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 Skilled Nursing Facility in Las Vegas, Nevada

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 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 operations of Henderson Health and Rehabilitation, a skilled nursing facility with 266 skilled nursing beds, located in Henderson, Nevada, which is a suburb of Las Vegas. The acquisition was effective July 1, 2022.

"We are thrilled to be entering the Southern Nevada market," said Barry Port, Ensign's Chief Executive Officer. "For years we have carefully looked at opportunities in and around Las Vegas and this opportunity was a great fit for us from a geographic and cultural perspective," he added.

Tyler Hoopes, President of Pennant Healthcare LLC, Ensign's Nevada-based subsidiary, added "this facility represents a fantastic growth opportunity in Las Vegas, both in the short-term and the long term. We are excited for the opportunity to be working closely with an outstanding team of caregivers who care about the residents and their families and to prove to the Las Vegas healthcare community what we can do."

In separate transactions on the same day, Ensign announced that Standard Bearer also added five new real estate assets, two 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 four new operations in Texas, 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

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_409756017/2010/2022-07-06T06:00:01

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