Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and […]

Tips for Smart Growth in a Hot Senior Housing Market

With capital still widely available at attractive rates and market fundamentals appearing strong, small- and medium-sized senior housing operators are looking to grow. But to get needed financing for expansion—and succeed once they’ve obtained new assets—providers should not let the M&A game get them focused on dollar signs more than core operations. At least, that’s the message […]