Pennant Announces Home Health Acquisition in Southern California
Pennant Group (NASDAQ: PNTG) has announced the acquisition of GrandCare Health Services, a premier home health agency in Southern California. The acquired entity, to be rebranded as GrandCare Home Health, provides services across Los Angeles, Orange, Riverside, and San Diego counties.
The strategic acquisition strengthens Pennant's presence in California markets where it already maintains significant senior living operations. GrandCare is recognized for its clinical excellence, strong star ratings, low hospitalization rates, high employee engagement, and innovative technology approach.
The transaction aligns with Pennant's strategy to expand its home health services footprint and build a comprehensive continuum of care in Southern California. Current patients will maintain continuity of care while benefiting from Pennant's additional resources and expertise. Montauk AI served as the placement agent for the transaction.
Pennant Group (NASDAQ: PNTG) ha annunciato l'acquisizione di GrandCare Health Services, un'agenzia leader di assistenza domiciliare nel Sud della California. L'entità acquisita, che sarà rinominata GrandCare Home Health, offre servizi nelle contee di Los Angeles, Orange, Riverside e San Diego.
Questa acquisizione strategica rafforza la presenza di Pennant nei mercati californiani dove già gestisce importanti operazioni nel settore dell'assistenza agli anziani. GrandCare è riconosciuta per la sua eccellenza clinica, ottime valutazioni a stelle, bassi tassi di ospedalizzazione, alto coinvolgimento dei dipendenti e approccio tecnologico innovativo.
L'operazione è in linea con la strategia di Pennant di ampliare la propria offerta di servizi di assistenza domiciliare e costruire un continuum di cura completo nel Sud della California. I pazienti attuali manterranno la continuità delle cure beneficiando delle risorse e competenze aggiuntive di Pennant. Montauk AI ha agito come agente di collocamento per la transazione.
Pennant Group (NASDAQ: PNTG) ha anunciado la adquisición de GrandCare Health Services, una agencia líder de atención domiciliaria en el sur de California. La entidad adquirida, que será renombrada como GrandCare Home Health, ofrece servicios en los condados de Los Ángeles, Orange, Riverside y San Diego.
Esta adquisición estratégica fortalece la presencia de Pennant en los mercados de California donde ya mantiene operaciones significativas en residencias para personas mayores. GrandCare es reconocida por su excelencia clínica, altas calificaciones, bajos índices de hospitalización, alto compromiso del personal y enfoque tecnológico innovador.
La transacción se alinea con la estrategia de Pennant para expandir su presencia en servicios de atención domiciliaria y construir un continuum integral de cuidado en el sur de California. Los pacientes actuales mantendrán la continuidad en su atención mientras se benefician de los recursos y la experiencia adicionales de Pennant. Montauk AI actuó como agente colocador para la transacción.
Pennant Group (NASDAQ: PNTG)가 남부 캘리포니아의 선도적인 가정 건강 관리 기관인 GrandCare Health Services를 인수했다고 발표했습니다. 인수된 기관은 GrandCare Home Health로 브랜드가 변경되며 로스앤젤레스, 오렌지, 리버사이드, 샌디에이고 카운티 전역에서 서비스를 제공합니다.
이번 전략적 인수는 Pennant가 이미 주요 시니어 리빙 사업을 운영 중인 캘리포니아 시장에서 입지를 강화합니다. GrandCare는 임상 우수성, 높은 별점 평가, 낮은 입원율, 높은 직원 참여도, 혁신적인 기술 접근법으로 인정받고 있습니다.
이번 거래는 Pennant가 남부 캘리포니아에서 가정 건강 서비스 영역을 확장하고 포괄적인 케어 연속체를 구축하려는 전략과 부합합니다. 기존 환자들은 Pennant의 추가 자원과 전문성을 통해 지속적인 치료를 받을 수 있습니다. Montauk AI가 이번 거래의 배치 에이전트 역할을 했습니다.
Pennant Group (NASDAQ : PNTG) a annoncé l'acquisition de GrandCare Health Services, une agence de soins à domicile de premier plan dans le sud de la Californie. L'entité acquise, qui sera renommée GrandCare Home Health, fournit des services dans les comtés de Los Angeles, Orange, Riverside et San Diego.
Cette acquisition stratégique renforce la présence de Pennant sur les marchés californiens où elle opère déjà d'importantes activités de résidences pour personnes âgées. GrandCare est reconnue pour son excellence clinique, ses excellentes évaluations, ses faibles taux d'hospitalisation, son fort engagement des employés et son approche technologique innovante.
Cette opération s'inscrit dans la stratégie de Pennant visant à étendre son offre de services de soins à domicile et à construire un continuum de soins complet dans le sud de la Californie. Les patients actuels conserveront la continuité de leurs soins tout en bénéficiant des ressources et de l'expertise supplémentaires de Pennant. Montauk AI a agi en tant qu'agent de placement pour cette transaction.
Pennant Group (NASDAQ: PNTG) hat die Übernahme von GrandCare Health Services bekannt gegeben, einer führenden Agentur für häusliche Krankenpflege in Südkalifornien. Die erworbene Einheit wird unter dem Namen GrandCare Home Health firmieren und bietet Dienstleistungen in den Countys Los Angeles, Orange, Riverside und San Diego an.
Die strategische Übernahme stärkt Pennants Präsenz in den kalifornischen Märkten, in denen das Unternehmen bereits bedeutende Seniorenwohnangebote betreibt. GrandCare ist bekannt für seine klinische Exzellenz, hohe Sternebewertungen, niedrige Krankenhausraten, hohe Mitarbeiterbindung und innovativen Technologieeinsatz.
Die Transaktion entspricht Pennants Strategie, das Angebot an häuslichen Gesundheitsdiensten auszubauen und eine umfassende Versorgungskette in Südkalifornien zu schaffen. Bestehende Patienten behalten ihre Versorgungskontinuität und profitieren von den zusätzlichen Ressourcen und Fachkenntnissen von Pennant. Montauk AI fungierte als Vermittler bei der Transaktion.
- Expansion into four major California counties strengthening regional presence
- Acquisition of a provider with strong clinical metrics and star ratings
- Synergies with existing senior living operations in the region
- Addition of an agency with proven low hospitalization rates
- Integration of GrandCare's innovative technology approach
- None.
Insights
Pennant's strategic acquisition of GrandCare strengthens its Southern California presence and expands its home health services in key markets.
This acquisition represents a strategic expansion for Pennant in the competitive Southern California healthcare market. By acquiring GrandCare Health Services, Pennant gains immediate access to four populous counties—Los Angeles, Orange, Riverside, and San Diego—creating significant operational synergies with their existing senior living facilities in the region.
The transaction appears particularly valuable because it creates a vertical integration opportunity. Pennant can now build a more comprehensive care continuum by connecting their established senior living presence with these newly acquired home health capabilities. This integration typically improves patient outcomes while creating operational efficiencies and potential cross-referral opportunities.
GrandCare brings substantial clinical credentials to the table, including strong star ratings (a critical quality measure in home health reimbursement) and low hospitalization rates—both key performance indicators that typically translate to better reimbursement rates and stronger relationships with referral sources. Their technological approach, while not detailed, suggests potential differentiation in a sector that has been relatively slow to adopt digital innovation.
This acquisition aligns with broader industry trends toward home-based care models, which have accelerated post-pandemic as patients increasingly prefer receiving care at home rather than in institutional settings. For Pennant, expanding their home health footprint represents a forward-looking positioning in a healthcare segment expected to see continued growth as the population ages.
EAGLE, Idaho, July 01, 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 the acquisition of a premier home health agency, GrandCare Health Services. The newly acquired agency, to be known as GrandCare Home Health, provides services in Los Angeles, Orange, Riverside and San Diego counties in California, and broadens Pennant’s service area in the region.
“We are happy to welcome GrandCare Home Health to Pennant,” said Brent Guerisoli, Chief Executive Officer of Pennant. “This acquisition expands our ability to provide home health services to communities in the strategically important California markets where we already have a significant senior living presence. It will also strengthen our home health footprint in certain geographies. We look forward to building on GrandCare’s legacy of quality care while introducing new resources to enhance patient care.”
Patients can expect continuity in home health care delivery, with the added benefit of Pennant’s expanded resources, expertise, and innovative solutions.
“We are grateful for the trust extended to us by David and the GrandCare team. GrandCare’s clinical excellence, highlighted by their strong star ratings, low hospitalization rates, strong employee engagement and unique approach to technology, has made them a provider and employer of choice in Southern California,” said John Gochnour, President and Chief Operating Officer of Pennant. “We are delighted to partner with GrandCare’s dedicated staff members to build a continuum of care capable of delivering life-changing home health services to patients in communities across Southern California.”
“We are thrilled to be joining Pennant,” said David Bell, Ph.D., Chairman and Co-Founder of GrandCare. “From the beginning, it was clear that Pennant shares our belief in empowering local teams and delivering uncompromising clinical care. We look forward to working together through a successful transition and ensuring that GrandCare continues to deliver high-quality, patient-centered care.”
Montauk AI served as the placement agent for the transaction, supporting GrandCare through execution.
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 Arizona, California, Colorado, Connecticut, Idaho, Montana, 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. 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.
About GrandCare Health Services
GrandCare Health Services is a 5-star rated provider of home health and hospice services across Southern California. With deep clinical expertise in post-surgical rehabilitation and chronic disease management, GrandCare has delivered trusted care to more than 6,000 patients annually for over 20 years. The company is recognized for its quality outcomes, strategic partnerships, and compassionate care delivery.
SOURCE: The Pennant Group, Inc.
Contact Information The Pennant Group, Inc. (208) 401-1400 ir@pennantgroup.com
FAQ
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