Senior Housing News February 28, 2025
The Pennant Group (NASDAQ: PNTG) is executing on acquisitions as the company’s senior living segment is on the “ascent,” according to CEO Brent Guerisoli.
Earlier this month, Pennant closed on three senior living transactions, acquiring one property in Idaho and two in Texas in triple-net lease agreements with an option to purchase the property in the future. Among the three transactions, a total of 188 new senior living units were added to the company’s portfolio.
COO John Gochnour described the buildings as “attractive, Class A buildings in growing population centers” with overlap from the company’s existing home health and hospice services to “build tenants and incomes of care.”
“That’s what gives us a lot of optimism in both segments, that...
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