Pennant rises on acquisition of Montana home health provider

Pennant group

02/05/2022 16:17

** Shares in healthcare services provider  PNTG.O  rise 6.9%
to $17.52; on course to snap four-session losing streak, if
gains hold
    ** PNTG says it has acquired assets of First Choice Home
Health, which provides home health and personal care services in
Bozeman, Montana, as it expands in the state  urn:newsml:reuters.com:*:nGNX7ZdqwZ
    ** Our acquisition pipeline is robust, and we look forward
to further activity this year in existing and new markets -
Pennant President Brent Guerisoli says in a statement
    ** PNTG also says it has acquired real estate underlying
Heritage Assisted Living of Twin Falls, an assisted living and
memory care community located in Idaho, marking the first owned
real estate asset in PNTG's portfolio
    ** PNTG shares have lost a quarter of their value this year

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))