M&A Deal Summary

Pennant Acquires Nurses on Wheels

On May 16, 2024, Pennant acquired healthcare services company Nurses on Wheels

Acquisition Highlights
  • This is Pennant’s 13th transaction in the Healthcare Services sector.
  • This is Pennant’s 17th transaction in the United States.
  • This is Pennant’s 5th transaction in Texas.

M&A Deal Summary

Date 2024-05-16
Target Nurses on Wheels
Sector Healthcare Services
Buyer(s) Pennant
Deal Type Add-on Acquisition

Target

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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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 17 of 18
Sector (Healthcare Services) 13 of 14
Type (Add-on Acquisition) 16 of 17
State (Texas) 5 of 5
Country (United States) 17 of 18
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 Veranda Senior Living

Meridian, Idaho, United States

Veranda Senior Living is a 73 unit assisted living and memory care community. Veranda Senior Living is based in Meridian, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-11 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.

Buy $80M