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 Footprint with Tucson 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, adding 40 units to its operations in Arizona. This move indicates the company’s strategic confidence in the local senior housing market and aims to enhance 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, expanding operations by 40 units.</li><li>Acquisition reflects confidence in Arizona&#039;s senior housing market fundamentals.</li><li>CEO emphasizes disciplined capital deployment and operational efficiency post-acquisition.</li><li>Expansion strengthens Pennant’s existing portfolio and enhances service delivery in Tucson.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Pinnacle Senior Living LLC</strong>: Subsidiary of Pennant, focused on enhancing senior living operations and community presence.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This acquisition falls under Corporate Developments as it represents strategic expansion and operational improvement for Pennant. The competitive landscape in senior living demands such moves to enhance market position and service quality.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Acquisition could lead to increased revenue and profitability in Arizona.</li><li>Improved operational efficiency may enhance overall performance metrics.</li><li>Strategic expansion supports a bullish outlook on future growth opportunities.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Pennant Group acquired Copper Canyon Memory Care in Tucson.</li><li>The acquisition adds 40 new memory care units to its Arizona operations.</li><li>Pennant has a proven leadership structure in Arizona&#039;s senior housing market.</li><li>The company focuses on enhancing high-quality outcomes for residents.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider PNTG as a buy for growth potential in Arizona over the next 12 months.</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, adding 40 units to its operations in Arizona. This move indicates the company’s strategic confidence in the local senior housing market and aims to enhance operational efficiency.

Pennant Announces an Acquisition of Senior Living Community in Arizona

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