Pennant Acquires Colorado Home Health Provider
May 04 2023 - 4:30PM
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 Benefit Home Healthcare and Benefit By Your Side
(“Benefit”), which provides skilled home health, private duty, and
community health services in Colorado Springs, Colorado.
“We are pleased to expand our home health
operations deeper into the state of Colorado,” said Brent
Guerisoli, Chief Executive Officer of Pennant. “Benefit will be a
great partner to our affiliates in the area as we further expand
the continuum of care and provide life-changing service to the
residents of Colorado Springs and its surrounding communities,”
Guerisoli added.
“Benefit has been a community staple since
2017,” added Brian Wayment, President of Cornerstone Healthcare,
Inc., Pennant’s home health and hospice subsidiary. “Benefit’s
staff have touched countless lives since its inception. We are very
honored to be able to carry forward this amazing legacy of
compassionate service and care to the community.”
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 97 home health and hospice agencies and 51 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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