Hospice News July 11, 2024
The Pennant Group Inc. (NASDAQ: PNTG) has agreed to acquire Signature Healthcare at Home’s hospice and home health assets for a price tag of $80 million.
Pennant is the holding company for a group of independent hospice, home health and senior living providers located across 13 states. The company announced the transaction in a statement on Thursday.
The decision to purchase Signature’s assets was a key part of Pennant’s strategic growth plans, according to CEO Brent Guerisoli. The hospice and home health care provider’s quality outcomes and organizational culture played a large role in picking up the company, Guerisoli stated.
“This is a significant acquisition in Pennant’s history,” Guerisoli said in a statement. “We are excited to make this...
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