Pennant - M&A Summary and Business Overview

Healthcare ServicesCompany

Pennant M&A Summary

Pennant has acquired 18 companies, including 18 in the last 5 years.

Pennant’s largest acquisition to date was in 2024, when it acquired Signature Health Services for $80M. Pennant has acquired in 10 different US states. The Company’s most targeted sectors include healthcare services (78%) and consumer services (23%).

Pennant Business Overview

Where is Pennant headquartered?

Pennant is headquartered in Eagle, Idaho.

What is Pennant’s revenue?

Pennant disclosed revenue of 545M USD for 2023 and 473M USD for 2022.

How many employees does Pennant have?

Pennant has 5,791 employees.

What sector is Pennant in?

Pennant is a healthcare services company.

When was Pennant founded?

Pennant was founded in 2019.

M&A Summary

M&A Total Activity18
- M&A Buy Activity18
Total Sectors Invested 2
Total Countries Invested 1

Pennant

The Pennant Group, Inc.

1675 East Riverside Drive, Suite 150,
Eagle, Idaho 83616
United States,
(208) 506-6100
www.pennantgroup.com

Pennant is a holding company of independent operating subsidiaries that provide healthcare services through 64 home health and hospice agencies and 52 senior living communities located throughout Arizona, California, Colorado, Idaho, Iowa, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. Each of these businesses is operated by a separate, independent operating subsidiary that has its own management, employees, and assets. Pennant was founded in 2019 and is based in Eagle, Idaho.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (3.6/yr)	#	-	2	4	2	5	5	18
Buy (3.6/yr)	vol						$80M	$80M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								18

Most Recent M&A

Company	Date	Value	Type
Signature Health Services LLC	2024-07-11	80M USD	Add-on Acquisition
Tigard, Oregon · www.signaturehch.com
Nurses on Wheels, Inc.	2024-05-16	-	Add-on Acquisition
Corpus Christi, Texas · www.nursesonwheelsinc.com
Veranda Senior Living	2024-05-01	-	Buyout (LBO, MBO, MBI)
Meridian, Idaho · www.verandaseniorliving.com
Southgate Senior Living	2024-03-01	-	Add-on Acquisition
St. George, Utah
Capitol Hill Senior Living	2024-03-01	-	Add-on Acquisition
Salt Lake City, Utah
Southwestern Palliative Care & Hospice	2023-12-01	-	Add-on Acquisition
Yuma, Arizona · www.swpcahospice.com
GuArdian Hospice	2023-11-01	-	Add-on Acquisition
Sherman, Texas · www.myguardianhospice.com
Guardian Hospice of Oklahoma	2023-11-01	-	Add-on Acquisition
Calera, Oklahoma
Valor HospiceCare	2023-09-01	-	Add-on Acquisition
Tucson, Arizona · www.valorhospicecare.com
Bluebird Health	2023-06-16	-	Add-on Acquisition
Meridian, Idaho · www.bluebirdhealth.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Healthcare Services	14 (78%)	80M (100%)	-	-
Consumer Services	4 (22%)	-	-	-
Total	18	$80M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		18	80M	-	-
	Texas	5	-	-	-
	Utah	2	-	-	-
	Idaho	2	-	-	-
	California	2	-	-	-
	Arizona	2	-	-	-
	Wisconsin	1	-	-	-
	Oregon	1	80M	-	-
	Oklahoma	1	-	-	-
	Nevada	1	-	-	-
	Colorado	1	-	-	-
Total		18	$80M	-	-

Deal Values

buy	#	Total
< $100M	1	$80M
TOTAL		$80M
Largest	Signature Health Services LLC $80M (2024-07-11)

Company Summary

SECTOR

Healthcare Services

Revenue

545 16%	2023
473 8%	2022
440 13%	2021
391 16%	2020
339 19%	2019
286 14%	2018
251 16%	2017
217	2016
(millions of USD)	Show More Show Less

Employees

5,791

Established

2019

Public

NASDAQ: PNTG

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Pennant - M&A Summary and Business Overview

Healthcare ServicesCompany