EAGLE, Idaho, May  18, 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, announces the

PNTG

Pennant Announces an Acquisition of Senior Living Community in Arizona

Pennant Group Expands Arizona Presence with New Senior Living Acquisition

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>EAGLE, Idaho, May  18, 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, announces the</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>The Pennant Group has acquired Copper Canyon Memory Care in Tucson, boosting its operations by 40 units. This strategic expansion highlights management&#039;s confidence in Arizona&#039;s senior housing market, potentially driving future revenue growth and operational efficiency.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Pennant Group acquires Copper Canyon Memory Care in Tucson, Arizona.</li><li>The acquisition adds 40 units to Pennant&#039;s Arizona operations.</li><li>CEO emphasizes confidence in Arizona’s senior housing market fundamentals.</li><li>Expansion aims to enhance operating efficiency and community presence.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Pennant Group, Inc. (PNTG)</strong>: Recent acquisition supports growth strategy in senior living.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits as a Corporate Development, showcasing Pennant&#039;s strategic expansion to capture growth in the senior living market amidst an aging population demographic.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Acquisition could enhance Pennant&#039;s revenue potential in Arizona&#039;s growing senior care market.</li><li>Expansion may improve operating efficiency and competitiveness in memory care services.</li><li>Increased unit count could attract more residents and elevate overall market share.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Acquisition date: May 18, 2026.</li><li>New facility: Copper Canyon Memory Care, Tucson, AZ.</li><li>Acquisition increases units by 40 in Arizona operations.</li><li>Pennant operates over 100 facilities across 15 states.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider a bullish position on PNTG due to strategic growth initiatives.</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  18, 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, announces the acquisition of the real estate and operations of an established senior living community, Copper Canyon Memory Care in Tucson, Arizona. The newly acquired community offers memory care services and increases Pennant's Arizona operations by 40 units.</p>  <p align="justify">"This Tucson acquisition reflects Pennant's disciplined approach to capital deployment and our confidence in the long-term fundamentals of the Arizona senior housing market," said Brent Guerisoli, Chief Executive Officer of Pennant. "By selectively expanding in markets where we already have operating scale and proven leadership, we believe we can drive sustainable performance while continuing to deliver high-quality outcomes for residents."</p>  <p align="justify">"The addition of this community strengthens Pinnacle's Arizona portfolio and creates opportunities to enhance operating efficiency," added Andrew Rider, President of Pinnacle Senior Living LLC, Pennant's senior living subsidiary. "We are focused on leveraging local market expertise, and becoming a trusted, engaged presence in the Tucson community that enriches the lives of residents and families."</p>  <p align="justify">Pennant looks forward to working closely with residents, families, and staff to ensure a smooth transition and a bright future for this community.</p>  <p align="justify"><strong>About Pennant</strong><sup><strong>:</strong></sup></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=sRwkWgp2J-ZeglCDahW23v-Duqt5bNa9x8w4U7cJ2EggtFc79GZyKDeJejpVmcCdXuEzl2pWCjEdOh8iqBup3cXtVWwv2M3iZzICvxrYL14=" rel="nofollow" target="_blank">www.pennantgroup.com</a>.</p>  <p align="justify">SOURCE: The Pennant Group, Inc.</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcyMjUzNSM3NjA5ODMwIzIxODQ2OTM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MmRhNTYwODMtY2Q2MS00N2Q0LThiYzItYjBjY2JhNjI0YjRhLTExOTYyNDctMjAyNi0wNS0xOC1lbg==/tiny/Pennant-Group-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><pre>Contact Information

The Pennant Group, Inc.
(208) 401-1400
ir@pennantgroup.com</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 acquired Copper Canyon Memory Care in Tucson, boosting its operations by 40 units. This strategic expansion highlights management's confidence in Arizona's senior housing market, potentially driving future revenue growth and operational efficiency.

Pennant Announces an Acquisition of Senior Living Community in Arizona

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News