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Pennant Acquires California Hospice And Home Health Provider

Aug 16, 2022•over 3 years ago

Acquiring Company

Pennant

Acquired Company

Home

EagleHealth Care

Description

The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired the assets of Ardent Hospice and Palliative Care, which provides hospice and home health services in the Central Valley, Palm Springs, and San Diego, California.

Company Information

Company

Pennant

Location

Eagle, Idaho, United States

About

The Pennant Group, Inc. is a holding company of independent operating subsidiaries that provide healthcare services through 104 home health and hospice agencies and 53 senior living communities located throughout the United States. Each of these businesses is operated by a separate, independent operating subsidiary that has its own management, employees and assets.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed