The Pennant Group (NASDAQ: PNTG) acquired five Medicare hospice provider numbers during the past six months, which accelerated growth for its home-based care segment, reports Hospice News.
These deals expanded the home health, hospice and senior living company’s presence in California, Arizona, Oklahoma and Texas and include a mix of existing operations as well as license purchases.
“We continue to methodically and effectively execute on our acquisition strategy, as we acquired five hospice provider numbers in new markets close to our existing operations since our last earnings call … ” Pennant President and COO John Gochnour said in a Q3 earnings report.
