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Stock impact report

The Pennant Group Acquires Home Health Agency in Nevada

The Pennant Group, Inc. (PNTG) 
Last the pennant group, inc. earnings: 3/4 04:22 pm Check Earnings Report
Company Research Source: GlobeNewswire
EAGLE, Idaho, Jan. 02, 2020 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that a subsidiary of Cornerstone Healthcare, Inc., Pennant’s home health and hospice portfolio subsidiary, has acquired the assets of Desert View Home Health, which provides home health services in Clark County, Nevada. The acquisition was effective January 1, 2020. “We have been eager for some time to pair home health services with our hospice operations in Las Vegas and the surrounding communities,” said Daniel Walker, Pennant’s Chief Executive Officer and President. “This transaction is an example of one of the many levers we can pull throughout our organization to accelerate additional organic growth,” Mr. Walker added. The home health agency will be operated under the same local leadership as a Cornerstone affiliate that provides hospice services in Southern Nevada. The Show less Read more
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