The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, announced Thursday that a subsidiary of Cornerstone Healthcare, Inc., its home health and hospice portfolio company, has entered into an agreement to form a home health joint venture with Scripps Health, a leading nonprofit integrated health system based in San Diego, California. The finalization of the joint venture is subject to customary closing conditions and is expected to occur in the third quarter of 2020. Following the closing of the transaction, the joint venture will be managed by a Cornerstone affiliate and will provide home health services to patients throughout San Diego County and surrounding areas.
Read the full article: Pennant Announces Agreement to Form Home Health Joint Venture //
Source: https://www.globenewswire.com/news-release/2020/02/27/1992295/0/en/Pennant-Announces-Agreement-to-Form-Home-Health-Joint-Venture.html