The Pennant Group prices public offering of 3,500,000 shares of common stock for $31 each.

From GlobeNewswire: 2024-10-02 20:34:17

The Pennant Group, Inc. announced the pricing of an underwritten public offering of 3,500,000 shares of common stock at $31.00 per share, with gross proceeds expected to be $108.5 million. The offering is expected to close around October 4, 2024. Citigroup and Truist Securities are leading the offering, with Wells Fargo Securities and RBC Capital Markets as joint book-running managers. The net proceeds will be used to repay outstanding debt and for general corporate purposes. The company operates 117 home health and hospice agencies and 54 senior living communities across several states.



Read more at GlobeNewswire: The Pennant Group Announces Pricing of Public Offering of