as the use of the terms âweâ, âourâ, âitsâ and similar verbiage, do not imply that The Pennant Group, Inc. has direct operating assets, employees or revenues, or only one of the home and hospice care companies, senior residences or service center is operated by the same entity. More information about Pennant is available at www.pennantgroup.com.
SOURCE: The Pennant Group, Inc.
Contact Information The Pennant Group, Inc. (208) 506-6100 [email protected]