The Pennant Group’s acquisition strategy is fueling growth in both the near- and long-term for the company’s home health and hospice segment, Hospice News reports. Pennant has been very active in the M&A market during the past two years, with additional transactions waiting in its pipeline.
Pennant, which owns and operates hospice provider Cornerstone Healthcare, was spun off in 2019 from The Ensign Group. Pennant retained Ensign’s hospice, home health and senior living operations. The company in February increased its revolving line of credit by $75 million to a total $150 million, pledging to apply those resources to buying new operations. Read more.
