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. (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.
The Ensign Group, Inc. (NASDAQ: ENSG) has declared a quarterly cash dividend of $0.0525 per share, payable by April 30, 2021, to shareholders of record on March 31, 2021. Ensign, providing skilled nursing and assisted living services across 232 healthcare facilities in multiple states, has a consistent history of dividend payments since 2002.
The Ensign Group, (Nasdaq: ENSG), announced participation in the Oppenheimer & Co. Inc. 31st Annual Healthcare Conference on March 16, 2021. Key executives, including CEO Barry Port, CFO Suzanne Snapper, and CIO Chad Keetch, will present at 2:30 p.m. Eastern Time. The live webcast can be accessed here and will be archived for 90 days. Ensign operates 232 healthcare facilities across multiple states, providing skilled nursing and senior living services, along with various therapies.
The Ensign Group announced record Q4 operating results for 2020, with GAAP diluted earnings per share of $0.82, up 67.3% year-over-year. For the full year, earnings per share reached $3.06, an 86.6% increase, and adjusted earnings per share were $3.13, up 75.8%. Annual revenues were $2.4 billion, up 18.0%. The company reported significant growth in transitioning and skilled services revenue, with same-store skilled revenue improving by 14.7%. Ensign reaffirmed its 2021 guidance for earnings per share between $3.44 and $3.56.
The Ensign Group, Inc. (Nasdaq: ENSG) will announce its fourth quarter and fiscal year 2020 financial results on February 3, 2021. A live webcast discussing the performance is scheduled for February 4, 2021, at 10:00 a.m. PT. The company operates 232 healthcare facilities across multiple states, providing skilled nursing, assisted living, and rehabilitative services. Interested parties can access the webcast and related materials via the Invest section on the company’s website.
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