Pennant Acquires Two Senior Living Communities in Utah
01 Marzo 2024 - 2:58PM
The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the
Pennant group of affiliated home health, hospice, home care and
senior living companies, today announced that it has acquired the
real estate and operations of Capitol Hill Senior Living, a 113
unit assisted living and memory care community located in Salt Lake
City, Utah and Southgate Senior Living, a 75 unit assisted living
and memory care community in St. George, Utah. This acquisition is
effective March 1, 2024.
“We are very excited to expand our senior living
portfolio into Utah. The acquisition of these senior living
communities will allow us to expand our services on the care
continuum in a state where we already have significant strength in
our existing home health and hospice agencies in Utah,” said Brent
Guerisoli, Chief Executive Officer of Pennant. “In addition, this
acquisition demonstrates the compelling win-win opportunity that
exists for Pennant to build its real estate portfolio while
simultaneously adding value to local residents and communities,”
Guerisoli added.
“We are thrilled to welcome Southgate Senior
Living and Capitol Hill Senior Living to the Pinnacle family. These
two communities share our vision of providing life changing service
to seniors and their loved ones. We look forward to working with
the dedicated staff to enhance the quality of life and care
provided to the residents of these communities,” added Andrew
Rider, President of Pinnacle Senior Living LLC, Pennant’s senior
living subsidiary.
Mr. Guerisoli reaffirmed that Pennant continues
to pursue opportunities to acquire high quality home health,
hospice, and senior living businesses throughout the United
States.
About
Pennant:
The Pennant Group, Inc. is a holding company of
independent operating subsidiaries that provide healthcare services
through 104 home health and hospice agencies and 53 senior living
communities located throughout Arizona, California, Colorado,
Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah,
Washington, Wisconsin and Wyoming. Each of these businesses is
operated by a separate, independent operating subsidiary that has
its own management, employees and assets. References herein to the
consolidated "company" and "its" assets and activities, as well as
the use of the terms "we," "us," "its" and similar verbiage, are
not meant to imply that The Pennant Group, Inc. has direct
operating assets, employees or revenue, or that any of the home
health and hospice businesses, senior living communities or the
Service Center are operated by the same entity. More information
about Pennant is available at www.pennantgroup.com.
SOURCE: The Pennant Group, Inc.
Contact Information
The Pennant Group, Inc.
(208) 506-6100
ir@pennantgroup.com
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