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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) 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.
The Ensign Group (ENSG) announced the acquisition of two skilled nursing facilities in South Carolina: Oak Harbor Healthcare and Oak View Health and Rehabilitation, effective October 1, 2022. This strategic move aims to expand its operations in the South Carolina market. Additionally, Ensign's affiliate Standard Bearer acquired Fountain Hills Post Acute in Arizona. The company's portfolio now includes 268 healthcare operations across 13 states, with plans for further acquisitions. CEO Barry Port emphasized the company's commitment to enhancing care in the new facilities.
The Ensign Group, Inc. (NASDAQ: ENSG) has declared a quarterly cash dividend of $0.055 per share of common stock. This dividend is payable by October 31, 2022, to shareholders of record as of September 30, 2022. Ensign has consistently paid dividends since 2002, reflecting its commitment to returning value to shareholders. The company operates 259 healthcare facilities across multiple states, providing a range of healthcare services, including skilled nursing and rehabilitative therapies.
The Ensign Group, Inc. (Nasdaq: ENSG) announced second-quarter 2022 results with GAAP diluted earnings per share of $1.01, a 16.1% increase year-over-year. Total revenues reached $732.5 million, up 14.7%. Skilled services revenue grew 14.6% to $702.5 million. Occupancy rates improved by 1.8% for same store and 6.4% for transitioning facilities.
The company raised its 2022 earnings guidance to $4.05-$4.15 per diluted share and revenue guidance to $2.96-$3.0 billion. Ensign added 11 new operations and 6 real estate assets in the quarter, demonstrating strong growth potential.
The Ensign Group (Nasdaq: ENSG) announced its acquisition of Park Manor of McKinney, a 138-bed skilled nursing facility in Texas, effective August 1, 2022. This acquisition, executed by a subsidiary of Standard Bearer Healthcare REIT, Inc., expands Ensign's portfolio to 259 healthcare operations across thirteen states. CEO Barry Port emphasized the company’s commitment to growth, with ongoing efforts to acquire additional real estate and healthcare facilities in the U.S. The acquisition strengthens Ensign's operational capabilities and enhances its real estate assets, now totaling 106.
The Ensign Group, Inc. (Nasdaq: ENSG), a provider of skilled nursing and senior living services, announced it will release its second quarter 2022 financial results on August 1, 2022. Following this, Ensign invites investors to a live webcast on August 2, 2022, at 10:00 a.m. PT, where management will discuss the company's performance. Ensign operates 259 healthcare facilities across multiple states, offering a wide range of rehabilitative and healthcare services.
The Ensign Group, Inc. (Nasdaq: ENSG) announced the acquisition of Henderson Health and Rehabilitation, a skilled nursing facility in Henderson, Nevada, effective July 1, 2022. This acquisition aligns with Ensign's strategic expansion into the Southern Nevada market, recognized for its growth potential. Additionally, on the same day, Ensign acquired several other healthcare facilities and properties, enhancing its portfolio to 258 operations across 13 states. The company continues to seek opportunities for acquiring or leasing skilled nursing and healthcare-related businesses throughout the U.S.
The Ensign Group, Inc. (Nasdaq: ENSG) announced the acquisition of three skilled nursing facilities in California by its subsidiary, Standard Bearer Healthcare REIT, effective July 1, 2022. The facilities include the Premier Care Center of Palm Springs, Brookside Healthcare Center, and Broadway Villa Post Acute. This strategic move expands Ensign's real estate portfolio, which now includes 105 assets across 258 healthcare operations in thirteen states. CEO Barry Port emphasized the operational success these properties have contributed to and expressed enthusiasm for future acquisition opportunities.
The Ensign Group, Inc. (Nasdaq: ENSG) announced the acquisition of several healthcare facilities, enhancing its portfolio in the skilled nursing and senior living sectors. Effective July 1, 2022, the company acquired Villa Maria Post Acute and Rehabilitation, Villa Maria Wellness Living, and Tucson Recovery at Villa Maria in Arizona. Additionally, it acquired other facilities in Texas and California, bringing its total to 258 healthcare operations across thirteen states. The acquisitions support Ensign's strategy to expand its real estate and operations footprint in the healthcare market.
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