Home Health & Hospice Week
Ensign Group To Spin Off Home Health, Hospice Business
The Ensign Group Inc. plans to spin off its “home health and hospice agencies and substantially all of its senior living businesses into a separate publicly-traded company,” the Mission Viejo, California-based company says. The separated company, which will be named The Pennant Group Inc., will also include Ensign’s mobile diagnostic and clinical laboratory operations. Ensign will keep its transitional and skilled services, rehabilitative care services, healthcare campuses, post-acute-related new business ventures, and real estate investments, it says. Pennant will consist of 60 home health and hospice agencies, 51 senior living operations, and mobile diagnostics and lab operations located across 13 states. Cornerstone Healthcare Inc. President Christopher Christensen will become the Pennant CEO. Cornerstone is Ensign’s home health and hospice subsidiary.
Home Health & Hospice Week
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