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) announced the acquisition of three skilled nursing facilities in Southern California, effective January 1, 2021. The facilities are Golden Hill Post Acute in San Diego, St. Catherine Healthcare in Fullerton, and Camino Healthcare in Hawthorne, each with 99 skilled nursing beds. These acquisitions will be subject to a long-term, triple net lease and expand Ensign's portfolio to 231 healthcare operations across 13 states. The company aims to integrate these operations into its existing clusters and enhance service quality amidst the ongoing pandemic.
The Ensign Group, Inc. (NASDAQ: ENSG) has declared a quarterly cash dividend of $0.0525 per share, payable by January 31, 2021, to shareholders of record as of December 31, 2020. This announcement marks the company's eighteenth consecutive annual dividend increase, reflecting its strong market position and commitment to returning value to shareholders. Ensign has been a dividend-paying company since 2002 and operates 228 healthcare facilities across multiple states, providing various healthcare services.
The Ensign Group, Inc. (Nasdaq: ENSG) announced the acquisition of Hays Nursing and Rehabilitation Center, a 116-bed facility in San Marcos, TX, effective December 1, 2020. This acquisition enhances Ensign's presence in Texas, adding to its existing operations in the region. The facility’s previous operator was a faith-based nonprofit, and it had a 49% occupancy rate at the time of acquisition. Ensign expects the acquisition to be accretive to earnings in 2021, expanding its portfolio to 228 healthcare operations across thirteen states, with 95 real estate assets owned.
The Ensign Group (Nasdaq: ENSG) has acquired The Medical Lodge of Amarillo, an 82-bed skilled nursing facility in Amarillo, TX, effective November 1, 2020. This acquisition enhances Ensign's operational base in the Amarillo market and is expected to be accretive to earnings in 2021. With this addition, Ensign's portfolio expands to 227 healthcare operations across 13 states, owning 95 real estate assets. CEO Barry Port emphasized the strategic importance of this acquisition for enhancing healthcare service quality and operational synergies.
The Ensign Group (Nasdaq: ENSG) reported record Q3 2020 results, with GAAP diluted earnings per share reaching $0.77, a 97.4% increase year-over-year. Consolidated revenues rose to $599.3 million, an increase of 17.0%. The company demonstrated resilience amid COVID-19 challenges, returning $109 million in CARES Act funds and achieving strong skilled revenue growth. Liquidity remains robust, with approximately $175.4 million in cash and $342.4 million in available credit. The company anticipates continued expenses related to COVID-19 into 2021.
The Ensign Group, Inc. (Nasdaq: ENSG) announced it will release its third quarter 2020 financial results on October 28, 2020. A conference call is scheduled for October 29, 2020 at 10:00 a.m. Pacific Time, where management will discuss performance. Ensign operates 226 healthcare facilities across various states, providing skilled nursing, senior living, and rehabilitative services. Interested investors can access the webcast or further financial information on the Ensign website.
The Ensign Group, Inc. (NASDAQ: ENSG) declared a quarterly cash dividend of $0.05 per share on September 18, 2020. This dividend is payable by October 31, 2020, to shareholders on record as of September 30, 2020. Ensign has consistently paid dividends since 2002, reflecting its commitment to returning value to shareholders. The company operates 226 healthcare facilities across multiple states, providing a range of skilled nursing and therapeutic services.
The Ensign Group, Inc. (Nasdaq: ENSG) reported record operating results for Q2 2020, with GAAP diluted EPS reaching $0.73, a 97.3% increase year-over-year. Adjusted diluted EPS rose to $0.78, marking a 100% increase. Consolidated GAAP revenues were $584.7 million, up 18.6%. The company returned all $110 million in CARES Act Provider Relief Funds, emphasizing strong financial health and operational momentum amidst COVID-19 challenges. Ensign raised its 2020 earnings guidance to $3.00-$3.10 per share, reflecting confidence in recovery despite ongoing pandemic impacts.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of a post-acute care retirement campus in Tempe, AZ, effective August 1, 2020. This campus includes Tempe Post Acute, a 62-bed skilled nursing facility, and Desert Marigold Senior Living of Tempe, featuring 72 assisted living beds and 90 independent living units. CEO Barry Port expressed confidence in the team's ability to integrate operations during the pandemic. The acquisition expands Ensign's portfolio to 226 healthcare operations in 13 states, with ongoing plans for further acquisitions.
The Ensign Group (Nasdaq: ENSG) will release its second quarter 2020 financial results on August 5, 2020. Following this, a live webcast is scheduled for August 6, 2020, at 10:00 a.m. Pacific Time, where management will discuss the performance details. Ensign operates 225 healthcare facilities across 11 states, providing skilled nursing, senior living, and rehabilitative services. Investors can access the webcast and related financial information on the company’s investor website.
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