Pennant Acquires South Davis Home Health And South Davis Hospice; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Pennant Group, Inc. (PNTG) has expanded its portfolio by acquiring South Davis Home Health and South Davis Hospice, which offer skilled home health and hospice services in Davis County, Utah. The financial terms of the deal were not disclosed.
May 01, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Pennant Group's acquisition of South Davis Home Health and Hospice could enhance its service offerings in Utah, potentially leading to increased market share and revenue in the region.
Acquisitions in the healthcare sector often lead to increased market presence and revenue growth. Although the terms were not disclosed, the strategic expansion into Davis County, Utah, by acquiring entities providing essential services like home health and hospice care, suggests a positive outlook for PNTG's growth in the region.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90