M&A Deal Summary

Pennant Acquires Valor HospiceCare

On September 1, 2023, Pennant acquired healthcare services company Valor HospiceCare

Acquisition Highlights
  • This is Pennant’s 10th transaction in the Healthcare Services sector.
  • This is Pennant’s 10th transaction in the United States.
  • This is Pennant’s 1st transaction in Arizona.

M&A Deal Summary

Date 2023-09-01
Target Valor HospiceCare
Sector Healthcare Services
Buyer(s) Pennant
Deal Type Add-on Acquisition

Target

Valor HospiceCare

Tucson, Arizona, United States
Valor HospiceCare provides skilled hospice services in Tucson, Green Valley, and Sierra Vista, 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 10 of 18
Sector (Healthcare Services) 10 of 14
Type (Add-on Acquisition) 10 of 17
State (Arizona) 1 of 2
Country (United States) 10 of 18
Year (2023) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-16 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.

Buy -
FOLLOWING 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 -