M&A: Pennant Group, Inc.

Form Type: 8-K

Filing Date: 2025-01-02

Corporate Action: Acquisition

Type: New

Accession Number: 000176640025000003

Comments: On January 1, 2025, Cornerstone Healthcare, Inc., a wholly-owned subsidiary of The Pennant Group, Inc., completed the acquisition of Signature Healthcare at Home's assets. This acquisition involved two agreements where Cornerstone purchased home health and hospice assets in Idaho, Oregon, and Washington. The assets in Washington and Idaho were acquired for $32,000,000, while the assets in Oregon were acquired for $48,480,000. The purchase price was settled with cash on hand. The acquisition was previously announced in the Company’s current report on Form 8-K dated July 11, 2024.

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