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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) 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.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of The Springs at St. Andrews Village, a 58-bed skilled nursing facility in Aurora, Colorado, effective June 1, 2024. This facility operates under a long-term, triple net lease. Ensign's CEO, Barry Port, expressed enthusiasm about expanding in Colorado. In a separate transaction, Ensign acquired the operations and real estate of Wellsprings of Gilbert, a 32-bed skilled nursing facility in Gilbert, Arizona. This real estate was acquired by Standard Bearer Healthcare REIT, Ensign's real estate subsidiary. These acquisitions expand Ensign's portfolio to 312 healthcare operations across 14 states, with 120 owned properties. Ensign is actively seeking more acquisition opportunities nationwide.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of two skilled nursing facilities. Effective June 1, 2024, Ensign acquired Wellsprings of Gilbert, a 32-bed facility in Gilbert, Arizona, and The Springs at St. Andrews Village, a 58-bed facility in Aurora, Colorado. The acquisition was facilitated by Standard Bearer Healthcare REIT, Ensign's real estate subsidiary. Barry Port, Ensign's CEO, expressed excitement about the expansion, which brings their portfolio to 312 healthcare operations across 14 states. Ensign continues to seek opportunities for further acquisitions and leases in the healthcare sector.
CareTrust REIT, Inc. (NYSE:CTRE) funded a $26.7 million mortgage loan for a 2-asset skilled nursing portfolio in Tennessee. The facilities will be operated by The Ensign Group, Inc. The company reported a $260 million investment pipeline and $273 million Q1 ATM activity.
The Ensign Group, Inc. reported strong first quarter 2024 results, with GAAP diluted earnings per share of $1.19 and adjusted earnings per share of $1.30. Revenue and net income increased, with growth in occupancy and skilled revenue. The company affirms its annual 2024 earnings guidance, showing confidence in continued growth.
The Ensign Group, Inc. (Nasdaq: ENSG) acquired the real estate and operations of an 82-bed skilled nursing facility in Iowa. The company also acquired seven other operations in different states, expanding its portfolio to 310 healthcare operations across fourteen states. Ensign is actively seeking opportunities to acquire real estate and lease struggling healthcare businesses.
The Ensign Group, Inc. acquires Midlothian Healthcare Center in Texas, along with seven other operations across different states. The acquisitions include skilled nursing facilities, senior living units, and a long-term acute care hospital. Ensign Group now operates 310 healthcare facilities in 14 states, reaffirming its commitment to growth and quality healthcare services.
The Ensign Group, Inc. announced the acquisition of Hillside Village of De Soto Rehabilitation and Nursing Center in Kansas, along with seven other healthcare operations across multiple states. The total acquisitions bring Ensign's portfolio to 310 healthcare facilities in 14 states. The company is actively seeking opportunities to acquire real estate and lease healthcare businesses nationwide.
The Ensign Group, Inc. (Nasdaq: ENSG) has acquired South Davis Specialty Care, a 95-bed skilled nursing operation, and Western Peaks Specialty Hospital, a 43-bed long-term acute care hospital in Utah. This marks the company's first long-term acute care hospital acquisition. Ensign also acquired six other operations, expanding its portfolio to 310 healthcare facilities across fourteen states. The acquisitions aim to enhance the company's service offerings and provide top-notch care to patients.
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