M&A Deal Summary

Pennant Acquires Southwestern

On December 1, 2023, Pennant acquired consumer services company Southwestern

Acquisition Highlights
  • This is Pennant’s 1st transaction in the Consumer Services sector.
  • This is Pennant’s 13th transaction in the United States.
  • This is Pennant’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2023-12-01
Target Southwestern
Sector Consumer Services
Buyer(s) Pennant
Deal Type Add-on Acquisition

Target

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.

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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 13 of 18
Sector (Consumer Services) 1 of 4
Type (Add-on Acquisition) 13 of 17
State (Arizona) 2 of 2
Country (United States) 13 of 18
Year (2023) 5 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
2024-03-01 Southgate Senior Living

St. George, Utah, United States

Southgate Senior Living is a 75-unit assisted living and memory care community in St. George, Utah.

Buy -
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