The Pennant Group adds 40 memory care units in Tucson through the acquisition of Copper Canyon Memory Care.
The Pennant Group (PNTG) announced the acquisition of Copper Canyon Memory Care, a senior living community in Tucson, Arizona. The deal includes both the real estate and operations, adding 40 memory care units to the company’s Arizona portfolio.
The acquisition aligns with PNTG’s strategy to expand its senior living services in the region. No financial terms were disclosed in the announcement. The company operates a network of senior care facilities across multiple states.
PNTG shares were last trading at $22.45, reflecting a modest gain in premarket activity.