EAGLE, Idaho—The Pennant Group, Inc. announced its purchase of the Washington and Idaho assets of Signature Healthcare at Home. The Pennant Group is a company focused on affiliated home health, hospice and senior living.
Pennant previously announced its agreement to purchase the Signature assets, with the planned closing of Signature’s Washington and Idaho assets on Aug. 1, 2024. A second purchase agreement of Signature’s Oregon business is intended to close on Jan. 1, 2025.
The acquisition of Washington and Idaho’s assets will enhance Pennant’s existing presence in Idaho and establish Pennant’s footprint in Washington, a critical certificate of need state.
John Gochnour, Pennant’s president and COO, said the Pennant family is excited to welcome the Signature team as they close on the first phase of acquisition.
“We are grateful to the Signature team, all of whom have been so welcoming to our operational and service center teams as we have begun the work of transition,” said Gochnour. “We look forward to building on Signature’s impressive legacy of quality care as we implement Pennant’s unique operating model, innovative technology stack, best practices, and world-class resource support to benefit communities across Washington and Western Idaho.”
“In Signature, we have a found a uniquely complementary opportunity in key communities and geographies for Pennant,” said Brent Guerisoli, Pennant's CEO. “We are particularly excited about this acquisition in locations where Pennant has high-performing leaders and current operations who can support the Signature’s talented leaders and help them develop as they accelerate their ability to provide life changing service in their communities.”
