Pennant Completes Acquisition of Signature Healthcare's Oregon Assets

Deal News | Jan 02, 2025 | Globenewswire

Pennant Completes Acquisition of Signature Healthcare's Oregon Assets

The Pennant Group, Inc., a leading provider in the home health, hospice, and senior living sectors, has finalized its acquisition of certain assets of Signature Healthcare at Home in Oregon. This transaction marks the completion of a two-stage acquisition process that began with the purchase of Signature's assets in Idaho and Washington on August 1, 2024. With the addition of seven new locations in Oregon, Pennant consolidates its position as a prominent provider in the Pacific Northwest region, expanding its presence in Portland and Grants Pass. Both Brent Guerisoli, the CEO of Pennant, and John Gochnour, the President and COO, express enthusiasm about integrating Signature's operations and the cultural fit between the organizations. This strategic acquisition supports Pennant's growth trajectory following significant achievements in 2024, positioning it for continued expansion in 2025. Pennant, as a holding company, operates a wide network of healthcare services through its independent subsidiaries across various states in the U.S.

Sectors

  • Healthcare Services
  • Mergers and Acquisitions

Geography

  • United States – The acquisition involves assets in the states of Oregon, Idaho, and Washington, all of which are located in the United States.
  • Pacific Northwest – The primary focus of this acquisition is on expanding services in the Pacific Northwest region, particularly Oregon.

Industry

  • Healthcare Services – The acquisition involves home health, hospice, and senior living services, which are key components of the healthcare services industry.
  • Mergers and Acquisitions – This article discusses the completion of an acquisition, a common activity within the mergers and acquisitions sector.

Financials

    Participants

    NameRoleTypeDescription
    The Pennant Group, Inc.BuyerCompanyPennant is a holding company providing healthcare services through home health, hospice, and senior living subsidiaries across the U.S.
    Signature Healthcare at HomeTarget CompanyCompanyA healthcare provider whose assets in Oregon, Idaho, and Washington were acquired by The Pennant Group.
    Brent GuerisoliChief Executive OfficerPeopleCEO of The Pennant Group, Inc., overseeing the acquisition and integration process.
    John GochnourPresident and Chief Operating OfficerPeoplePresident and COO of The Pennant Group, Inc., involved in strategic acquisition planning and integration.