01:24 PM EDT, 07/11/2024 (MT Newswires) -- Pennant Group ( PNTG ) said Thursday it has signed asset purchase agreements to acquire assets of certain affiliates of Signature Healthcare at Home for $80 million.

Pennant said the purchase of the Washington and Idaho assets is expected to close Aug. 1, and the Oregon assets Jan. 1, 2025.

The company said the acquisition will add to its existing strength in the region while building out its operational footprint. Signature is a provider of home health and hospice services in the Pacific Northwest.

Shares of Pennant Group ( PNTG ) were up more than 2% in recent trading.

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