( MENAFN - GlobeNewsWire - Nasdaq) EAGLE, Idaho, Nov. 01, 2024 (GLOBE NEWSWIRE) -- 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 operations of the following premier senior living facilities in Green Bay and Appleton, Wisconsin.
The Acquisition is effective today, November 1, 2024, and will be subject to a long-term, triple net lease: This strategic acquisition enhances Pennant's presence in the region and brings an additional 125 units under its management, enabling the company to better serve Wisconsin's growing senior population. Each community will continue to operate with exceptional dedication to quality and comfort, now bolstered by Pennant's resources and innovative operating model. “We are excited to welcome these communities into the Pennant portfolio.
Pennant's expansion in Wisconsin is a testament to our commitment to bringing high-quality, resident-centered care to more seniors and their families,” said Brent Guerisoli, Chief Executive Officer of Pennant. “This acquisition is a significant step forward in our mission to enhance senior care options in Wisconsin and beyond. Each community has a reputation for providing extraordinary care and a welcoming environment, values that align closely with our own.
We are grateful to build on this foundation and to continue to make a positive impact in the lives of our res.
