Pennant Group, Inc. (NASDAQ: PNTG) announced today the completion of a purchase of 54 home health, hospice, and personal care locations from UnitedHealth Group and Amedisys for a combined purchase price of $146.5 million. The asset package includes $189.3 million of trailing‑12‑month revenue, with roughly two‑thirds derived from home health services and one‑third from hospice care. The transaction was finalized on October 1, 2025, and the companies have entered into a transition services agreement to ensure a smooth handover of operations.
The newly acquired agencies are concentrated in Tennessee—a certificate‑of‑need state—along with additional sites in Georgia and Alabama. The deal provides Pennant with immediate access to a sizable patient base in the Southeast, a region where the company has not previously operated. By adding these locations, Pennant expands its service footprint into three new states, positioning it to capture a broader share of the growing post‑acute care market.
Strategically, the acquisition aligns with Pennant’s long‑term growth plan to enter high‑potential markets and diversify its geographic exposure. The addition of 54 locations is expected to increase Pennant’s revenue base and enhance its economies of scale in the home health and hospice segments. The transaction also strengthens the company’s leadership‑driven operating model by integrating experienced local teams that can be leveraged across Pennant’s existing portfolio.
"This marks an exciting new chapter in Pennant’s growth journey," said CEO Brent Guerisoli. "Entering the Southeast is a strategic move for us, and we do so from a position of strength, building on proven leadership, operational excellence, and a clear vision for the future. This acquisition opens the door for emerging leaders in this new region to grow within Pennant’s innovative platform."
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