The Pennant Group Inc. has announced its acquisition of Guardian Hospice of Texas and Guardian Hospice of Oklahoma for an undisclosed amount.
Guardian Hospice of Texas is a senior living provider in Sherman, Texas that offers residents hospice care. The company provides skilled hospice services in the Grayson, Fannin, Collin, Cook, Denton and Hunt counties in Texas.
Guardian Hospice of Oklahoma received Medicare certification in 2015. The company is located in Calera, Oklahoma and offers hospice services across the Bryan, Choctaw, Atoka, Pushmataha, Johnston, Coal, Marshall, Murray, Pontotoc and Love counties in Oklahoma.
The Pennant Group is a holding company of independent operating subsidiaries that provide healthcare services through 99 home health and hospice agencies and 51 senior living communities located in Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. According to The Pennant Group’s FY 2022 financial reports, the company made a revenue of $473 million during FY 2022.
The acquisition of Guardian Hospice of Texas and Guardian Hospice of Oklahoma expands the reach of Pennant’s hospice operations in the states of Texas and Oklahoma. John Guerisoli, President and Chief Operating Officer of Pennant, reaffirmed that Pennant continues to pursue opportunities to acquire home health, hospice and senior living businesses throughout the United States. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the 78th Home Health & Hospice transaction of the year, and the ninth in the home hospice and palliative care subsector. This also marks Pennant’s fourth HH&H transaction of the year. The company has also announced acquisitions in Arizona, Idaho and Colorado.
