Pennant Buys Senior Living Community In Idaho; Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Pennant has acquired the operations of Veranda Senior Living at Paramount, a 73-unit assisted living and memory care community in Meridian, Idaho. The financial terms of the acquisition were not disclosed.
May 01, 2024 | 9:33 pm
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Pennant's acquisition of Veranda Senior Living at Paramount could potentially enhance its market position in the senior living sector and may positively impact its financial performance in the long term.
Acquisitions in the senior living sector can expand Pennant's operational footprint and diversify its revenue sources, which is generally positive for the company's growth prospects. However, without financial terms disclosed, the immediate financial impact remains uncertain.
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