Pennant Group Expands Footprint with Latest Acquisition
Pennant Group Expands Its Footprint
EAGLE, Idaho — The Pennant Group, Inc. (NASDAQ: PNTG), a prominent name in home health, hospice, home care, and senior living services, has announced an exciting development. The company recently acquired operations at several premier senior living facilities located in Wisconsin, specifically in Green Bay and Appleton. This strategic acquisition signifies a strong move to enhance their presence in the Midwest.
Details of the Acquisition
The newly acquired facilities include:
Blue Jay Springs Senior Living and Memory Care
Previously known as Marla Vista Assisted Living and Manor, this community will now operate under the name Blue Jay Springs Senior Living and Memory Care. The facility is designed to provide a nurturing environment for residents with unique memory care needs.
Autumn Embers Senior Living
Formerly Carrington Assisted Living, Autumn Embers Senior Living aims to provide residents with a vibrant lifestyle focused on wellness and social engagement.
Lotus Gardens Senior Living
Carolina Assisted Living has transitioned to Lotus Gardens Senior Living. This facility will continue its mission to offer residents the comfort and support they deserve, with a dedicated staff and tailored programs.
Impact on Senior Care
This acquisition adds 125 units to Pennant's management portfolio, reinforcing its commitment to serve the growing senior population in Wisconsin. With these facilities now under its umbrella, Pennant is well-positioned to enhance the quality of care available to residents in the region.
Leadership Insights
Brent Guerisoli, the CEO of Pennant, expressed his enthusiasm regarding this expansion, stating, "We are excited to welcome these communities into the Pennant portfolio. Our expansion in Wisconsin showcases our commitment to provide high-quality, resident-focused care to more seniors and their families."
Andrew Rider, President of Pinnacle Senior Living LLC, which is part of the Pennant organization, echoed these sentiments, emphasizing the importance of each community's reputation for stellar care and emphasis on creating a welcoming environment.
About the Pennant Group
The Pennant Group, Inc. operates as a holding company for independent subsidiaries delivering healthcare services through a network of home health and hospice agencies, alongside its senior living facilities. With a broad footprint, they currently manage 122 home health and hospice agencies and 56 senior living communities spread across various states, including Wisconsin. Each subsidiary operates autonomously, ensuring tailored services to each community they serve.
Contact the Pennant Group
For inquiries or more information about Pennant Group's services, you can reach out to them at:
The Pennant Group, Inc. (208) 506-6100 ir@pennantgroup.com
Frequently Asked Questions
What recent acquisition did Pennant Group announce?
Pennant Group announced the acquisition of senior living facilities in Wisconsin, enhancing its service offerings.
How many senior living communities does Pennant Group now operate?
Pennant Group now manages 56 senior living communities following this acquisition.
Who are the key executives at Pennant Group?
Brent Guerisoli is the CEO, while Andrew Rider serves as the President of Pinnacle Senior Living LLC, a subsidiary of Pennant.
What are the names of the newly acquired communities?
The newly acquired communities are Blue Jay Springs Senior Living and Memory Care, Autumn Embers Senior Living, and Lotus Gardens Senior Living.
What is the primary focus of the Pennant Group's services?
Pennant Group focuses on providing high-quality, resident-centered care in the home health and senior living markets.
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