The Pennant Group, Inc. announced that it has acquired South Davis Home Health and South Davis Hospice, which provides skilled home health and hospice services in Davis County, Utah. The home health and hospice provider is based in Bountiful, Utah.
The Pennant Group is a holding company of independent operating subsidiaries that provide healthcare services through 112 home health and hospice agencies and 53 senior living communities located in Arizona, California, Colorado, Idaho, Iowa, 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. According to The Pennant Group’s FY 2023 financial reports, the company made a revenue of $545 million during FY 2023.
“This acquisition provides us with an opportunity to further expand in the state of Utah, and will complement our agencies throughout central and northern Utah,” said Brent Guerisoli, Chief Executive Officer of Pennant.
“We continue to be the provider of choice in these communities, and this opportunity expands our ability to provide life-changing hospice services to residents of Davis County and its surrounding communities,” Guerisoli added.
Guerisoli reaffirmed that Pennant continues to pursue opportunities to acquire high quality 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 represents the 27th Home Health & Hospice (HH&H) deal of 2024. This is a slight decrease from last year, when there were 32 HH&H deals announced between January 1, 2023, and May 2, 2023.
