The Ensign Group Acquires Facilities in Wisconsin
The Ensign Group (ENSG) has expanded its Wisconsin presence through multiple acquisitions effective November 1, 2024. Through its real estate subsidiary Standard Bearer Healthcare REIT, the company acquired four assisted living facilities in Green Bay and Appleton, which will be operated by The Pennant Group under long-term triple net leases. The facilities include Marla Vista Assisted Living (40 assisted living beds, 20 memory care beds), Marla Vista Manor (20 memory care beds), Carrington Assisted Living (20 assisted living beds), and Carolina Assisted Living (45 assisted living beds). Additionally, Ensign acquired Benedictine Living Community Wausau, an 82-bed skilled nursing facility. These acquisitions bring Ensign's portfolio to 325 healthcare operations across fourteen states, including 128 owned real estate assets.
The Ensign Group (ENSG) ha ampliato la sua presenza nel Wisconsin attraverso molteplici acquisizioni valide dal 1° novembre 2024. Attraverso la sua filiale immobiliare Standard Bearer Healthcare REIT, l'azienda ha acquisito quattro strutture di assistenza per la vita assistita a Green Bay e Appleton, che saranno gestite da The Pennant Group con contratti di locazione triple net a lungo termine. Le strutture includono Marla Vista Assisted Living (40 letti per assistenza vitale, 20 letti per cure di memoria), Marla Vista Manor (20 letti per cure di memoria), Carrington Assisted Living (20 letti per assistenza vitale) e Carolina Assisted Living (45 letti per assistenza vitale). Inoltre, Ensign ha acquisito la Benedictine Living Community Wausau, una struttura di cure infermieristiche specializzate con 82 letti. Queste acquisizioni portano il portafoglio di Ensign a 325 operazioni sanitarie in quattordici stati, comprese 128 proprietà immobiliari di proprietà.
The Ensign Group (ENSG) ha ampliado su presencia en Wisconsin a través de múltiples adquisiciones efectivas el 1 de noviembre de 2024. A través de su filial inmobiliaria Standard Bearer Healthcare REIT, la empresa adquirió cuatro instalaciones de asistencia para la vida en Green Bay y Appleton, que serán operadas por The Pennant Group bajo contratos de arrendamiento triple neto a largo plazo. Las instalaciones incluyen Marla Vista Assisted Living (40 camas para asistencia vital, 20 camas para cuidados de memoria), Marla Vista Manor (20 camas para cuidados de memoria), Carrington Assisted Living (20 camas para asistencia vital) y Carolina Assisted Living (45 camas para asistencia vital). Además, Ensign adquirió la Benedictine Living Community Wausau, una instalación de enfermería especializada con 82 camas. Estas adquisiciones llevan el portafolio de Ensign a 325 operaciones de atención médica en catorce estados, incluyendo 128 activos inmobiliarios en propiedad.
The Ensign Group (ENSG)는 2024년 11월 1일부터 적용되는 여러 인수 거래를 통해 위스콘신 내 존재감을 확장했습니다. 부동산 자회사인 Standard Bearer Healthcare REIT를 통해, 이 회사는 그린베이와 애플턴에 있는 네 곳의 지원 주거 시설을 인수했으며, 이는 Pennant Group이 장기적인 트리플 넷 리스로 운영할 것입니다. 시설은 Marla Vista Assisted Living (40개의 지원 주거 침대, 20개의 기억 치료 침대), Marla Vista Manor (20개의 기억 치료 침대), Carrington Assisted Living (20개의 지원 주거 침대), 그리고 Carolina Assisted Living (45개의 지원 주거 침대)로 구성됩니다. 추가로 Ensign은 82개의 침대가 있는 Benedictine Living Community Wausau를 인수했습니다. 이러한 인수로 Ensign의 포트폴리오는 14개 주에서 325개의 의료 운영으로 확대되었으며, 그 중 128개는 소유한 부동산 자산입니다.
The Ensign Group (ENSG) a élargi sa présence dans le Wisconsin par le biais de plusieurs acquisitions effectives à partir du 1er novembre 2024. Par le biais de sa filiale immobilière Standard Bearer Healthcare REIT, l'entreprise a acquis quatre établissements d'accueil pour la vie assistée à Green Bay et Appleton, qui seront exploités par The Pennant Group sous des baux nets triples à long terme. Les établissements comprennent Marla Vista Assisted Living (40 lits d'assistance, 20 lits de soins de mémoire), Marla Vista Manor (20 lits de soins de mémoire), Carrington Assisted Living (20 lits d'assistance) et Carolina Assisted Living (45 lits d'assistance). De plus, Ensign a acquis la Benedictine Living Community Wausau, un établissement de soins infirmiers spécialisés de 82 lits. Ces acquisitions portent le portefeuille d'Ensign à 325 opérations de santé dans quatorze États, dont 128 actifs immobiliers en propriété.
The Ensign Group (ENSG) hat ihre Präsenz in Wisconsin durch mehrere Übernahmen, die am 1. November 2024 wirksam werden, erweitert. Durch ihre Immobilien-Tochtergesellschaft Standard Bearer Healthcare REIT hat das Unternehmen vier Einrichtungen für betreutes Wohnen in Green Bay und Appleton erworben, die von The Pennant Group unter langfristigen Triple-Net-Leasingverträgen betrieben werden. Zu den Einrichtungen gehören Marla Vista Assisted Living (40 betreute Wohnplätze, 20 Gedächtnispflegeplätze), Marla Vista Manor (20 Gedächtnispflegeplätze), Carrington Assisted Living (20 betreute Wohnplätze) und Carolina Assisted Living (45 betreute Wohnplätze). Zusätzlich hat Ensign die Benedictine Living Community Wausau, eine Fachpflegeeinrichtung mit 82 Betten, erworben. Diese Übernahmen bringen das Portfolio von Ensign auf 325 Gesundheitsbetriebe in vierzehn Bundesstaaten, einschließlich 128 im eigenen Besitz befindlicher Immobilien.
- Portfolio expansion with acquisition of 5 new facilities in Wisconsin
- Strategic partnership with Pennant Group as operator ensures experienced management
- Addition of 227 total beds across various care segments
- Increased real estate asset ownership to 128 properties
- Geographic market expansion in the Midwest region
- None.
Insights
This strategic acquisition significantly expands Ensign's real estate portfolio in Wisconsin, adding 4 assisted living/memory care facilities and 1 skilled nursing facility. The deal strengthens Standard Bearer Healthcare REIT's Midwest presence through triple-net lease arrangements with Pennant Group, ensuring stable, long-term revenue streams.
The transaction adds 125 assisted living/memory care beds and 82 skilled nursing beds to Ensign's portfolio, bringing their total to 325 healthcare operations across 14 states, with 128 owned real estate assets. This expansion aligns with Ensign's growth strategy, particularly in consolidating healthcare real estate while maintaining operational partnerships with established operators like Pennant.
The Wisconsin market presents attractive demographics for senior care facilities and these strategic acquisitions position Ensign to capitalize on the growing demand for senior healthcare services in the region. The company's continued focus on real estate ownership while partnering with quality operators demonstrates a sound business model that balances growth with operational expertise.
SAN JUAN CAPISTRANO, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign™ group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that through subsidiaries of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, it acquired the real estate to Marla Vista Assisted Living, an assisted living facility with 40 assisted living beds and 20 memory care beds located in Green Bay, Wisconsin; Marla Vista Manor, a memory care facility consisting of 20 memory care beds located in Green Bay, Wisconsin; Carrington Assisted Living, an assisted living facility with 20 assisted living beds located in Green Bay, Wisconsin; and Carolina Assisted Living, an assisted living facility with 45 assisted living beds located in Appleton, Wisconsin. Each of these facilities will be operated by affiliates of The Pennant Group, Inc., and subject to long term triple net leases.
“Standard Bearer continues to grow, and these facilities are a terrific addition to its strong Midwest portfolio,” said Barry Port, Ensign's Chief Executive Officer. “We know that in The Pennant Group we have an outstanding operator to run these buildings and we couldn’t be more excited about working with them again,” he added.
“We are pleased to expand our presence in Wisconsin through this strategic acquisition. Our strong ongoing Partnership with Ensign and Standard Bearer reflects our shared values and commitment to enhancing the quality of life for seniors in the communities we serve,” said Pennant CEO, Brent Guerisoli.
In separate transactions on the same day, Ensign announced that it acquired the real estate and operations of Benedictine Living Community Wausau f/k/a Benedictine Manor of Wausau, an 82-bed skilled nursing facility located in Wausau, Wisconsin. The real estate was acquired by a subsidiary of Standard Bearer.
These acquisitions are effective as of November 1, 2024, and bring Ensign's growing portfolio to 325 healthcare operations, 30 of which also include senior living operations, across fourteen states. Ensign subsidiaries, including Standard Bearer, own 128 real estate assets. Mr. Port reaffirmed that Ensign is actively seeking opportunities to acquire real estate and to lease both well-performing and struggling skilled nursing, senior living and other healthcare related businesses throughout the United States.
About Ensign™
The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 325 healthcare facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. More information about Ensign is available at http://www.ensigngroup.net.
Contact Information
The Ensign Group, Inc., (949) 487-9500, ir@ensignservices.net
SOURCE: The Ensign Group, Inc.
About Pennant:
The Pennant Group, Inc. is a holding company of independent operating subsidiaries that provide healthcare services through 122 home health and hospice agencies and 56 senior living communities located throughout Arizona, California, Colorado, Connecticut, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. Each of these businesses is operated by a separate, independent operating subsidiary that has its own management, employees and assets. References herein to the consolidated "company" and "its" assets and activities, as well as the use of the terms "we," "us," "its" and similar verbiage, are not meant to imply that The Pennant Group, Inc. has direct operating assets, employees or revenue, or that any of the home health and hospice businesses, senior living communities or the Service Center are operated by the same entity. More information about Pennant is available at www.pennantgroup.com.
Contact Information
The Pennant Group, Inc., (208) 506-6100, ir@pennantgroup.com
FAQ
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