M&A Deal Summary

Pennant Acquires Veranda Senior Living

On May 1, 2024, Pennant acquired consumer services company Veranda Senior Living

Acquisition Highlights
  • This is Pennant’s 4th transaction in the Consumer Services sector.
  • This is Pennant’s 16th transaction in the United States.
  • This is Pennant’s 2nd transaction in Idaho.

M&A Deal Summary

Date 2024-05-01
Target Veranda Senior Living
Sector Consumer Services
Buyer(s) Pennant
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 16 of 18
Sector (Consumer Services) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Idaho) 2 of 2
Country (United States) 16 of 18
Year (2024) 3 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 Nurses on Wheels

Corpus Christi, Texas, United States

Nurses on Wheels provides hospice services. Nurses on Wheels is based in Corpus Christi, Texas.

Buy -