Add-on Acquisition • Healthcare Services

Pennant Acquires Healing Hearts Home Health

On September 2, 2025, Pennant acquired healthcare services company Healing Hearts Home Health

Acquisition Context
  • This is Pennant’s 16th transaction in the Healthcare Services sector.
  • This is Pennant’s 20th transaction in the United States.
  • This is Pennant’s 1st transaction in Wyoming.

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M&A Deal Summary

Date September 2, 2025
Target Healing Hearts Home Health
Sector Healthcare Services
Buyer(s) Pennant
Deal Type Add-on Acquisition
Advisor(s) Generational Group (Financial)

Target Company

Healing Hearts Home Health

Gillette, Wyoming, United States
Healing Hearts Home Health offers a comprehensive range of services, including skilled nursing, home care, and outpatient therapy, all tailored to meet the unique needs of each patient. Healing Hearts Home Health is based in Gillette, Wyoming.
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Buyer Overview 1

Buyer

Pennant

Eagle, Idaho, United States

Category Company
Founded 2019
Sector Healthcare Services
Employees7,000
Revenue 695M USD (2024)
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 Context for Buyer #
Overall 20 of 22
Sector: Healthcare Services 16 of 16
Type: Add-on Acquisition 19 of 21
State: Wyoming 1 of 1
Country: United States 20 of 22
Year: 2025 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-01 GrandCare

Pasadena, California, United States

GrandCare is a provider of in-home medical care, specializing in post-surgical orthopedic rehabilitation. GrandCare was founded in 2003 and is based in Pasadena, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-01 Twin Rivers Senior Living

Richardson, Texas, United States

Twin Rivers Senior Living operates an independent-living community for active adults aged 55 and older. Twin Rivers Senior Living offers one- and two-bedroom residences with amenities such as a pool, fitness centre, salon, café, dog park, and social activities, providing maintenance-free living in a residential setting. Twin Rivers Senior Living was established in 2009 and is headquartered in Richardson, Texas.

Buy -