M&A Deal Summary

Pennant Acquires Signature

On July 11, 2024, Pennant acquired healthcare services company Signature for 80M USD

Acquisition Highlights
  • This is Pennant’s 14th transaction in the Healthcare Services sector.
  • This is Pennant’s largest (disclosed) transaction.
  • This is Pennant’s 18th transaction in the United States.
  • This is Pennant’s 1st transaction in Oregon.

M&A Deal Summary

Date 2024-07-11
Target Signature
Sector Healthcare Services
Buyer(s) Pennant
Deal Type Add-on Acquisition
Deal Value 80M USD

Target

Signature

Tigard, Oregon, United States
Signature provides home health and hospice services in the Pacific Northwest, with multiple locations throughout Oregon, Washington, and Idaho. Signature is headquartered in Tigard, Oregon.

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Buyer(S) 1

Buyer

Pennant

Eagle, Idaho, United States

Category Company
Founded 2019
Sector Healthcare Services
Employees5,791
Revenue 545M USD (2023)
DESCRIPTION

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.


DEAL STATS #
Overall 18 of 18
Sector (Healthcare Services) 14 of 14
Type (Add-on Acquisition) 17 of 17
State (Oregon) 1 of 1
Country (United States) 18 of 18
Year (2024) 5 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 Nurses on Wheels

Corpus Christi, Texas, United States

Nurses on Wheels provides hospice services. Nurses on Wheels is based in Corpus Christi, Texas.

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