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 (NASDAQ: ENSG) announced its participation in the Oppenheimer & Co. Inc. 33rd Annual Healthcare Conference, scheduled for March 14, 2023, at 10:40 a.m. Eastern Time. The company's CEO Barry Port, CFO Suzanne Snapper, and CIO Chad Keetch will present insights into operations and growth strategies. A live webcast will be available, and an archived version will be accessible for 90 days post-event. Ensign operates 290 healthcare facilities across various states, providing skilled nursing and senior living services, along with therapies and rehabilitative care. More information can be found on their website.
The Ensign Group, Inc. (Nasdaq: ENSG) announced the acquisition of Hampden Hills Post Acute, a 218-bed skilled nursing facility in Aurora, Colorado, and Mapleton Post Acute, an 84-bed skilled nursing facility in Lakewood, Colorado. These acquisitions became effective on March 1, 2023, and will operate under long-term, triple net leases. Ensign now manages 290 healthcare operations across 13 states, including 26 with senior living services. CEO Barry Port expressed enthusiasm for expanding in Colorado and integrating these facilities with existing operations, while the company continues to seek additional acquisition opportunities.
The Ensign Group reported strong financial results for Q4 and FY 2022, highlighting a GAAP diluted EPS of $1.06 for the quarter and $3.95 for the year, marking increases of 23.3% and 13.7%, respectively. Adjusted EPS rose to $1.10 and $4.14 for the quarter and year. Total revenues reached $3.025 billion, up 15.1% year-over-year. The company achieved consistent occupancy growth across skilled services, with same store operations increasing by 2.9%. Ensign anticipates 2023 diluted EPS guidance of $4.60-$4.74, indicating a 12.8% rise from 2022, backed by strong liquidity of $316.3 million in cash.
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) has announced gross proceeds of approximately
The Ensign Group (Nasdaq: ENSG) announced the acquisition of operations for 17 skilled nursing facilities in California, effective February 1, 2023. This transaction adds 1,462 operational beds to its portfolio, increasing its total to 288 healthcare operations across 13 states. Ensign has entered into two triple net leases with Sabra Health Care REIT for the properties, with terms of 18 and 20 years. Ensign's leadership expressed confidence in the transition despite agency staffing challenges, aiming for these facilities to significantly contribute to the organization’s success.
The Ensign Group, Inc. (Nasdaq: ENSG) has announced that it will release its fourth quarter and fiscal year 2022 financial results on February 2, 2023. Following this, a live webcast is scheduled for February 3, 2023, at 10:00 a.m. PT, where management will discuss the company's performance. The Ensign Group operates 271 healthcare facilities across various states, providing skilled nursing, senior living services, and therapies. Interested investors can access the webcast and related financial information via the company's investor website. This marks a significant event for stakeholders anticipating the company's financial metrics.
The Ensign Group, Inc. (NASDAQ: ENSG) has announced a quarterly cash dividend of $0.0575 per share, payable by January 31, 2023, to shareholders on record as of December 31, 2022. This marks the company's twentieth consecutive annual dividend increase, highlighting its strong market position and commitment to shareholder value. Ensign has been a dividend-paying company since 2002 and operates 271 healthcare facilities across several states, including California and Texas. The CEO expressed optimism about long-term growth prospects.
The Ensign Group (NASDAQ: ENSG) announced the acquisition of Brighton Care Center and Malley Transitional Care Center, effective December 1, 2022, adding to its portfolio of skilled nursing services in Colorado. This acquisition expands Ensign's operations to 271 healthcare facilities across 13 states. The company aims to enhance operational efficiency and quality of care in its growing portfolio, which includes 108 real estate assets. CEO Barry Port expressed optimism about the strategic fit of these facilities within Ensign's existing operations.
The Ensign Group (Nasdaq: ENSG) will present at the Stephens Nashville Investment Conference on November 16, 2022, at 12:00 p.m. Central Time. Key executives, including CEO Barry Port, CFO Suzanne Snapper, and CIO Chad Keetch, will discuss the company's operations and growth strategies. A live audio webcast will be available on their website, with a replay accessible for 90 days post-event. Ensign provides skilled nursing, senior living services, and rehabilitative therapies across 269 facilities in various states.
The Ensign Group, Inc. (Nasdaq: ENSG) has announced an agreement to acquire twenty skilled nursing operations in California from Sabra Health Care REIT, Inc. (Nasdaq: SBRA). This transaction is pending regulatory approvals and is expected to finalize by February 1, 2023. Ensign will establish two long-term master leases with terms of 18 and 20 years. Following the acquisition, Ensign’s portfolio will grow to 286 healthcare operations and 108 owned real estate assets. CEO Barry Port highlighted the strategic fit of these acquisitions with their existing markets.
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