A provider of home health, hospice, and senior living services across 16 states, running home health and hospice agencies plus senior living communities where local leaders make the day-to-day calls with backing from a central service team. It became its own publicly traded company in 2019 when it spun off from The Ensign Group, which had built up these in-home and senior living operations over the prior decade. The name nods to the small triangular flag, a fitting image for a firm that calls its far-flung operations a "cluster model" of locally empowered teams.
Pennant Group holds 2026 annual meeting, elects three Class I directors and ratifies Deloitte as auditor.
The Pennant Group held its Annual Meeting of Stockholders on May 14, 2026, with 30,486,574 shares present in person or by proxy out of 34,953,297 outstanding shares.
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Christopher R. Christensen, Brent J. Guerisoli, and John G. Nackel, Ph.D. were elected as Class I directors to serve until the 2029 Annual Meeting.
The appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 was ratified with 30,375,069 votes for.
The advisory vote on named executive officer compensation was approved with 21,632,263 votes for and 5,954,153 against.
The report was filed under Item 5.07 to disclose the voting results of the annual meeting.
5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Pennant Group expands credit facility by $100M to $350M via new term loan
On November 3, 2025, The Pennant Group entered into a First Amendment to its Amended and Restated Credit Agreement with Truist Bank as administrative agent.
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The amendment adds a $100 million incremental term loan A facility, increasing the total credit facility to $350 million.
The incremental term loans bear the same interest rate and maturity date as the existing revolving facility.
Proceeds from the incremental term loans were used to refinance a portion of outstanding revolving loans and pay related fees and expenses.
CEO Brent Guerisoli stated the expansion strengthens the balance sheet and provides additional capacity to fund future growth.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Pennant Group completes $146.5M acquisition of home health, hospice, and personal care operations in Tennessee, Georgia, and Alabama from UnitedHealth and Amedisys.
The Pennant Group, Inc. closed the acquisition on October 1, 2025, under a Purchase Agreement dated April 30, 2025, as amended.
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Total cash consideration was $146,531,160, subject to post-closing adjustments.
The acquired operations include 54 locations providing home health, hospice, and personal care services, primarily in Tennessee.
The divestiture was required by the antitrust settlement between UnitedHealth, Amedisys, and the U.S. Justice Department.
A transition services agreement with UnitedHealth is in place to facilitate the transition.
2.01 Completion of Acquisition or Disposition of Assets · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Pennant Group amends purchase agreement, raising price to $146.5M for home health, hospice, palliative assets.
On October 1, 2025, The Pennant Group, Inc. and its subsidiaries entered into a First Amendment to the Purchase Agreement dated April 30, 2025.
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The amendment expands the original transaction to include additional equity interests and assets from UnitedHealth Group and Amedisys, Inc. and other sellers.
The purchase price increased from $102,484,000 to $146,531,160 to account for the additional assets and entities.
Asset Buyer assigned rights to certain assets to Threemile River Healthcare LLC, and Equity Buyer assigned rights to certain assets to Bashaw River Healthcare LLC, both wholly-owned subsidiaries of the Company.
The transaction involves the acquisition of businesses providing home health, hospice, or palliative care services.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits