Pennant Acquires Southern Arizona Hospice Provider; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
The Pennant Group, Inc. (NASDAQ:PNTG) has announced the acquisition of Valor HospiceCare, a provider of skilled hospice services in Tucson, Green Valley, and Sierra Vista, Arizona. The financial terms of the deal were not disclosed. This acquisition expands Pennant's operations in Arizona and aligns with their strategy to acquire high quality home health, hospice, and senior living businesses throughout the United States.
September 01, 2023 | 7:57 pm
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Pennant's acquisition of Valor HospiceCare expands its operations in Arizona, potentially increasing its market share and revenues in the region.
The acquisition of Valor HospiceCare allows Pennant to expand its operations in Arizona, a move that could potentially increase its market share and revenues in the region. This aligns with Pennant's strategy to acquire high quality home health, hospice, and senior living businesses throughout the United States, indicating a positive short-term impact on the company's stock.
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