Pennant closes $146.5M purchase of 54 home health/hospice locations in TN, GA, AL from UnitedHealth

Pennant Group, Inc.

Purchase price $146.5M; trailing twelve-month revenue of acquired operations $189.3M.
54 locations in Tennessee, Georgia, Alabama; ~⅔ home health, ~⅓ hospice.
Divestiture required by UnitedHealth-Optum acquisition of Amedisys; transition services agreement in place.
Acquisition marks Pennant's entry into the Southeast U.S., building on its operational model.

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