Pennant Group reorganizes its executive team The Pennant Group, Inc. (NASDAQ: PNTG) recently began the hunt to fill CFO and chief investment officer roles. This follows the recent announcement that Derek Bunker has resigned as Pennant’s chief investment officer, executive vice president and corporate secretary, effective Dec. 31, 2022. “On behalf of the Pennant team, […]
The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Amarillo,Texas-based Open Heart Hospice. The organization will rebrand as Kinder Hearts Hospice of Amarillo. Financial terms are confidential. The Pennant Group’s (NASDAQ: PNTG) acquisition strategy is fueling growth in both the near- and long-term for the company’s home health and hospice segment. Pennant has been very active in […]
The Pennant Group’s (NASDAQ: PNTG) acquisition strategy is fueling growth in both the near- and long-term for the company’s home health and hospice segment. Pennant has been very active in the M&A market during the past two years, with additional transactions waiting in its pipeline. Pennant, which owns and operates hospice provider Cornerstone Healthcare, was […]
The Pennant Group, Inc. (NASDAQ: PNTG) has purchased Sacramento, Calif.-based First Call Hospice. Pennant remains bullish on hospice and home health acquisitions, with a number of deals in its pipeline. The company in February increased its revolving line of credit by $75 million to a total $150 million, pledging to apply those resources to buying […]
The Pennant Group (NASDAQ: PNTG) is investing heavily in the growth of its hospice business both through acquisitions and de novo activity during the remainder of the year and into 2021. Pennant set itself on a strong trajectory in 2020 with two start-up locations and four hospice acquisitions thus far. Pennant, which owns and operates […]
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 […]
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