PNTG Pennant Group

Pennant Acquires Two Senior Living Communities in Utah

Pennant Acquires Two Senior Living Communities in Utah

EAGLE, Idaho, March 01, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired the real estate and operations of Capitol Hill Senior Living, a 113 unit assisted living and memory care community located in Salt Lake City, Utah and Southgate Senior Living, a 75 unit assisted living and memory care community in St. George, Utah. This acquisition is effective March 1, 2024.

“We are very excited to expand our senior living portfolio into Utah. The acquisition of these senior living communities will allow us to expand our services on the care continuum in a state where we already have significant strength in our existing home health and hospice agencies in Utah,” said Brent Guerisoli, Chief Executive Officer of Pennant. “In addition, this acquisition demonstrates the compelling win-win opportunity that exists for Pennant to build its real estate portfolio while simultaneously adding value to local residents and communities,” Guerisoli added.

“We are thrilled to welcome Southgate Senior Living and Capitol Hill Senior Living to the Pinnacle family. These two communities share our vision of providing life changing service to seniors and their loved ones. We look forward to working with the dedicated staff to enhance the quality of life and care provided to the residents of these communities,” added Andrew Rider, President of Pinnacle Senior Living LLC, Pennant’s senior living subsidiary.

Mr. Guerisoli reaffirmed that Pennant continues to pursue opportunities to acquire high quality home health, hospice, and senior living businesses throughout the United States.

About Pennant:

The Pennant Group, Inc. is a holding company of independent operating subsidiaries that provide healthcare services through 104 home health and hospice agencies and 53 senior living communities located throughout Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. Each of these businesses is operated by a separate, independent operating subsidiary that has its 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," "its" and similar verbiage, are not meant to imply that The Pennant Group, Inc. has direct operating assets, employees or revenue, or that any of the home health and hospice businesses, senior living communities or the Service Center are operated by the same entity. More information about Pennant is available at .

SOURCE: The Pennant Group, Inc.



Contact Information

The Pennant Group, Inc.
(208) 506-6100
 
EN
01/03/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Pennant Group

 PRESS RELEASE

Pennant Reports Second Quarter 2025 Results

Pennant Reports Second Quarter 2025 Results Conference Call and Webcast scheduled for tomorrow, August 7, 2025 at 10:00 am MT EAGLE, Idaho, Aug. 06, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results, reporting GAAP diluted earnings per share of $0.20 for the second quarter of 2025. Pennant also reported adjusted diluted earnings per share of $0.27 for the quarter(1). Second Quarter Highlights Total revenue for the second quarter w...

 PRESS RELEASE

Pennant Announces Second Quarter 2025 Earnings Release and Call

Pennant Announces Second Quarter 2025 Earnings Release and Call EAGLE, Idaho, July 22, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of operating subsidiaries that provide home health, hospice and senior living services, announced today that it expects to issue its second quarter 2025 financial results on Wednesday, August 6, 2025. Pennant invites current and prospective investors to tune into a live webcast to be held the following day, Thursday, August 7, 2025, at 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time), during which Pennant’s management...

 PRESS RELEASE

Pennant Announces Home Health Acquisition in Southern California

Pennant Announces Home Health Acquisition in Southern California EAGLE, Idaho, July 01, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, announces the acquisition of a premier home health agency, GrandCare Health Services. The newly acquired agency, to be known as GrandCare Home Health, provides services in Los Angeles, Orange, Riverside and San Diego counties in California, and broadens Pennant’s service area in the region. “We are happy to welcome GrandCa...

 PRESS RELEASE

The Pennant Group Appoints Suzanne Snapper as Director

The Pennant Group Appoints Suzanne Snapper as Director EAGLE, Idaho, May 16, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced the appointment of Suzanne D. Snapper to its board of directors following her election by a vote of shareholders in connection with the Company’s annual shareholder meeting. Ms. Snapper is the Chief Financial Officer of the Ensign Group, Inc. (“Ensign”) (NASDAQ: ENSG), a leading publicly-traded provider of skilled nursing services...

 PRESS RELEASE

Pennant Reports First Quarter 2025 Results

Pennant Reports First Quarter 2025 Results Conference Call and Webcast scheduled for tomorrow, May 7, 2025 at 10:00 am MT EAGLE, Idaho, May 06, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results, reporting GAAP diluted earnings per share of $0.22 for the first quarter of 2025. Pennant also reported adjusted diluted earnings per share of $0.27 for the quarter(1). First Quarter Highlights Total revenue for the first q...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch