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 assuming control of three senior living communities, adding 194 units in Arizona and Wisconsin. This expansion reinforces Pennant&#039;s strategic presence while ensuring a focus on quality care and sustained operational excellence.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Pennant Group expands operations with three senior living communities.</li><li>New operations add 194 units in Arizona and Wisconsin.</li><li>Communities subject to triple net leases enhance strategic presence.</li><li>CEO highlights focus on disciplined growth and operational excellence.</li><li>Seamless resident transitions prioritized during operational changes.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Pinnacle Senior Living LLC (N/A)</strong>: The subsidiary responsible for managing new senior living operations.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This announcement fits into &#039;Corporate Developments&#039; as it reflects strategic growth initiatives and operational efficiencies that Pennant is implementing to enhance its service offerings and financial performance.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Expansion increases revenue potential through enhanced operational scale.</li><li>Strong focus on quality care may improve resident retention and referrals.</li><li>Triple net lease structures may provide predictable cash flow.</li><li>Management&#039;s commitment to operational excellence could drive shareholder value.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Pennant Group added 194 senior living units effective May 1, 2026.</li><li>Operations include communities in Arizona and Wisconsin.</li><li>Communities are subject to triple net leases.</li><li>CEO emphasizes disciplined growth and operational excellence.</li><li>The company operates in multiple states, enhancing its market reach.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>PNTG is positioned for growth post-expansion; consider a bullish stance over 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 assuming control of three senior living communities, adding 194 units in Arizona and Wisconsin. This expansion reinforces Pennant's strategic presence while ensuring a focus on quality care and sustained operational excellence.

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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