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UPDATE — Pennant Completes Purchase of Tennessee, Georgia and Alabama Operations from UnitedHealth Group and Amedisys

PNTG
  • The Pennant Group, Inc. acquired certain home health, hospice, & personal care operations from UnitedHealth Group's Optum unit on October 1, 2025.
  • The acquisition covers 54 locations in Tennessee, Georgia, & Alabama with a combined purchase price of $146.5 million.
  • The asset package generated $189.3 million in combined revenue over the trailing twelve months.
  • Approximately two-thirds of the acquired revenue is derived from home health services, while one-third comes from hospice.
  • Most acquired agencies are located in Tennessee, a certificate of need state.
  • A transition services agreement is in place to facilitate a smooth operational handover.
  • Pennant plans to integrate the agencies into its portfolio while maintaining the operating model of the Southeast region.
  • The company will continue to seek strategic growth opportunities across home health, hospice, & senior living sectors.
  • Robinson & Cole LLP & Paul Hastings LLP advised on legal matters, with Truist Securities serving as the financial advisor.