Over two years after spinning off from The Ensign Group (Nasdaq: ENSG), Eagle, Idaho-based The Pennant Group (Nasdaq: PNTG) stands at 87 home health and hospice agencies, plus 54 senior living communities. The company has locations throughout 14 states overall.
The Pennant Group is, no doubt, a large-scale provider with plenty of resources at its disposal. It’s this scale and reach that the company uses to back the small and mid-sized local home health agencies it often acquires.
That’s because, for Pennant CEO Danny Walker, health care is a local business. The company thrives by purchasing community-driven agencies with strong ties to their specific markets. Once these companies are part of Pennant, the leaders are given the space to remain decisionmakers.
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The post Beyond the Bottom Line: Why M&A Isn’t Just About EBITDA for The Pennant Group appeared first on Home Health Care News.
