The Pennant Group, Inc. (NASDAQ: PNTG) has acquired the Corpus Christi, Texas-based hospice provider Nurses on Wheels Inc. for an undisclosed amount. This is the latest in a string of acquisitions for Pennant. Earlier this month Pennant acquired Utah-based South Davis Home Health and South Davis Hospice. The company in December 2023 picked up Arizona-based […]
The Pennant Group
The Pennant Group, Inc. (NASDAQ: PNTG) brought in record-high service revenue during the first quarter of the year, in part fueled by growth in its hospice and home health service lines. Meanwhile, the Idaho-based home health, hospice and senior living provider is full-speed ahead on its same-store growth and acquisition plans, according to Pennant CEO […]
In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. You can subscribe to Palliative Care News here: Subscribe today! High-quality care, leadership development, margin improvement and overall business growth helped The Pennant Group Inc. (NASDAQ: PNTG) close out 2024 with a bang. The Eagle, Idaho-based company saw particularly strong […]
Though the number of hospice M&A deals plummeted in 2023 compared to prior years, deals are still being made, and the industry may see a rebound in 2024. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Only three hospice deals took place in the third […]
After a rocky year for M&A, two of the publicly traded hospice providers are poised to pursue more deals in 2024. Based on 2023 earnings trends, The Pennant Group (NASDAQ: PNTG) and Addus HomeCare Cop. (NASDAQ: ADUS) are well-positioned to buy, according to an analysis by the M&A advisory firm Mertz Taggart. While the majority […]
A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. The hospice space in the last five years has seen record-breaking multiples, a prevalence of private equity-backed platform transactions and large-scale […]
The Pennant Group Inc. (NASDAQ: PNTG) has inked a deal to acquire Arizona-based Southwestern Palliative Care & Hospice for an undisclosed amount, adding to its existing presence in the state. Southwestern Palliative Care & Hospice provides home-based end-of-life and serious illness care to communities in Yuma, Arizona. Founded in 2013, the hospice and palliative care […]
The Pennant Group Inc. (NASDAQ: PNTG) has acquired Guardian Hospice and Guardian Hospice of Oklahoma for an undisclosed amount. Guardian Hospice of Oklahoma received Medicare certification in 2015 and has since grown its presence in the state and across Texas. Guardian provides hospice care in 10 counties in southern Oklahoma and across six counties in […]
The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Arizona-based Valor HospiceCare. Financial terms were undisclosed. The Idaho-headquartered home health, hospice and senior living company has been building out its acquisition pipeline, executives indicated in earnings calls. Interest in hospice deals is rising as record-high valuations begin to come down, according to Pennant President and COO […]
The Pennant Group Inc. (NASDAQ: PNTG) is on the hunt for hospice acquisitions as previously record-high price tags in the market trend downward. The home health, hospice and senior living company aims to pursue acquisition opportunities across all of its service lines. Higher valuations in home health and hospice have dampened the ability to stretch […]