Pennant Group Seeks Acquisitions Amid Record Hospice Growth

The Pennant Group (NASDAQ: PNTG) has a number of hospice and home health transactions in its pipeline as the company steps away from senior living acquisitions due to pandemic headwinds. While pursuing these deals, Pennant has seen substantial growth in its hospice and home health segment. Pennant in February increased its revolving line of credit […]

Pennant Bullish on Hospice, Home Health Acquisitions

The Pennant Group (NASDAQ: PNTG) plans to be an active acquirer during 2021 with an emphasis on hospice and home health targets. The hospice, home health and senior living provider increased its revolving line of credit by $75 million to a total $150 million this week, pledging to apply those resources to buying new operations. […]

Pennant Group Boosts Credit Facility to Fuel Acquisitions

The Pennant Group (NASDAQ: PNTG) has increased its revolving line of credit by $75 million to a total $150 million. The company indicated the bulk of the additional credit would be used for acquisitions, including hospice and home health assets.  Pennant, which owns and operates hospice provider Cornerstone Healthcare, was spun in 2019 off from […]

Encompass to Reposition Hospice, Home Health Business, Considering Spin Off

Encompass Health (NYSE: EHC) is considering a strategic repositioning of its business lines that could lead to a spin off of their home health and hospice services to a new, separate company. Other options under consideration include a potential merger, sale, initial public offering or other transaction. Encompass provides both facility-based and home-based patient care […]

Pennant Group Purchases Harmony Hospice in Nevada

The Pennant Group (NASDAQ: PNTG) has purchased Harmony Hospice in Las Vegas. Harmony was one of three affiliated hospices. Pennant Group acquired the other two earlier this year. The transaction closed on Oct. 1, and financial terms were kept confidential.  Pennant, which owns and operates hospice provider Cornerstone Healthcare, in 2019 was spun off from The […]

Pandemic Slows Hospice M&A, but Resurgence Is on the Horizon

The hospice mergers and acquisitions market continued to be robust early in the first quarter of 2020 but took a sharp dive as companies shifted their attention towards responding to the COVID-19 pandemic and its economic fallout. A number of transactions, large and small, have occurred in May, which could signal a resurgence. The outlook […]

Hospices Gear Up to Face COVID 19

The health care community is bracing itself for a potential widespread outbreak of the COVID 19 coronavirus strain, and hospices are no exception. While hospice patients are in their final days, preventing infections that could cause greater suffering remains essential to the hospice mission. Patients infected with COVID 19 have presented in nearly 70 locations […]

Cornerstone Acquires Hospice of Missoula

Cornerstone Healthcare, a subsidiary of hospice, home health and senior living company the Pennant Group (NASDAQ: PNTG), has purchased Montana-based Hospice of Missoula for an undisclosed amount, marking the company’s first foray into that state’s market.  Pennant indicated that the company intended to seek out further acquisition opportunities throughout 2020, targeting strategic and underperforming organizations […]

Proposed Ensign Spin-Off Won’t Slow Acquisitions Activity

The Ensign Group, Inc. (Nasdaq: ENSG), will not stop or slow its acquisition efforts while awaiting the finalization of their forthcoming hospice and home health spin-off, the Pennant Group. Ensign, a rehabilitation and health care services company, announced that it would spin off its hospice, home health, and senior living operations into a publicly traded […]