Ensign Group Inc
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Health Care : Health Care Providers & Services | Small Cap Blend
Company profile

The Ensign Group, Inc. is a holding company, which provides skilled nursing, senior living, and rehabilitative services, as well as other ancillary businesses (including mobile diagnostics and medical transportation) through its subsidiaries. The Company operates through two segments: skilled services and real estate. The skilled services segment includes the operation of skilled nursing facilities and rehabilitation therapy services. The real estate segment primarily comprised of properties owned by the Company and leased to skilled nursing and senior living operations, including its own operating subsidiaries and third-party operators, and are subject to triple-net long-term leases. It offers skilled nursing, senior living and rehabilitative care services through approximately 245 skilled nursing and senior living facilities. Its real estate portfolio includes approximately 100 owned real estate properties located in Arizona, California, Colorado, Idaho, and Nebraska, among others.

Closing Price
$87.84
Day's Change
1.73 (2.01%)
Bid
--
Ask
--
B/A Size
--
Day's High
87.99
Day's Low
86.22
Volume
(Light)
Volume:
107,806

10-day average volume:
178,837
107,806

The Ensign Group Acquires Healthcare Campus in Arizona

6:00 am ET July 6, 2022 (Globe Newswire) Print

EQNX::TICKER_START (NASDAQ:ENSG), EQNX::TICKER_END The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the real estate and operations of Villa Maria Post Acute and Rehabilitation, a 65-bed skilled nursing facility, Villa Maria Wellness Living, a 31-bed assisted living facility and Tucson Recovery at Villa Maria, a 30-bed behavioral health unit, each located in Tucson, Arizona. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company, and the acquisition was effective July 1, 2022.

"We are very excited to add this community to the Tucson market, where we have carefully looked for growth opportunity for some time," said Barry Port, Ensign's Chief Executive Officer. "As always, we are also very pleased this opportunity included real estate to add to Standard Bearer's growing portfolio," he added.

Forrest Peterson, President of Bandera Healthcare, LLC, Ensign's Arizona-based subsidiary, added, "We are very impressed with the caregivers in this community and feel our leaders are poised to add our experience to theirs as we seek to provide top-notch care to the residents we are fortunate to serve."

In separate transactions on the same day, Ensign announced that in addition to Villa Maria, Standard Bearer also added four new real estate assets, one of which also included new operations, as follows:

Also on the same day, Ensign announced that its affiliates entered into new long-term leases on five new operations, including the following:

All of these acquisitions were also effective July 1, 2022 and bring Ensign's growing portfolio to 258 healthcare operations, 26 of which also include senior living operations, across thirteen states. Ensign subsidiaries, including Standard Bearer, now owns 105 real estate assets.

Mr. Port reaffirmed that Ensign is actively seeking opportunities to acquire real estate and to lease both well-performing and struggling skilled nursing, assisted living and other healthcare related businesses throughout the United States.

About Ensign(TM)

The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 258 healthcare facilities, in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin. More information about Ensign is available at http://www.ensigngroup.net.

Contact Information

The Ensign Group, Inc., (949) 487-9500, ir@ensigngroup.net

SOURCE: The Ensign Group, Inc.

https://ml.globenewswire.com/media/43cc375c-326e-4962-89ff-3f917599b33f/small/the-ensign-group-inc-logo.jpg

https://ml.globenewswire.com/media/43cc375c-326e-4962-89ff-3f917599b33f/small/the-ensign-group-inc-logo.jpg

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COMTEX_409756015/2010/2022-07-06T06:00:00

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