Pennant Group Strengthens Market Presence with New Acquisitions
Pennant Group Welcomes New Senior Living Facilities
The Pennant Group, Inc. (NASDAQ: PNTG), renowned for its network of home health, hospice, home care, and senior living services, is thrilled to announce a strategic acquisition. Recently, the company acquired several prominent senior living facilities in Wisconsin, expanding its footprint and enhancing care options for seniors in the region.
Details of the Acquisition
Pennant’s acquisition encompasses operations in Green Bay and Appleton, Wisconsin. The facilities acquired include:
New Community Names and Transitions
1. Marla Vista Assisted Living and Manor has been rebranded as Blue Jay Springs Senior Living and Memory Care.
2. Carrington Assisted Living is now recognized as Autumn Embers Senior Living.
3. Carolina Assisted Living transitions to Lotus Gardens Senior Living.
This acquisition not only adds an impressive 125 units to Pennant's management but also reinforces the company's commitment to cater to Wisconsin’s increasing senior demographic. With these new communities, Pennant aims to provide even higher standards of care and comfort, rooted in its innovative operating model.
Leadership Insight
Brent Guerisoli, CEO of Pennant, expressed his enthusiasm about the new additions, stating, “We are excited to welcome these communities into the Pennant portfolio. Our expansion in Wisconsin reflects our unwavering commitment to offering high-quality, resident-centered care to seniors and their families.”
Commitment to Quality and Care
Andrew Rider, President of Pinnacle Senior Living LLC, shared insights on the significance of this acquisition. He noted, “This acquisition marks a notable advancement in our mission to enhance senior care options in Wisconsin and beyond. Each community is reputed for delivering exceptional care and fostering a welcoming atmosphere, values that resonate with our own. We are ready to build upon this foundation and positively impact the lives of our residents.”
About the Pennant Group
The Pennant Group, Inc. serves as a holding company of independent operating subsidiaries, providing healthcare services across diverse platforms. With 122 home health and hospice agencies and 56 senior living communities, Pennant ensures high-quality care extends through various states, including Arizona, California, and Colorado, among others. Each operation is managed independently by dedicated subsidiaries, guaranteeing personalized and efficient services tailored to community needs.
Connecting with the Pennant Group
For those interested in learning more about the wide array of services offered, additional information about Pennant can be found on their official website: www.pennantgroup.com.
Frequently Asked Questions
What communities did Pennant acquire?
Pennant acquired Marla Vista Assisted Living and Manor (now Blue Jay Springs), Carrington Assisted Living (Autumn Embers), and Carolina Assisted Living (Lotus Gardens).
How many new units has Pennant added?
Pennant has added a total of 125 new units through these acquisitions.
What is the significance of this acquisition for Pennant?
This acquisition enhances Pennant's market presence and supports its mission of providing high-quality senior care services.
Who leads the Pennant Group?
The Pennant Group is led by Brent Guerisoli, the CEO, and Andrew Rider, the President of Pinnacle Senior Living LLC.
Where can I find more information about Pennant?
For more information, you can visit the Pennant Group's official website at www.pennantgroup.com.
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