The Pennant Group Acquires Montana Hospice Agency

The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that a subsidiary of Cornerstone Healthcare, Inc., Pennant’s home health and hospice portfolio company, acquired Hospice of Missoula, an agency providing hospice services and palliative care in Western Montana. The acquisition was effective March 1, 2020. “We are delighted to announce our entry into Montana through this hospice acquisition,” said Danny Walker, Pennant’s Chief Executive Officer and President. “We believe healthcare is a local endeavor, so we are very methodical about entering a new state, ensuring we spend significant time beforehand to better understand its regulatory, clinical and operational nuances. We have carefully looked for the right opportunity to bring our innovative operating model and high-quality hospice care to the residents of the Big Sky State and believe we have found that opportunity with this acquisition.”

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