Pennant Group Finalizes $145M Acquisition of Amedisys & UnitedHealth Group Home Health Assets
The majority of these centers are in Tennessee, a certificate-of-need state. Pennant noted that approximately two-thirds of the revenue from these locations is tied to home health services, with the remaining one-third from hospice care.
The Pennant Group has finalized its $145.5 million acquisition of 54 former Amedisys and UnitedHealth Group (NYSE: UNH) hospice and home health locations across Tennessee, Alabama, and Georgia.
The majority of these centers are in Tennessee, a certificate-of-need state. Pennant noted that approximately two-thirds of the revenue from these locations is tied to home health services, with the remaining one-third from hospice care.
“This marks an exciting new chapter in Pennant’s growth journey,” said Pennant Group CEO Brent Guerisoli. “Entering the Southeast is a strategic move for us, and we do so from a position of strength, building on proven leadership, operational excellence, and a clear vision for the future. This acquisition opens the door for emerging leaders in this new region to grow within Pennant’s innovative platform.”
The divestiture to Pennant followed delays in UnitedHealth Group’s acquisition of Amedisys, which was under investigation and litigation by the U.S. Department of Justice. On Wednesday, the DOJ filed a Proposed Final Judgment in federal court that clears the way for the Pennant acquisition. Other locations affected by the deal are being transferred to BrightSpring Health Services (Nasdaq: BTSG).
Pennant, a holding company managing independent hospice, home health, and senior living providers across 13 states, aims to expand its footprint through this acquisition. In Q2 2025, the company reported $219 million in revenue, a 30.1% increase year over year, with the home health and hospice segment contributing $166 million, up 32.5% from the same period in 2024.
Looking ahead, Pennant intends to continue pursuing growth opportunities in home health, hospice, and senior living, focusing on both strategic and underperforming operations of various sizes.
Pennant COO John Gochnour highlighted the significance of the Tennessee market during a recent earnings call. “We believe the Tennessee market is unique, that there’s an immense amount of talent in our industries in that particular state and in the region, and we’re excited about the Alabama and Georgia assets as well and having a foothold in those regions,” Gochnour said. “But we’re really excited about the scale that we will have in Tennessee and the opportunities it will give us to impact that care continuum, interact with payers and become a resource to the communities in that state … We’re excited about how it positions us with a center of strength from which we can grow in the Southeast.”
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