Pennant Group (PNTG) Acquires Nurses on Wheels

The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired Nurses on Wheels, Inc. (“Nurses on Wheels”), which provides hospice services in Corpus Christi, Texas and the surrounding communities.

“We are excited to expand the reach of our hospice operations in south Texas,” said Brent Guerisoli, Chief Executive Officer of Pennant. “Our strategy of empowering local leaders to meet the needs of local communities has resonated deeply across our platform and we look forward to bringing our innovative operating model and high-quality resources to enhance the services offered in south Texas.” Guerisoli added.

“Nurses on Wheels has a deep connection to Corpus Christ and the surrounding area, and we are honored to carry on this legacy of quality care.” said John Gochnour, President and Chief Operating Officer of Pennant. “We are thrilled to partner with this wonderful team of skilled clinicians and compassionate caregivers in delivering life-changing hospice services to residents of these communities,” added Mr. Gochnour.

Mr. Guerisoli reaffirmed that Pennant continues to pursue opportunities to acquire high quality home health, hospice and senior living businesses throughout the United States.

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