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Pennant Announces an Acquisition of Senior Living Community in Arizona

  • The Pennant Group, Inc. acquired the real estate & operations of Copper Canyon Memory Care in Tucson, Arizona.
  • The acquisition adds 40 memory care units to Pennant's existing Arizona portfolio.
  • CEO Brent Guerisoli cited the deal as evidence of disciplined capital deployment & confidence in Arizona's senior housing market fundamentals.
  • Andrew Rider, President of Pinnacle Senior Living LLC, noted the purchase strengthens the Arizona portfolio & creates opportunities for enhanced operating efficiency.
  • Pennant plans to collaborate with residents, families, & staff to ensure a smooth transition for the community.
  • The Pennant Group operates independent subsidiaries providing home health, hospice, & senior living services across 18 states.