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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) reported strong first-quarter 2022 results, achieving GAAP diluted earnings per share of $0.89 and adjusted earnings per share of $0.99, marking increases of 3.5% and 13.8%, respectively, from the previous year. Revenue increased by 13.5% to $713.4 million, with total skilled services revenue rising by 14.3% to $686.8 million. The company reaffirmed its annual earnings guidance of $4.01 to $4.13 per share, projecting revenue between $2.93 billion and $2.98 billion. Notably, occupancy rates improved, contributing to the overall positive outlook despite ongoing challenges from labor market disruptions.
The Ensign Group, Inc. (Nasdaq: ENSG) announced that it will release its first quarter 2022 financial results on April 28, 2022. Following this, a live webcast is scheduled for April 29, where management will discuss the performance details. Ensign operates 251 healthcare facilities across multiple states, providing a wide range of skilled nursing, senior living services, and therapies. Investors can access the webcast and other financial data through the company's website. The recorded webcast will be available until May 27, 2022.
The Ensign Group (Nasdaq: ENSG) announced an increase in its credit facility by $250 million, bringing the total to $600 million. This funding, arranged by Truist Securities, matures on April 8, 2027, and includes a $400 million incremental expansion option. CEO Barry Port stated that the borrowings will help enhance their capital structure and support acquisitions, renovations, and working capital needs. Ensign operates 252 healthcare facilities across various states, providing skilled nursing and senior living services.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of three assisted living facilities: Sea Cliff Assisted Living in California, The Grove Assisted Living in California, and Redmond Heights Senior Living in Washington, effective April 1, 2022. These acquisitions increase Ensign's portfolio to 252 healthcare operations across 13 states. The real estate at Sea Cliff is already owned by an Ensign affiliate, while the other two facilities will operate under long-term, triple net leases. Ensign continues to seek opportunities for acquisition in the healthcare sector.
The Ensign Group has declared a quarterly cash dividend of $0.055 per share for its common stock, set to be paid by April 30, 2022. Shareholders of record as of March 31, 2022 will receive this dividend. Ensign has maintained a consistent dividend payment record since 2002. The company operates 250 healthcare facilities across multiple states, providing skilled nursing and senior living services along with various rehabilitative therapies.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of The Waterton Healthcare and Rehabilitation, a 74-bed skilled nursing facility in Tyler, Texas, effective March 1, 2022. This addition enhances Ensign's Texas operations and real estate portfolio. Simultaneously, the company acquired operations of Amarsi Assisted Living in Glendale, Arizona, and Citadel Assisted Living Facility in Mesa, Arizona, expanding its healthcare campus. With these acquisitions, Ensign's portfolio grows to 250 healthcare operations across 13 states, including 102 real estate assets.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of three healthcare facilities effective March 1, 2022. These include Amarsi Assisted Living in Glendale, a 103-bed facility, and Citadel Assisted Living Facility in Mesa, featuring 180 independent living units and 150 assisted living beds. Additionally, the company's affiliates acquired The Waterton Healthcare and Rehabilitation, a 74-bed skilled nursing facility in Tyler, Texas. These acquisitions enhance Ensign's portfolio to 250 healthcare operations across 13 states, reaffirming its commitment to expanding its senior living and skilled nursing services.
The Ensign Group (Nasdaq: ENSG) reported strong Q4 and 2021 fiscal year results with GAAP diluted EPS of $0.86 for Q4 and $3.42 for the year, marking increases of 4.9% and 11.8%, respectively. Adjusted EPS also surged, reaching record highs of $0.97 in Q4 and $3.64 for the year, up 21.3% and 16.3%. Revenues totaled $2.6 billion, a 9.5% increase year-over-year. The company announced a 2022 earnings guidance of $4.01 to $4.13 per diluted share, reflecting a projected 12% growth. Additionally, Ensign completed the formation of Standard Bearer Healthcare REIT to enhance its real estate investments and operational performance.
The Ensign Group, Inc. (Nasdaq: ENSG) will announce its fourth quarter and fiscal year 2021 financial results on February 9, 2022. A conference call is scheduled for February 10, 2022, at 10:00 a.m. PT, where management will discuss performance details. Ensign operates 248 healthcare facilities across various states, providing skilled nursing, senior living services, and therapies. The webcast will be available for replay until March 11, 2022, on the company's investor website.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of two skilled nursing facilities in California, effective February 1, 2022. The facilities are Arrowhead Springs Healthcare with 119 beds in San Bernardino and Desert Mountain Care Center with 99 beds in Indio. Arrowhead Springs includes real estate and operations, while Desert Mountain will be under a long-term lease. With these additions, Ensign's portfolio grows to 248 healthcare operations across 13 states, owning 101 real estate assets. CEO Barry Port expressed enthusiasm for enhancing local care services and expanding the company's real estate portfolio.
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