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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, Inc. (Nasdaq: ENSG) has announced the acquisition of two healthcare facilities in Norfolk, Nebraska: St. Joseph Rehabilitation and Care Center, an 83-bed skilled nursing facility, and Skyview Villa Assisted Living, a 20 licensed-bed assisted living facility. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company. This acquisition, effective October 1, 2024, expands Ensign's portfolio to 324 healthcare operations across fourteen states, with 30 including senior living operations. Ensign subsidiaries, including Standard Bearer, now own 123 real estate assets.
Barry Port, Ensign's CEO, expressed enthusiasm for the growth in Nebraska and the addition to Standard Bearer's Midwest portfolio. Dave Jorgensen, President of Gateway Healthcare , Ensign's Nebraska-based subsidiary, highlighted the facilities' strong reputation and the team's readiness to provide elevated care.
The Ensign Group, Inc. (Nasdaq: ENSG), a leading provider of skilled nursing and senior living services, has declared a quarterly cash dividend of $0.06 per share of common stock. This dividend is payable on or before October 31, 2024, to shareholders of record as of September 30, 2024. Ensign has consistently paid dividends since 2002, demonstrating its commitment to shareholder returns.
The company's independent operating subsidiaries offer a wide range of healthcare services, including skilled nursing, senior living, physical, occupational and speech therapies, and other rehabilitative care. Ensign operates 323 healthcare facilities across 14 states, primarily in the western and southern United States.
The Ensign Group (Nasdaq: ENSG) has expanded its portfolio with new acquisitions in Kansas and Colorado. In Kansas, the company acquired Prairie Ridge Health and Rehabilitation, a 102-bed skilled nursing facility in Overland Park. In Colorado, Ensign added seven skilled nursing facilities with a total of 760 beds across various locations. These acquisitions, effective September 1, 2024, bring Ensign's portfolio to 323 healthcare operations across fourteen states, including 29 with senior living operations. The company also owns 122 real estate assets through its subsidiaries.
Ensign's CEO, Barry Port, emphasized the company's growth in Kansas and its active pursuit of acquisition opportunities nationwide. The new facilities will operate under long-term, triple net leases, aligning with Ensign's strategy of expanding its presence in the healthcare and senior living sectors.
The Ensign Group (Nasdaq: ENSG) has expanded its operations in Colorado, acquiring seven skilled nursing facilities effective September 1, 2024. These facilities, located in Pueblo, Durango, Windsor, Loveland, Greeley, and Longmont, add a total of 760 beds to Ensign's portfolio. The acquisitions are subject to long-term, triple net leases.
In a separate transaction, Ensign also acquired a 102-bed facility in Overland Park, Kansas. With these additions, Ensign's portfolio now comprises 323 healthcare operations across fourteen states, including 29 with senior living operations. Ensign subsidiaries own 122 real estate assets.
CEO Barry Port emphasized the strategic fit of these acquisitions within Ensign's existing Colorado footprint and reaffirmed the company's active pursuit of growth opportunities nationwide.
The Ensign Group (Nasdaq: ENSG) has expanded its portfolio with the acquisition of Holly Heights Care and Rehabilitation, a 133-bed skilled nursing facility in Denver, Colorado. This facility will be operated by an Ensign-affiliated operator, with the real estate acquired by Standard Bearer Healthcare REIT, Ensign's captive real estate company. The transaction was effective August 1, 2024.
Additionally, Ensign acquired two more facilities on the same day: Greater Southside Health and Rehabilitation in Des Moines, Iowa (76 beds), and City Park Healthcare and Rehabilitation Center in Denver, Colorado (125 beds). These acquisitions bring Ensign's portfolio to 315 healthcare operations across fourteen states, with 29 including senior living operations. Standard Bearer now owns 122 real estate assets.
The Ensign Group (Nasdaq: ENSG) has expanded its portfolio with the acquisition of Greater Southside Health and Rehabilitation, a 76-bed skilled nursing facility in Des Moines, Iowa. This acquisition, effective August 1, 2024, was made through Standard Bearer Healthcare REIT, Ensign's captive real estate company. Barry Port, Ensign's CEO, emphasized the company's continued growth in Iowa and the strategic importance of this addition to Standard Bearer's Midwest portfolio.
Simultaneously, Ensign acquired two additional facilities in Denver, Colorado: Holly Heights Care and Rehabilitation (133 beds) and City Park Healthcare and Rehabilitation Center (125 beds). These acquisitions bring Ensign's total portfolio to 315 healthcare operations across 14 states, with 29 including senior living operations. Ensign subsidiaries now own 122 real estate assets.
The Ensign Group (Nasdaq: ENSG) has expanded its operations in Colorado with the acquisition of City Park Healthcare and Rehabilitation Center, a 125-bed skilled nursing facility in Denver. This acquisition, effective August 1, 2024, is subject to a long-term, triple net lease. Simultaneously, Ensign acquired two additional facilities: Greater Southside Health and Rehabilitation in Des Moines, Iowa (76 beds), and Holly Heights Care and Rehabilitation in Denver, Colorado (133 beds).
These acquisitions bring Ensign's portfolio to 315 healthcare operations across fourteen states, with 29 including senior living operations. Ensign subsidiaries, including Standard Bearer, now own 122 real estate assets. The company continues to seek opportunities for growth in skilled nursing, senior living, and other healthcare-related businesses throughout the United States.
The Ensign Group (Nasdaq: ENSG) announced its second-quarter 2024 results with notable growth. GAAP diluted earnings per share increased by 8.9% to $1.22, while adjusted diluted earnings per share grew by 13.8% to $1.32. GAAP net income reached $71.0 million, a 11.0% rise, and adjusted net income was $76.4 million, marking a 15.3% increase.
Revenue climbed 12.5% to $1.04 billion. Significant growth was seen in Same Facilities and Transitioning Facilities occupancy, and managed care revenue increased by 12.2% and 36.5%, respectively. The company also raised its annual earnings guidance to $5.38-$5.50 per share and revenue guidance to $4.20-$4.22 billion.
Ensign's liquidity remains strong with $477.3 million in cash and a $573.1 million line-of-credit. The company added ten new operations and six real estate assets this quarter.
The Ensign Group (Nasdaq: ENSG) has announced its schedule for the second quarter 2024 earnings call, set for Friday, July 26, 2024, at 10:00 a.m. Pacific Time. The company plans to release its financial results on Thursday, July 25, 2024. Investors can access the live webcast through the Investors section of Ensign's website, where management will discuss the company's Q2 2024 performance.
Ensign Group operates through independent subsidiaries, providing skilled nursing, senior living services, therapies, and other healthcare services across 312 facilities in 14 states. The webcast recording will be available for replay until August 30, 2024, at 5:00 p.m. Pacific Time.
The Ensign Group (Nasdaq: ENSG) has declared a quarterly cash dividend of $0.06 per share, payable by July 31, 2024, to shareholders recorded by June 30, 2024. Ensign, which offers skilled nursing, senior living, and various therapy services, has been paying dividends since 2002. The company operates 312 healthcare facilities across 14 states, including Arizona, California, and Texas. For more details, visit their website or contact them at their provided information.
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