Pennant Acquires Senior Living Communities in Idaho and Wisconsin

Rhea-AI Summary

Pennant (NASDAQ: PNTG) completed two senior living real‑estate acquisitions in November 2025 that expand its assisted living footprint. Effective Nov 1, 2025, Pennant acquired operations and real property for a 55‑bed assisted living community in Lewiston, Idaho (now Twin Rivers Senior Living). Effective Nov 4, 2025, Pennant completed purchase of the real property for Honey Creek Heights Senior Living in West Allis, Wisconsin, following an operational acquisition on Jan 1, 2025; that community adds 135 beds to Pennant’s Midwest portfolio. Management described the deals as aligned with disciplined capital deployment and integration with affiliated home health and hospice services.

Positive

• Added 55 assisted living beds in Lewiston, Idaho (effective Nov 1, 2025)
• Added 135 assisted living beds in West Allis, Wisconsin (effective Nov 4, 2025)
• Completed real property acquisitions for both communities
• Integration with affiliated home health and hospice services

Negative

• None.

News Market Reaction

+0.92%

1 alert

+0.92% News Effect

On the day this news was published, PNTG gained 0.92%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

EAGLE, Idaho, Nov. 04, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, announces two significant acquisitions that strengthen its presences in key markets.

Effective November 1, 2025, Pennant acquired the operations and real property of a 55-bed assisted living community in Lewiston, Idaho. This community, now known as Twin Rivers Senior Living, reinforces Pennant’s strategic commitment to expanding high-quality senior care services across the Mountain West.

In addition, effective today, November 4^th, Pennant completed the acquisition of the real property for Honey Creek Heights Senior Living in West Allis, Wisconsin. This follows its earlier operational acquisition on January 1, 2025. This community adds 135 assisted living beds to Pennant’s growing Midwest portfolio.

“These acquisitions reflect our disciplined growth strategy and our dedication to delivering exceptional care,” said Brent Guerisoli, Chief Executive Officer of Pennant. “Twin Rivers bolsters our home-state presence, while Honey Creek Heights expands our footprint in Wisconsin. The real estate transactions underscore our disciplined approach to capital deployment and value creation. By leveraging favorable market conditions, we secured attractively priced real estate that expands our senior living portfolio.”

“As we strengthen our presence in Idaho and Wisconsin, we are excited to bring our expertise and commitment to excellence to the residents,” added Andrew Rider, President of Pinnacle Senior Living LLC, Pennant’s senior living subsidiary. “These transactions align with our long-term strategy to grow in markets where we can leverage our local leadership and operational expertise to make a meaningful impact on the lives of our new residents and staff. In addition, our affiliated home health and hospice providers are positioned to serve both communities, supporting our vision of building integrated continuums of care across the country.”

Pennant will continue to work closely with residents, families, and staff to deliver life-changing services for these communities.

About Pennant:

The Pennant Group, Inc. is a holding company of independent operating subsidiaries that provide healthcare services through home health and hospice agencies and senior living communities located throughout Alabama, Arizona, California, Colorado, Connecticut, Georgia, Idaho, Montana, Nevada, Oklahoma, Oregon, Tennessee, 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. References herein to the consolidated "company" and "its" assets and activities, as well as the use of the terms "we," "us," "its" and similar verbiage, are not meant to imply that The Pennant Group, Inc. has direct operating assets, employees or revenue, or that any of the home health and hospice businesses, senior living communities or the Service Center are operated by the same entity. More information about Pennant is available at www.pennantgroup.com.

Contact Information
The Pennant Group, Inc.
(208) 401-1400
ir@pennantgroup.com

SOURCE: The Pennant Group, Inc.

FAQ

What did Pennant (PNTG) acquire on Nov 1, 2025 in Idaho?

Pennant acquired operations and real property for a 55‑bed assisted living community in Lewiston, Idaho, now named Twin Rivers Senior Living.

What real property did Pennant (PNTG) complete on Nov 4, 2025 in Wisconsin?

Pennant completed the acquisition of the real property for Honey Creek Heights Senior Living in West Allis, Wisconsin, which adds 135 beds.

When did Pennant (PNTG) previously acquire Honey Creek Heights operations?

Pennant acquired Honey Creek Heights operations on Jan 1, 2025 and completed the real estate purchase on Nov 4, 2025.

How do the acquisitions affect Pennant’s senior living footprint?

They increase Pennant’s assisted living capacity by 190 beds across the Mountain West and Midwest markets.

Will Pennant serve the new communities with other affiliated services?

Yes; affiliated home health and hospice providers are positioned to serve both communities as part of an integrated continuum of care.