The Pennant Group, Inc., the parent company of the Pennant group of affiliated home health, hospice, and senior living companies, announced that it has closed on the purchase of certain Oregon assets of Signature Healthcare at Home (“Signature”).
Pennant completed its purchase of Signature’s Idaho and Washington assets on August 1, 2024 and its purchase of certain of Signature’s Oregon assets on January 1, 2025, thus concluding the full two-stage acquisition as previously announced. The Oregon assets include seven locations across the state, adding to Pennant’s existing presence in Portland and Grant’s Pass.
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“We are delighted to welcome these operations to the Pennant fold,” said Brent Guerisoli, Pennant’s Chief Executive Officer. “This is a substantial purchase that allows us to serve multiple new markets across Oregon and cements Pennant as one of the leading providers of home health and hospice in the Pacific Northwest. Following a record-breaking year in 2024, we are excited to continue the growth of our home health and hospice business in 2025.”
“From the outset of this process, we knew that Signature’s culture and approach were well-aligned with Pennant,” said John Gochnour, Pennant’s President and Chief Operating Officer. “That has proven to be the case as we’ve integrated the Idaho and Washington operations over the previous two quarters. Due to the two-stage nature of this acquisition, we have enjoyed an extended transition period that has allowed us to get to know the Oregon leaders and operations very well. As Signature’s Oregon leaders tap into Pennant’s unique operating model and sharing of best practices, we couldn’t be more confident in their bright future.”
Source: GlobeNewsWire