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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 (Nasdaq: ENSG) announced the acquisition of two skilled nursing facilities in Texas, effective August 1, 2021. The facilities include Sedona Trace Health and Wellness Center in Austin (119 beds) and Cedar Pointe Health and Wellness Center in Cedar Park (122 beds). The real estate was acquired by CareTrust REIT (Nasdaq: CTRE), extending their master lease by ten years. The acquisition expands Ensign's portfolio to 242 healthcare operations across 13 states, highlighting its commitment to growth in the healthcare sector.
The Ensign Group announced record operating results for Q2 2021, reporting a GAAP diluted earnings per share of $0.87, a 19.2% increase year-over-year. Adjusted earnings per share rose 14.1% to $0.89. Consolidated revenues of $638.5 million reflect a 9.2% year-over-year growth. Skilled services segment income increased by 15.0% to $90 million. The company raised its annual earnings guidance to a range of $3.55 to $3.67 per share, signaling strong operational momentum.
The Ensign Group, Inc. (Nasdaq: ENSG) will release its second quarter 2021 financial results on July 28, 2021. Following this, a live webcast is scheduled for July 29, 2021, at 10:00 a.m. PT (1:00 p.m. ET), where management will discuss the company's performance. Ensign operates 240 healthcare facilities across multiple states, providing skilled nursing and senior living services, along with various rehabilitative therapies. For additional details, visit the Ensign investor website.
The Ensign Group (NASDAQ: ENSG) declared a quarterly cash dividend of $0.0525 per share, payable by July 31, 2021, for shareholders on record by June 30, 2021. Ensign has consistently paid dividends since 2002, reflecting financial stability and commitment to return value to shareholders. The company operates 240 healthcare facilities across multiple states, offering skilled nursing, assisted living, and rehabilitative services.
The Ensign Group, Inc. (Nasdaq: ENSG) has announced the acquisition of four skilled nursing facilities in Washington, effective June 1, 2021. The facilities include Mira Vista Care Center, Shoreline Health and Rehabilitation, The Oaks at Lakewood, and The Oaks at Timberline. These operations will be added to an existing long-term lease with CareTrust REIT, Inc. The acquisition expands Ensign's portfolio to 240 healthcare operations across 13 states, reaffirming its growth strategy in skilled nursing and senior living services.
The Ensign Group (Nasdaq: ENSG) will participate in the 2021 RBC Capital Markets Global Healthcare Conference on May 18, 2021, at 10:20 a.m. Eastern Time. Key executives, including CEO Barry Port and CFO Suzanne Snapper, will present on the company's operations and growth strategy. A live webcast of the event will be available, with a recording accessible for up to one year post-event. Ensign operates 236 healthcare facilities offering skilled nursing and various rehabilitative services across multiple states.
The Ensign Group, Inc. (Nasdaq: ENSG) has announced the acquisition of Windsor Rehabilitation and Healthcare, a 108-bed skilled nursing facility in Terrell, TX, effective May 1, 2021. This acquisition increases Ensign's portfolio to 236 healthcare operations across 13 states. CEO Barry Port expressed optimism about growth opportunities in Texas, supported by the company's strategy of continuous acquisitions in the skilled nursing and senior living sectors. The company currently owns 95 real estate assets and is actively seeking more acquisition opportunities.
The Ensign Group, Inc. (Nasdaq: ENSG) announced record financial results for Q1 2021, reporting GAAP diluted earnings per share of $0.86, a 17.8% increase year-over-year. Adjusted earnings per share rose to $0.87, up 13.0%. The company's revenue reached $627.3 million, a 6.4% increase from the prior year. Significant improvements were noted in patient occupancy and skilled revenue, with projections for continued growth. The annual earnings guidance was also raised to $3.54-$3.66 per share, reflecting strong operational performance and recovery from the pandemic.
The Ensign Group, Inc. (Nasdaq: ENSG) announced that it will release its first quarter 2021 financial results on April 29, 2021. A live webcast is scheduled for April 30, 2021, at 10:00 a.m. Pacific Time, where management will discuss the company's performance. Ensign operates 235 healthcare facilities across several states, providing skilled nursing, senior living services, and rehabilitation therapies. Interested investors can access the webcast and additional information on their official website.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of three skilled nursing facilities in Colorado, effective April 1, 2021. The facilities include Boulder Canyon Health and Rehabilitation (140 beds), Berthoud Care and Rehabilitation (76 beds), and South Valley Post Acute Rehabilitation (106 beds). These acquisitions will be under a long-term, triple net lease, expanding Ensign's portfolio to 235 healthcare operations across 13 states. The company aims to enhance its Colorado operations and continue seeking additional acquisition opportunities.
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