Hospice News July 18, 2024
Home health and hospice provider The Pennant Group (NYSE: PNTG) has been fueling expansion with a series of acquisitions and new partnerships.
Most recently, The Pennant Group agreed to acquire Signature Healthcare at Home’s hospice and home health assets for a price tag of $80 million. The transaction involves two separate purchase agreements, with one projected to complete by August 1 and the other by January 1, pending customary closing conditions and regulatory approval processes.
The Signature deal was five years in the making, according to the company’s President and COO John Gochnour. The Pennant Group purchased some of Signature’s assets in 2019. As some leaders from Signature began to reach retirement age, they began considering a potential sale.
“We...
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