Pennant Acquires California Hospice and Home Health Provider
August 16 2022 - 4:43PM
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
assets of Ardent Hospice and Palliative Care, which provides
hospice and home health services in the Central Valley, Palm
Springs, and San Diego, California.
“We are very excited to expand the reach of our
hospice operations in California,” said Brent Guerisoli, Chief
Executive Officer of Pennant. “This off-market acquisition opens
the door to new service areas in Palm Springs and the Central
Valley, and further strengthens our presence in San Diego,”
Guerisoli added. “We look forward to bringing our high quality
resources and life-changing service to these communities.”
“We could not be happier to add the Ardent group
of hospice and home health agencies under the Pennant umbrella,”
added Brian Wayment, President of Cornerstone Healthcare, Inc.,
Pennant’s home health and hospice subsidiary, who noted that these
agencies collectively had a hospice average daily census of
approximately 90 patients prior to acquisition. “We are very
excited to work with the wonderful Ardent team of skilled
clinicians and compassionate caregivers who truly care about the
patients and families they serve.”
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 94 home health and hospice agencies and 49 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 www.pennantgroup.com.
SOURCE: The Pennant Group, Inc.
Contact Information
The Pennant Group, Inc.
(208) 506-6100
ir@pennantgroup.com
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