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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 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.
Sabra Health Care REIT, Inc. (SBRA) announced a transition of its 24-property portfolio from North American Health Care to existing tenants, The Ensign Group (ENSG) and Avamere Family of Companies. After the transition, Ensign will represent about 8% of Sabra's Annualized Cash NOI, adding 20 California properties with an initial rent of $29.4 million, while Avamere adds 4 Washington properties with an initial rent of $5.1 million. This move is expected to enhance rental income stability and improve the portfolio's credit profile, with an estimated revenue of $14.7 million for Q4 2022.
The Ensign Group (Nasdaq: ENSG) has acquired Lila Doyle Post Acute, a 120-bed skilled nursing facility in South Carolina, effective November 1, 2022. This acquisition enhances Ensign's portfolio, which now includes 269 healthcare operations across 13 states. The facility is located on the Prisma Health Oconee Memorial Hospital campus, acquired through a 30-year ground lease. CEO Barry Port emphasized the importance of strengthening their partnership with Prisma Health to provide exceptional care.
The Ensign Group, Inc. (Nasdaq: ENSG) reported strong Q3 2022 results, with GAAP diluted earnings per share of $0.99 (up 19.3%) and adjusted earnings per share of $1.04 (up 14.3%). Consolidated revenues reached $770 million, a 15.2% increase year-over-year. Key highlights include improved same store occupancy rates and a record number of acquisitions, adding 17 new operations during the quarter. The company raised its 2022 earnings guidance to $4.10-$4.18 per share and revenue guidance to $3.01-$3.03 billion, reflecting optimism in operational growth and strong financial health.
The Ensign Group, Inc. (Nasdaq: ENSG) announced it will release its third quarter 2022 financial results on October 26, 2022. The company, which operates 268 healthcare facilities across multiple states, also invites investors to join a live webcast on October 27, 2022, at 10:00 a.m. Pacific Time, where management will discuss Q3 performance. The webcast will be available for replay until November 25, 2022. More information can be found on the Ensign Group's investor website.
The Ensign Group, Inc. (Nasdaq: ENSG) announced the acquisition of Fountain Hills Post Acute, a 64-bed skilled nursing facility in Arizona, effective October 1, 2022. This acquisition adds to Standard Bearer Healthcare REIT's real estate portfolio and enhances Ensign's operational presence in Maricopa County. Additionally, Ensign has entered into long-term leases for eight new skilled nursing facilities in Texas and South Carolina, expanding its portfolio to 268 healthcare operations across 13 states. Ensign is actively seeking further acquisition opportunities.
The Ensign Group announced the acquisition of six skilled nursing facilities in Texas, effective October 1, 2022. The facilities acquired include Brodie Ranch, Onion Creek, Riverside, West Oaks, Lakeside, and Mystic Park, totaling 730 beds across Austin and San Antonio. Each acquisition will involve a long-term, triple net lease. Additionally, Ensign affirmed its strategy to actively seek more acquisition opportunities in skilled nursing and senior living sectors. This brings Ensign's operational portfolio to 268 healthcare facilities across thirteen states.
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