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, Inc. announces the passing of co-founder Roy Christensen on November 11, 2021, at age 87. A pioneer in the skilled nursing industry, Roy's leadership was instrumental in founding Ensign in 1999. He served on the Board of Directors and was chairman until 2019, later becoming chairman emeritus. His legacy includes establishing a culture of leadership and values aimed at improving healthcare services. Ensign's subsidiaries operate 245 healthcare facilities across multiple states, continuing his vision of excellence in patient care.
The Ensign Group reported strong Q3 2021 results, with GAAP diluted EPS of $0.83, a 7.8% increase, and adjusted EPS of $0.91, up 16.7% year-over-year. Revenues reached $668.5 million, marking an 11.6% rise compared to last year. The company announced an increased annual earnings guidance of $3.60 to $3.68 per diluted share and maintained revenue guidance of $2.62 billion to $2.69 billion. Ensign also revealed plans to establish a captive REIT to efficiently leverage its real estate assets and enhance growth opportunities.
The Ensign Group (Nasdaq: ENSG) announced it will release its third quarter 2021 financial results on October 27, 2021. Management will host a webcast on October 28, 2021, at 10:00 a.m. PT to discuss the results. Ensign operates 245 healthcare facilities across various states, providing skilled nursing and senior living services, among others. Interested parties can access the webcast and other financial information through Ensign's investor relations website.
The Ensign Group (Nasdaq: ENSG) announced the retirement of director Roy Christensen effective December 31, 2021, who will continue as chairman emeritus, providing consulting services. Suzanne D. Snapper, currently CFO, has been appointed to fill Christensen's vacancy on the Board. Snapper's appointment is seen as a recognition of her significant contributions and expertise in the company’s success. She will also serve on the Quality and Assurance Committee until the next annual shareholder meeting in 2022, where she is expected to be nominated for election as a Class I director.
The Ensign Group (ENSG) announced the acquisition of three skilled nursing facilities in Texas and Idaho, effective October 1, 2021. The facilities include River Pointe of Trinity Healthcare (98 beds), Park Village Healthcare (150 beds), and Skyline Transitional Care Center (80 beds). This acquisition expands Ensign's portfolio to 245 healthcare operations across 13 states, enhancing their presence in Texas and Idaho. The deal is subject to a long-term, triple net lease. CEO Barry Port emphasized the cultural and geographic alignment of these acquisitions with their existing operations.
The Ensign Group has declared a quarterly cash dividend of $0.0525 per share, set to be paid on or before October 31, 2021. Shareholders of record as of September 30, 2021 will receive the dividend. Ensign has consistently paid dividends since 2002, reflecting its commitment to returning value to shareholders. The company operates 242 healthcare facilities across various states, providing skilled nursing and various rehabilitative services.
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.
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