Pennant Group Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Item 2. Properties
Service Center
We lease two office locations to accommodate our Service Center. We lease approximately 16,794 square feet of office space located at 1675 East Riverside Drive, Suite 150, Eagle, ID 83616, pursuant to a lease that expires March 31, 2025. Our principal executive offices are located at the Service Center in Eagle, Idaho. We have two options to extend our lease term at this location for an additional five-year term for each option. In addition, we currently lease 4,839 rentable square feet of office space located at 7440 South Creek Road, Suite 100, Sandy, Utah 84093, pursuant to a lease that expires January 31, 2026. We have one option to extend our lease term at this location for one additional five-year term.
Home Health and Hospice Agencies and Senior Living Communities
As of December 31, 2023, we operated 111 home health, hospice and home care agencies in Arizona, California, Colorado, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. Office space is leased within geographies served by our agencies.
As of December 31, 2023, we operated 51 affiliated senior living communities in Arizona, California, Idaho, Nevada, Texas, and Wisconsin with 3,588 Senior Living units. We lease all of our communities, save one which we own, through long-term, triple-net lease arrangements.
The following table provides summary information regarding the locations of our home health and hospice agencies and our senior living communities and operational units as of December 31, 2023:
| State | Home Health Agencies | Hospice Agencies | Senior Living Communities | Senior Living Units |
|---|---|---|---|---|
| Arizona | 7 | 13 | 5 | 841 |
| California | 8 | 12 | 7 | 629 |
| Colorado | 9 | 2 | — | — |
| Idaho | 5 | 4 | 2 | 175 |
| Montana | 1 | 1 | — | — |
| Nevada | 1 | 2 | 4 | 385 |
| Oklahoma | 2 | 2 | — | — |
| Oregon | 2 | 1 | — | — |
| Texas | 5 | 9 | 12 | 712 |
| Utah | 7 | 4 | — | — |
| Washington | 5 | 4 | — | — |
| Wisconsin | 2 | 1 | 21 | 846 |
| Wyoming | 1 | 1 | — | — |
| Total | 55 | 56 | 51 | 3,588 |
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