{"id":865899,"date":"2025-07-01T17:12:21","date_gmt":"2025-07-01T21:12:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pennant-announces-home-health-acquisition-in-southern-california\/"},"modified":"2025-07-01T17:12:21","modified_gmt":"2025-07-01T21:12:21","slug":"pennant-announces-home-health-acquisition-in-southern-california","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pennant-announces-home-health-acquisition-in-southern-california\/","title":{"rendered":"Pennant Announces Home Health Acquisition in Southern California"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">EAGLE, Idaho, July  01, 2025  (GLOBE NEWSWIRE) &#8212; The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, announces the acquisition of a premier home health agency, GrandCare Health Services. The newly acquired agency, to be known as <strong>GrandCare Home Health<\/strong>, provides services in Los Angeles, Orange, Riverside and San Diego counties in California, and broadens Pennant\u2019s service area in the region.<\/p>\n<p align=\"justify\">\u201cWe are happy to welcome GrandCare Home Health to Pennant,\u201d said Brent Guerisoli, Chief Executive Officer of Pennant. \u201cThis acquisition expands our ability to provide home health services to communities in the strategically important California markets where we already have a significant senior living presence. It will also strengthen our home health footprint in certain geographies. We look forward to building on GrandCare\u2019s legacy of quality care while introducing new resources to enhance patient care.\u201d<\/p>\n<p align=\"justify\">Patients can expect continuity in home health care delivery, with the added benefit of Pennant\u2019s expanded resources, expertise, and innovative solutions.<\/p>\n<p align=\"justify\">\u201cWe are grateful for the trust extended to us by David and the GrandCare team. GrandCare\u2019s clinical excellence, highlighted by their strong star ratings, low hospitalization rates, strong employee engagement and unique approach to technology, has made them a provider and employer of choice in Southern California,\u201d said John Gochnour, President and Chief Operating Officer of Pennant. \u201cWe are delighted to partner with GrandCare\u2019s dedicated staff members to build a continuum of care capable of delivering life-changing home health services to patients in communities across Southern California.\u201d<\/p>\n<p align=\"justify\">\u201cWe are thrilled to be joining Pennant,\u201d said David Bell, Ph.D., Chairman and Co-Founder of GrandCare. \u201cFrom the beginning, it was clear that Pennant shares our belief in empowering local teams and delivering uncompromising clinical care. We look forward to working together through a successful transition and ensuring that GrandCare continues to deliver high-quality, patient-centered care.\u201d<\/p>\n<p align=\"justify\">Montauk AI served as the placement agent for the transaction, supporting GrandCare through execution.<\/p>\n<p align=\"justify\">\n        <strong>About Pennant<\/strong><br \/>\n        <sup><br \/>\n          <strong>:<\/strong><br \/>\n        <\/sup>\n      <\/p>\n<p align=\"justify\">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 &#8220;company&#8221; and &#8220;its&#8221; assets and activities, as well as the use of the terms &#8220;we,&#8221; &#8220;us,&#8221; &#8220;its&#8221; 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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oFKRCjMvKkITZpJpvLaUyCnXW7CTjbSIB7YjxcTKC8vxye8oJE1-gn_FZX5zUMQakFc8p4QjWMXVdOMh4MBOlITGGoAS3JN_87Zo4WvRb-Q=\" rel=\"nofollow\" target=\"_blank\">www.pennantgroup.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About GrandCare Health Services<\/strong>\n      <\/p>\n<p align=\"justify\">GrandCare Health Services is a 5-star rated provider of home health and hospice services across Southern California. With deep clinical expertise in post-surgical rehabilitation and chronic disease management, GrandCare has delivered trusted care to more than 6,000 patients annually for over 20 years. The company is recognized for its quality outcomes, strategic partnerships, and compassionate care delivery.<\/p>\n<p align=\"justify\">SOURCE: The Pennant Group, Inc.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4Nzk5MSM3MDI3Nzg1IzIxODQ2OTM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MTkzNTViYjEtZmUxZS00YzAwLWE5MTItMTM3NDY3M2ZiZDAxLTExOTYyNDctMjAyNS0wNy0wMS1lbg==\/tiny\/Pennant-Group-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contact Information\r\n\r\nThe Pennant Group, Inc.\r\n(208) 401-1400\r\nir@pennantgroup.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EAGLE, Idaho, July 01, 2025 (GLOBE NEWSWIRE) &#8212; The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, announces the acquisition of a premier home health agency, GrandCare Health Services. The newly acquired agency, to be known as GrandCare Home Health, provides services in Los Angeles, Orange, Riverside and San Diego counties in California, and broadens Pennant\u2019s service area in the region. \u201cWe are happy to welcome GrandCare Home Health to Pennant,\u201d said Brent Guerisoli, Chief Executive Officer of Pennant. \u201cThis acquisition expands our ability to provide home health services to communities in the strategically important California markets where we already have a significant senior living &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pennant-announces-home-health-acquisition-in-southern-california\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Pennant Announces Home Health Acquisition in Southern California&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-865899","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pennant Announces Home Health Acquisition in Southern California - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pennant-announces-home-health-acquisition-in-southern-california\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pennant Announces Home Health Acquisition in Southern California - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"EAGLE, Idaho, July 01, 2025 (GLOBE NEWSWIRE) &#8212; The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, announces the acquisition of a premier home health agency, GrandCare Health Services. The newly acquired agency, to be known as GrandCare Home Health, provides services in Los Angeles, Orange, Riverside and San Diego counties in California, and broadens Pennant\u2019s service area in the region. \u201cWe are happy to welcome GrandCare Home Health to Pennant,\u201d said Brent Guerisoli, Chief Executive Officer of Pennant. \u201cThis acquisition expands our ability to provide home health services to communities in the strategically important California markets where we already have a significant senior living &hellip; Continue reading &quot;Pennant Announces Home Health Acquisition in Southern California&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pennant-announces-home-health-acquisition-in-southern-california\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-01T21:12:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4Nzk5MSM3MDI3Nzg1IzIxODQ2OTM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennant-announces-home-health-acquisition-in-southern-california\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennant-announces-home-health-acquisition-in-southern-california\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Pennant Announces Home Health Acquisition in Southern California\",\"datePublished\":\"2025-07-01T21:12:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennant-announces-home-health-acquisition-in-southern-california\\\/\"},\"wordCount\":545,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennant-announces-home-health-acquisition-in-southern-california\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ4Nzk5MSM3MDI3Nzg1IzIxODQ2OTM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennant-announces-home-health-acquisition-in-southern-california\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennant-announces-home-health-acquisition-in-southern-california\\\/\",\"name\":\"Pennant Announces Home Health Acquisition in Southern California - 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