Pennant Group acquires three senior living communities in Arizona, Wisconsin

The Pennant Group (PNTG) announced that effective May 1, it has assumed operations of three senior living communities across Arizona and Wisconsin, expanding Pennant’s operations by 194 units. The three operations are all subject to triple net leases. In Glendale, Arizona, Pennant has assumed operations of a 100-unit assisted living community formerly known as Amarsi Senior Living, which will now operate as Saguaro Assisted Living. In Neenah, Wisconsin, Pennant has assumed operations of a 45-unit assisted living community known as Emerald Ridge. The community will now operate as Cardinal Lane Senior Living. Additionally, Pennant has assumed operations of a 49-unit assisted living community formerly known as Anna’s House in In New Franken, Wisconsin. The community will now operate as Harbor Haven Senior Living.