The Pennant Group Inc. (NASDAQ: PNTG) has agreed to acquire Signature Healthcare at Home’s hospice and home health assets for a price tag of $80 million. Pennant is the holding company for a group of independent hospice, home health and senior living providers located across 13 states. Acquiring Signature will boost Pennant’s existing presence across three states. The purchase adds seven locations to the company’s footprint in Oregon, as well as multiple locations in four Washington cities and two cities in southwest Idaho. Signature Healthcare at Home has an average daily census (ADC) of more than 300 hospice patients, with its home health admissions reaching upwards of 12,000 patients during the last year.
Read the full article: The Pennant Group Acquires Signature Healthcare at Home in $80M Deal //
Source: https://hospicenews.com/2024/07/11/pennants-80-million-acquisition-of-signature-healthcare-at-home/