M&A Deal Summary

Pennant Acquires Bluebird Health

On June 16, 2023, Pennant acquired healthcare services company Bluebird Health

Acquisition Highlights
  • This is Pennant’s 9th transaction in the Healthcare Services sector.
  • This is Pennant’s 9th transaction in the United States.
  • This is Pennant’s 1st transaction in Idaho.

M&A Deal Summary

Date 2023-06-16
Target Bluebird Health
Sector Healthcare Services
Buyer(s) Pennant
Deal Type Add-on Acquisition

Target

Bluebird Health

Meridian, Idaho, United States
Bluebird Health is a home health and hospice company focused on providing our patients, employees, and community partners joy through our health care services. Bluebird Health is based in Meridian, Idaho.

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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 9 of 18
Sector (Healthcare Services) 9 of 14
Type (Add-on Acquisition) 9 of 17
State (Idaho) 1 of 2
Country (United States) 9 of 18
Year (2023) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Kenosha Visiting Nurse Association

Kenosha, Wisconsin, United States

Kenosha Visiting Nurse Association provides skilled home health, private duty, and community health services. Kenosha Visiting Nurse Association is based in Kenosha, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Valor HospiceCare

Tucson, Arizona, United States

Valor HospiceCare provides skilled hospice services in Tucson, Green Valley, and Sierra Vista, Arizona.

Buy -