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The Pennant Group (NASDAQ: PNTG) has announced the acquisition of three premier senior living facilities, effective February 1, 2025. The expansion includes one facility in Idaho under a triple net lease with a purchase option, and two facilities in Texas under a long-term triple net lease.
The acquisitions add 188 units to Pennant’s operations, offering both assisted living and memory care services. This strategic move strengthens the company’s national presence and aligns with its mission to provide high-quality personalized care for seniors.
CEO Brent Guerisoli emphasized this expansion as a step forward in key markets, while Andrew Rider, President of Pinnacle Senior Living , Pennant’s senior living subsidiary, highlighted the company’s commitment to delivering exceptional care while pursuing long-term growth.
The Pennant Group (NASDAQ: PNTG) ha annunciato l’acquisizione di tre strutture residenziali per anziani di primo livello, a partire dal 1 febbraio 2025. L’espansione include una struttura in Idaho con un contratto di locazione triple net e un’opzione di acquisto, e due strutture in Texas con un contratto di locazione triple net a lungo termine.
Le acquisizioni aggiungono 188 unitĆ alle operazioni di Pennant, offrendo servizi di assistenza agli anziani e di cura della memoria. Questa mossa strategica rafforza la presenza nazionale dell’azienda e si allinea alla sua missione di fornire assistenza personalizzata di alta qualitĆ agli anziani.
Il CEO Brent Guerisoli ha sottolineato questa espansione come un passo avanti nei mercati chiave, mentre Andrew Rider, Presidente di Pinnacle Senior Living, la sussidiaria di Pennant per la residenza senior, ha evidenziato l’impegno dell’azienda a fornire assistenza eccezionale perseguendo al contempo una crescita a lungo termine.
The Pennant Group (NASDAQ: PNTG) ha anunciado la adquisiciĆ³n de tres instalaciones de vivienda asistida de primer nivel, efectiva el 1 de febrero de 2025. La expansiĆ³n incluye una instalaciĆ³n en Idaho bajo un contrato de arrendamiento triple neto con opciĆ³n de compra, y dos instalaciones en Texas bajo un contrato de arrendamiento triple neto a largo plazo.
Las adquisiciones aƱaden 188 unidades a las operaciones de Pennant, ofreciendo tanto servicios de vida asistida como de cuidado de la memoria. Este movimiento estratĆ©gico fortalece la presencia nacional de la empresa y se alinea con su misiĆ³n de proporcionar atenciĆ³n personalizada de alta calidad para los ancianos.
El CEO Brent Guerisoli enfatizĆ³ esta expansiĆ³n como un avance en mercados clave, mientras que Andrew Rider, Presidente de Pinnacle Senior Living, la subsidiaria de vivienda para ancianos de Pennant, destacĆ³ el compromiso de la empresa de ofrecer atenciĆ³n excepcional mientras persigue un crecimiento a largo plazo.
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The Pennant Group (NASDAQ: PNTG) a annoncĆ© l’acquisition de trois Ć©tablissements de vie pour seniors de premier plan, effective le 1er fĆ©vrier 2025. L’expansion comprend un Ć©tablissement dans l’Idaho sous un bail triple net avec option d’achat, et deux Ć©tablissements au Texas sous un bail triple net Ć long terme.
Les acquisitions ajoutent 188 unitĆ©s aux opĆ©rations de Pennant, offrant Ć la fois des services de vie assistĆ©e et de soins mĆ©moriels. Ce mouvement stratĆ©gique renforce la prĆ©sence nationale de l’entreprise et s’aligne avec sa mission de fournir des soins personnalisĆ©s de haute qualitĆ© aux seniors.
Le PDG Brent Guerisoli a soulignĆ© cette expansion comme une avancĆ©e sur des marchĆ©s clĆ©s, tandis qu’Andrew Rider, PrĆ©sident de Pinnacle Senior Living, la filiale de vie pour seniors de Pennant, a mis en avant l’engagement de l’entreprise Ć offrir des soins exceptionnels tout en poursuivant une croissance Ć long terme.
The Pennant Group (NASDAQ: PNTG) hat die Ćbernahme von drei erstklassigen Wohnanlagen fĆ¼r Senioren bekannt gegeben, die ab dem 1. Februar 2025 wirksam wird. Die Expansion umfasst eine Einrichtung in Idaho im Rahmen eines Triple-Net-Leases mit Kaufoption sowie zwei Einrichtungen in Texas unter langfristigem Triple-Net-Lease.
Die Akquisitionen fĆ¼gen 188 Einheiten zu den AktivitƤten von Pennant hinzu und bieten sowohl betreutes Wohnen als auch GedƤchtnispflege. Dieser strategische Schritt stƤrkt die nationale PrƤsenz des Unternehmens und entspricht seiner Mission, qualitativ hochwertige, personalisierte Pflege fĆ¼r Senioren bereitzustellen.
CEO Brent Guerisoli betonte diese Expansion als Fortschritt in wichtigen MƤrkten, wƤhrend Andrew Rider, PrƤsident von Pinnacle Senior Living, der Seniorenwohnungsmarkensparte von Pennant, das Engagement des Unternehmens hervorhob, auĆergewƶhnliche Pflege zu leisten und gleichzeitig ein langfristiges Wachstum anzustreben.
Positive
- Expansion of operational capacity by 188 units
- Strategic market expansion in Idaho and Texas
- Flexible acquisition terms with purchase option for Idaho facility
- Diversification of services including assisted living and memory care
Negative
- Long-term lease obligations increase fixed costs
- Triple net lease structure places additional operational expenses on Pennant
Insights
This strategic acquisition marks a significant expansion for Pennant Group, adding 188 units across three facilities in Idaho and Texas markets. The deal structure employs triple net leases, which typically provide predictable cash flows while shifting operational costs to the tenant, enhancing margin stability. The purchase option for the Idaho facility offers valuable future flexibility for capital deployment.
The market selection is particularly noteworthy. Both Idaho and Texas are experiencing above-average senior population growth, with Texas ranking second nationally in absolute senior population increases. Idaho’s relatively less saturated market presents opportunities for establishing strong market positions with less competitive pressure. The memory care component is especially strategic, as this high-acuity segment typically commands premium pricing and faces growing demand due to increasing dementia prevalence rates.
From an operational perspective, clustering properties in these states can drive economies of scale in staffing, marketing and administrative functions. The expansion brings Pennant’s portfolio to a size that should enhance its purchasing power while maintaining the operational efficiency of a mid-sized operator. This balanced growth approach, focusing on both established and emerging markets, suggests a well-conceived expansion strategy that could drive sustainable long-term value creation.
EAGLE, Idaho, Feb. 03, 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, announced today that effective February 1, 2025, it has acquired three premier senior living facilities in Idaho and Texas. The acquisition in Idaho is subject to a triple net lease with the option to purchase, and the two Texas facilities are subject to a long-term, triple net lease.
These acquisitions reinforce Pennantās commitment to expanding its national footprint and enhancing the quality of care for its senior residents. These transactions expand Pennantās operations by 188 units, comprised of both assisted living and memory care services. Pennant has strategically positioned itself to meet the growing demand for senior living services and these acquisitions bolster Pennantās mission to provide personalized, high-quality care.
āThe acquisitions in Idaho and Texas represent another step forward for Pennant as we continue to expand our operations in key markets across the country,ā said Brent Guerisoli, Chief Executive Officer of Pennant. āWe are dedicated to creating vibrant communities where seniors can thrive, and these facilities are an important addition to our portfolio.ā
āAs we simultaneously expand our presence in two states, we are excited to bring our expertise and commitment to excellence for the residents of each community,ā added Andrew Rider, President of Pinnacle Senior Living LLC, Pennantās senior living subsidiary. āThese acquisitions underscore our focus on long-term growth while delivering exceptional care to our residents.ā
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 www.pennantgroup.com.
SOURCE: The Pennant Group, Inc.
FAQ
How many senior living facilities did PNTG acquire in February 2025?
PNTG acquired three senior living facilities – one in Idaho and two in Texas, effective February 1, 2025.
What is the total unit capacity added through PNTG’s February 2025 acquisitions?
The acquisitions added 188 units to PNTG’s operations, including both assisted living and memory care services.
What type of lease agreement does PNTG have for the Idaho facility?
The Idaho facility is under a triple net lease with an option to purchase.
What are the lease terms for PNTG’s newly acquired Texas facilities?
The two Texas facilities are subject to a long-term, triple net lease agreement.
What types of services will PNTG offer in the newly acquired facilities?
The facilities will offer both assisted living and memory care services.
