EAGLE, Idaho, May  01, 2026  (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, announced today

PNTG

Pennant Acquires Senior Living Communities in Arizona and Wisconsin

Pennant Group Expands Operations with New Senior Living Communities

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>EAGLE, Idaho, May  01, 2026  (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, announced today</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>The Pennant Group has expanded its operations by taking over three senior living communities, adding 194 units in key markets. This strategic move aims to enhance operational efficiency and create long-term shareholder value in the growing healthcare sector.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Pennant Group expands by assuming operations of three senior living communities.</li><li>New locations add 194 units across Arizona and Wisconsin.</li><li>CEO indicates focus on disciplined growth and operational excellence.</li><li>Transitions support long-term shareholder value while enhancing care quality.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Saguaro Assisted Living (N/A)</strong>: This community adds significant units to Pennant&#039;s portfolio in Arizona.</li><li><strong>Cardinal Lane Senior Living (N/A)</strong>: Adds operational depth in Wisconsin, strengthening regional presence.</li><li><strong>Harbor Haven Senior Living (N/A)</strong>: Expands Pennant’s service offerings in crucial markets.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits into the &#039;Corporate Developments&#039; category as it involves strategic operational expansion that could lead to improved financial metrics and market positioning for Pennant Group.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Expansion may boost revenue in upcoming quarters through increased occupancy.</li><li>Strategic growth could enhance investor sentiment and support stock price appreciation.</li><li>Triple net leases may stabilize cash flow from these new operations.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Pennant assumed operations on May 1, 2026.</li><li>194 new units added across three communities.</li><li>Communities located in Arizona and Wisconsin.</li><li>Formerly 100-unit Amarsi Senior Living rebranded to Saguaro Assisted Living.</li><li>CEO emphasizes commitment to operational excellence and quality care.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>PNTG stock is expected to benefit from increased operational capacity and market presence in the near term.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">EAGLE, Idaho, May  01, 2026  (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PNTG">PNTG</a>), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, announced today that effective May 1<sup>st</sup> 2026, 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.</p>  <p align="justify">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.</p>  <p align="justify">"This group of transactions reflects our continued focus on disciplined growth and operational excellence," said Brent Guerisoli, Chief Executive Officer of Pennant. "These communities deepen our presence in and commitment to two of Pennant&#39;s most important and strategic markets. These transitions allow us to apply our proven operating model, strengthen performance, and create long-term value for shareholders while maintaining a strong focus on quality and sustainability."</p>  <p align="justify">Andew Rider, President of Pinnacle Senior Living LLC, Pennant's senior living subsidiary, added: "Most importantly, each of these transitions is about the people—residents who call these communities home and the team members who serve them every day. We are committed to smooth, thoughtful transitions that prioritize resident experience, support team continuity, and reinforce a culture of care, leadership, and accountability."</p>  <p align="justify">Pennant will work closely with residents, families, and on-site leadership teams to ensure continuity of care and seamless transitions of operations at each community.</p>  <p align="justify"><strong>About Pennant: </strong></p>  <p align="justify">The Pennant Group, Inc. is a holding company of independent operating subsidiaries that provide healthcare services through home health and hospice agencies and senior living communities located throughout Alabama, Arizona, California, Colorado, Connecticut, Georgia, Idaho, Montana, Nevada, Oklahoma, Oregon, Tennessee, Texas, Utah, Washington, Wisconsin and Wyoming. Each of these businesses is operated by a separate, independent operating subsidiary that has its own management, employees, and assets. References herein to the consolidated &#34;company&#34; and &#34;its&#34; assets and activities, as well as the use of the terms &#34;we,&#34; &#34;us,&#34; &#34;its&#34; and similar verbiage, are not meant to imply that The Pennant Group, Inc. has direct operating assets, employees or revenue, or that any of the home health and hospice businesses, senior living communities or the Service Center are operated by the same entity. More information about Pennant is available at <a href="https://www.globenewswire.com/Tracker?data=WqrycKd922pgpR5T3sHygsIJWvRruMS4zjm9UQUMlE9Zfi37UQy3tzUrYgVmctXX9ZMiAcVGjAct33VHy_CAg3yfjbe4LJcUNkD9kX9261w=" rel="nofollow" target="_blank">www.pennantgroup.com</a>.</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxMTc3NiM3NTc5MzE5IzIxODQ2OTM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NzdiMjQwZmMtNmIyMy00NzYzLTliYmMtZjI5NWQ5N2Q1M2VmLTExOTYyNDctMjAyNi0wNS0wMS1lbg==/tiny/Pennant-Group-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><pre>Contact Information

The Pennant Group, Inc.
(208) 401-1400
<a href="mailto:ir@pennantgroup.com">ir@pennantgroup.com</a>
SOURCE: The Pennant Group, Inc.</pre><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/d50f543c-fc54-437d-8007-600644587dfe"><img src="https://ml.globenewswire.com/media/d50f543c-fc54-437d-8007-600644587dfe/small/pennant-logo-png.png" border="0" width="150" height="25" alt="Primary Logo"></img></a></p>

The Pennant Group has expanded its operations by taking over three senior living communities, adding 194 units in key markets. This strategic move aims to enhance operational efficiency and create long-term shareholder value in the growing healthcare sector.

Pennant Acquires Senior Living Communities in Arizona and Wisconsin

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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