Pennant Group (PNTG) acquired certain operations from UnitedHealth Group (UNH). The operations were divested pursuant to UnitedHealth’s and Amedisys’ antitrust settlement with the United States Justice Department. Pennant is purchasing divested home health, hospice, and personal care services in Tennessee, Georgia and Alabama for a combined purchase price of $146.5M. The asset package includes 54 locations. The acquired agencies are primarily located in Tennessee, a certificate of need state. Approximately two-thirds of the revenue is connected to home health and one-third to hospice. Pennant and UnitedHealth have a transition services agreement in place to facilitate a smooth transition, and Pennant has prepared throughout 2025 to execute on the transaction.
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