Pennant puts acquisitions on hold for senior living but not home health, hospice
In the midst of a “challenging operating environment” for senior living, The Pennant Group does not plan to allocate capital for acquisitions in the sector in the near term “as our leaders focus their efforts on navigating the challenges of the pandemic and driving improved results in our existing buildings,” Chairman and CEO Danny Walker said Thursday on the holding company’s fourth-quarter and full-year 2020 earnings call.
