Welcome to our dedicated page for Ensign Group news (Ticker: ENSG), a resource for investors and traders seeking the latest updates and insights on Ensign Group stock.
The Ensign Group, Inc. (symbol: ENSG) is a prominent provider of post-acute healthcare services in the United States. The company operates through its regional subsidiaries to offer a wide range of services including skilled nursing, assisted living, home health and hospice, mobile ancillary, and urgent care services. Ensign Group's business structure is divided into two main segments: Skilled Services and Standard Bearer.
The Skilled Services segment is the largest revenue generator and involves the operation of skilled nursing facilities and the provision of rehabilitation therapy services. These facilities cater to patients who require continuous medical care and rehabilitation following a hospital stay. This segment is pivotal for the company’s financial health, as it primarily relies on Medicare and Medicaid programs for revenue generation.
The Standard Bearer segment focuses on property ownership through a captive Real Estate Investment Trust (REIT). These properties are then leased out to skilled nursing and assisted living operations, providing a steady stream of rental income to the company.
Recent developments include a scheduled conference call and webcast on May 2, 2024, at 10:00 am PT, where the company will discuss its latest financial performance and strategic initiatives. Ensign Group continues to expand its footprint through strategic acquisitions and partnerships, enhancing its service offerings and geographical reach.
With a strong focus on quality care and operational efficiency, The Ensign Group, Inc. remains a key player in the healthcare sector, consistently working to meet the growing needs of an aging population.
The Ensign Group has declared a quarterly cash dividend of $0.055 per share for its common stock, set to be paid by April 30, 2022. Shareholders of record as of March 31, 2022 will receive this dividend. Ensign has maintained a consistent dividend payment record since 2002. The company operates 250 healthcare facilities across multiple states, providing skilled nursing and senior living services along with various rehabilitative therapies.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of The Waterton Healthcare and Rehabilitation, a 74-bed skilled nursing facility in Tyler, Texas, effective March 1, 2022. This addition enhances Ensign's Texas operations and real estate portfolio. Simultaneously, the company acquired operations of Amarsi Assisted Living in Glendale, Arizona, and Citadel Assisted Living Facility in Mesa, Arizona, expanding its healthcare campus. With these acquisitions, Ensign's portfolio grows to 250 healthcare operations across 13 states, including 102 real estate assets.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of three healthcare facilities effective March 1, 2022. These include Amarsi Assisted Living in Glendale, a 103-bed facility, and Citadel Assisted Living Facility in Mesa, featuring 180 independent living units and 150 assisted living beds. Additionally, the company's affiliates acquired The Waterton Healthcare and Rehabilitation, a 74-bed skilled nursing facility in Tyler, Texas. These acquisitions enhance Ensign's portfolio to 250 healthcare operations across 13 states, reaffirming its commitment to expanding its senior living and skilled nursing services.
The Ensign Group (Nasdaq: ENSG) reported strong Q4 and 2021 fiscal year results with GAAP diluted EPS of $0.86 for Q4 and $3.42 for the year, marking increases of 4.9% and 11.8%, respectively. Adjusted EPS also surged, reaching record highs of $0.97 in Q4 and $3.64 for the year, up 21.3% and 16.3%. Revenues totaled $2.6 billion, a 9.5% increase year-over-year. The company announced a 2022 earnings guidance of $4.01 to $4.13 per diluted share, reflecting a projected 12% growth. Additionally, Ensign completed the formation of Standard Bearer Healthcare REIT to enhance its real estate investments and operational performance.
The Ensign Group, Inc. (Nasdaq: ENSG) will announce its fourth quarter and fiscal year 2021 financial results on February 9, 2022. A conference call is scheduled for February 10, 2022, at 10:00 a.m. PT, where management will discuss performance details. Ensign operates 248 healthcare facilities across various states, providing skilled nursing, senior living services, and therapies. The webcast will be available for replay until March 11, 2022, on the company's investor website.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of two skilled nursing facilities in California, effective February 1, 2022. The facilities are Arrowhead Springs Healthcare with 119 beds in San Bernardino and Desert Mountain Care Center with 99 beds in Indio. Arrowhead Springs includes real estate and operations, while Desert Mountain will be under a long-term lease. With these additions, Ensign's portfolio grows to 248 healthcare operations across 13 states, owning 101 real estate assets. CEO Barry Port expressed enthusiasm for enhancing local care services and expanding the company's real estate portfolio.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of Estrella Health and Rehabilitation Center, a 161-bed skilled nursing facility in Avondale, AZ, effective January 1, 2022. This acquisition enhances Ensign's presence in Arizona and is part of their strategy to expand their healthcare operations. The company now has a total of 246 healthcare facilities across 13 states, including 100 owned real estate assets. Ensign plans to continue acquiring both well-performing and struggling skilled nursing and senior living operations throughout the U.S.
The Ensign Group (NASDAQ: ENSG) announced a quarterly cash dividend of $0.055 per share, payable by January 31, 2022, to shareholders of record as of December 31, 2021. This marks the company's nineteenth consecutive annual dividend increase, showcasing its strong market position and commitment to shareholder value, according to CEO Barry Port. Ensign has been paying dividends since 2002 and operates 245 healthcare facilities across multiple states, providing skilled nursing, senior living, and rehabilitative services.
The Ensign Group (Nasdaq: ENSG) announced its participation in the Stephens Nashville Investment Conference on December 2, 2021. Key executives, including CEO Barry Port, CFO Suzanne Snapper, and CIO Chad Keetch, will discuss the company’s operations, growth strategy, and future outlook at 9:00 a.m. ET. A live audio webcast will be available on the company's website, with a recorded version accessible until December 30, 2021. Ensign operates 245 healthcare facilities across multiple states, providing skilled nursing and senior living services.
The Ensign Group, Inc. (Nasdaq: ENSG) announced the acquisition of five skilled nursing and assisted living facilities in Arizona, California, and Kansas, effective November 15, 2021. This acquisition expands Ensign's real estate portfolio to 100 assets and supports its strategy to enhance value through organic growth. CEO Barry Port highlighted the strong performance and growth potential of these facilities. Ensign currently operates 245 healthcare operations across 13 states and continues to seek additional acquisition opportunities.
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