M&A
confidence high
sentiment positive
materiality 0.75
Pennant Group agrees to buy Signature Healthcare at Home assets for $80M
Pennant Group, Inc.
- $80M purchase price covers affiliates in OR, WA, ID; two separate purchase agreements.
- Washington/Idaho assets to close Aug 1, 2024; Oregon assets close Jan 1, 2025.
- Signature had ~$75M annual revenue, 650+ staff, >12K home health admissions, 300+ hospice daily census.
- Adds locations in Bellingham, Everett, Federal Way (WA); Portland, Grants Pass (OR); Nampa, Payette (ID).
- CEO Guerisoli calls it a significant acquisition built from strength in existing Pacific Northwest operations.