M&A Deal Summary

Pennant Acquires Guardian Hospice of Oklahoma

On November 1, 2023, Pennant acquired healthcare services company Guardian Hospice of Oklahoma

Acquisition Highlights
  • This is Pennant’s 12th transaction in the Healthcare Services sector.
  • This is Pennant’s 12th transaction in the United States.
  • This is Pennant’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2023-11-01
Target Guardian Hospice of Oklahoma
Sector Healthcare Services
Buyer(s) Pennant
Deal Type Add-on Acquisition

Target

Guardian Hospice of Oklahoma

Calera, Oklahoma, United States
Guardian Hospice of Oklahoma is a provider of hospice services. Guardian Hospice of Oklahoma is based in Calera, Oklahoma.

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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 12 of 18
Sector (Healthcare Services) 12 of 14
Type (Add-on Acquisition) 12 of 17
State (Oklahoma) 1 of 1
Country (United States) 12 of 18
Year (2023) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 GuArdian Hospice

Sherman, Texas, United States

GuArdian Hospice is a provider of hospice services to residents of Northern Texas. GuArdian Hospice is based in Sherman, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Southwestern

Yuma, Arizona, United States

Southwestern provides skilled hospice services for in-home primary care and palliative care (symptom management) for those who find it difficult or cannot get to other providers and need home visits regularly or as needed for symptom management. Southwestern was formed in 2017 and is based in Yuma, Arizona.

Buy -