Pennant Group (Nasdaq: PNTG) has accomplished the acquisition of sure belongings of Signature Healthcare at Residence in Oregon. The corporate beforehand acquired Signature's belongings in Idaho and Washington on August 1, 2024.

“We’re happy to welcome these actions to the Pennant group,” Brent Guerisoli, CEO of Pennant, stated in a press launch. “It is a substantial acquisition that can enable us to serve a number of new markets in Oregon and strengthen Pennant as one of many main residence well being and hospice suppliers within the Pacific Northwest. After a report 12 months in 2024, we’re excited to proceed the expansion of our residence care and hospice enterprise in 2025.”

The transaction concludes a two-phase acquisition. Signature's belongings in Oregon embrace seven areas. The deal builds on Pennant's footprint in Portland and Grant's Move.

“From the start of this course of, we knew that Signature's tradition and method aligned properly with Pennant's,” John Gochnour, president and COO of Pennant, stated within the assertion. “That has confirmed to be the case as we now have built-in operations in Idaho and Washington over the previous two quarters. Because of the two-phase nature of this acquisition, we loved an prolonged transition interval, which allowed us to get to know Oregon's leaders and operations very properly. As Signature's leaders in Oregon leverage Pennant's distinctive enterprise mannequin and share finest practices, we couldn't be extra assured of their brilliant future.”

Eagle, Idaho-based Pennant is a holding firm with independently operated subsidiaries that present healthcare companies. It has 122 residence well being and hospice businesses and 57 senior residing communities.

Havencrest's residence care platform acquires Sandhills Residence Care

Havencrest Capital Administration – ​​​​a Dallas-based healthcare non-public fairness agency – has acquired Sandhills Residence Care by its residence care platform Avid Well being at Residence. This deal marks Havencrest's fifth transaction beneath Avid.

“The continued progress of the Avid platform is important to assembly the rising demand for residence care companies throughout the nation,” stated Christopher W. Kersey, founder and managing accomplice of Havencrest, in a press launch. “The Avid staff continues to establish and work with high-quality organizations within the core areas.”

Based mostly in Rockingham, North Carolina, Sandhills is a private care firm with operations in 14 counties.

In the end, Chicago-based Avid Well being at House is a multi-state residence well being care supplier that gives private care, counseling, non-public nursing, respite care, in addition to Alzheimer's and dementia care.

The enterprise marks Avid's second transaction in North Carolina, additional increasing its presence on this market.

“The addition of Sandhills will allow Avid to increase entry to look after communities throughout North Carolina,” Avid CEO Jen Lentz stated within the assertion. “We’re excited to welcome Sandhills to the Avid household.”