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'entit脿 acquisita, che sar脿 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 gi脿 gestisce importanti operazioni nel settore dell'assistenza agli anziani. GrandCare 猫 riconosciuta per la sua eccellenza clinica, ottime valutazioni a stelle, bassi tassi di ospedalizzazione, alto coinvolgimento dei dipendenti e approccio tecnologico innovativo.
L'operazione 猫 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 continuit脿 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 adquisici贸n de GrandCare Health Services, una agencia l铆der de atenci贸n domiciliaria en el sur de California. La entidad adquirida, que ser谩 renombrada como GrandCare Home Health, ofrece servicios en los condados de Los 脕ngeles, Orange, Riverside y San Diego.
Esta adquisici贸n estrat茅gica 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 cl铆nica, altas calificaciones, bajos 铆ndices de hospitalizaci贸n, alto compromiso del personal y enfoque tecnol贸gico innovador.
La transacci贸n se alinea con la estrategia de Pennant para expandir su presencia en servicios de atenci贸n domiciliaria y construir un continuum integral de cuidado en el sur de California. Los pacientes actuales mantendr谩n la continuidad en su atenci贸n mientras se benefician de los recursos y la experiencia adicionales de Pennant. Montauk AI actu贸 como agente colocador para la transacci贸n.
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Pennant Group (NASDAQ : PNTG) a annonc茅 l'acquisition de GrandCare Health Services, une agence de soins 脿 domicile de premier plan dans le sud de la Californie. L'entit茅 acquise, qui sera renomm茅e GrandCare Home Health, fournit des services dans les comt茅s de Los Angeles, Orange, Riverside et San Diego.
Cette acquisition strat茅gique renforce la pr茅sence de Pennant sur les march茅s californiens o霉 elle op猫re d茅j脿 d'importantes activit茅s de r茅sidences pour personnes 芒g茅es. GrandCare est reconnue pour son excellence clinique, ses excellentes 茅valuations, ses faibles taux d'hospitalisation, son fort engagement des employ茅s et son approche technologique innovante.
Cette op茅ration s'inscrit dans la strat茅gie de Pennant visant 脿 茅tendre son offre de services de soins 脿 domicile et 脿 construire un continuum de soins complet dans le sud de la Californie. Les patients actuels conserveront la continuit茅 de leurs soins tout en b茅n茅ficiant des ressources et de l'expertise suppl茅mentaires de Pennant. Montauk AI a agi en tant qu'agent de placement pour cette transaction.
Pennant Group (NASDAQ: PNTG) hat die 脺bernahme von GrandCare Health Services bekannt gegeben, einer f眉hrenden Agentur f眉r h盲usliche Krankenpflege in S眉dkalifornien. 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 脺bernahme st盲rkt Pennants Pr盲senz in den kalifornischen M盲rkten, in denen das Unternehmen bereits bedeutende Seniorenwohnangebote betreibt. GrandCare ist bekannt f眉r seine klinische Exzellenz, hohe Sternebewertungen, niedrige Krankenhausraten, hohe Mitarbeiterbindung und innovativen Technologieeinsatz.
Die Transaktion entspricht Pennants Strategie, das Angebot an h盲uslichen Gesundheitsdiensten auszubauen und eine umfassende Versorgungskette in S眉dkalifornien zu schaffen. Bestehende Patienten behalten ihre Versorgungskontinuit盲t und profitieren von den zus盲tzlichen 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鈥擫os Angeles, Orange, Riverside, and San Diego鈥攃reating 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鈥攂oth 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鈥檚 service area in the region.
鈥淲e are happy to welcome GrandCare Home Health to Pennant,鈥� said Brent Guerisoli, Chief Executive Officer of Pennant. 鈥淭his 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鈥檚 legacy of quality care while introducing new resources to enhance patient care.鈥�
Patients can expect continuity in home health care delivery, with the added benefit of Pennant鈥檚 expanded resources, expertise, and innovative solutions.
鈥淲e are grateful for the trust extended to us by David and the GrandCare team. GrandCare鈥檚 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,鈥� said John Gochnour, President and Chief Operating Officer of Pennant. 鈥淲e are delighted to partner with GrandCare鈥檚 dedicated staff members to build a continuum of care capable of delivering life-changing home health services to patients in communities across Southern California.鈥�
鈥淲e are thrilled to be joining Pennant,鈥� said David Bell, Ph.D., Chairman and Co-Founder of GrandCare. 鈥淔rom 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.鈥�
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 .
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 [email protected]
FAQ
What counties will Pennant's GrandCare Home Health serve in California?
How will the GrandCare acquisition affect Pennant's market presence?
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Who facilitated the acquisition transaction between Pennant and GrandCare?
