The Pennant Group, Inc.

Good day, and thank you for standing by. Welcome to the Pennant Group first quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. To ask a question during the session, you will need to press star, then 1 on your telephone. If you require any further assistance, please press star, then 0. I would now like to hand the conference over to your speaker today, Mr. Derek Bunker. Please go ahead.

Thanks, Tanya. Welcome, everyone, and thank you for joining us today. Here with me today I have Danny Walker, our CEO, Brent Garasoli, our president, Jen Freeman, our CFO, and John Gochner, our COO. Before we begin, I have a few housekeeping matters. We filed our earnings press release in 10-Q yesterday. This announcement is available on the investor relations section of our website at www.pennantgroup.com. A replay of this call will also be available on our website until 5 p.m. Mountain Time on Friday, June 3rd, 2022. We want to remind anyone that may be listening to a replay of this call that all statements made are as of today, May 10th, 2022, and these statements have not been nor will they 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 events, changing circumstances, or for any other reason. In addition, the Pennant Group Inc. is a holding company with no direct operating assets, employees, or revenues. Certain of our independent subsidiaries, collectively referred to as the service center, provide accounting, payroll, human resources, information technology, legal, risk management, and other services to the other operating subsidiaries through contractual relationships with such subsidiaries. The words pennant, company, we, our, and us refer to the Pennant Group, Inc., and its consolidated subsidiaries. All of our operating subsidiaries in the service center are operated by separate independent companies that have their 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, our, and similar terms used today, are not meant to imply, nor should it be construed as meaning that the tenant group Inc. has direct operating assets, employees, or revenue, or that any of the subsidiaries are operated by the tenant group. Also, we supplement our GAAP reporting with non-GAAP metrics. When viewed together with our GAAP results, we believe that these measures can provide a more complete understanding of our business. They should not be relied upon to the exclusion of GAAP reports. A Gap to Non-Gap Reconciliation is available in yesterday's press release and available in our 10Q. And with that, I'll turn the call over to Danny Walker, our CEO. Danny?

Thank you, Derek, and welcome, everyone, to our first quarter 2022 earnings call. Thank you for joining us today to discuss our quarterly results. We are pleased with the step forward, the results this quarter represent. Although the quarter was still negatively impacted by the Omicron variant and our local leaders across the organization faced the uncertainties there, we were able to execute through the difficulties and make a meaningful step forward. While lingering headwinds and inflationary pressures remain to be effectively navigated, the momentum is building on a solid foundation that comes from adherence to our unique operating model and core values. This discipline adherence to culture is what enables us to weather storms and deliver both short-term and long-term results. With that in mind, I want to take a moment and compliment our leaders, including those that are in the room with me today, for the tremendous work to move the organization forward clinically and financially through a rigorous commitment to our culture. This commitment to culture and recommitment when necessary is the foundation of our strategy within the marketplace. and the greatest reason for hope in the future, regardless of the operating conditions we face. While I'm proud of the progress that has been made to this point in our history, we are just scratching the surface of our enormous potential, and there is a long and exciting road ahead, and I am more confident than ever in the slate of leaders that will write that story of Pennant in the years to come. These leaders have been shaped by the difficulties that we've experienced in the recent past as a new public company facing a global pandemic, and they have stepped forward remarkably as we turn to the future with resolve and collective wisdom born of experience. A bright future lies ahead, and the results of this quarter are a tribute to those leaders, and our hope in the future is reflective of our confidence in their ability to help lead the organization forward adhering to our unique operating model animated by the strength of our core values. And I'm deeply, deeply grateful. With that, I'll ask Brent to provide details of our quarterly results, and he'll take it from there.