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The Ensign Group Acquires Healthcare Campus in Nebraska

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The Ensign Group, Inc. (Nasdaq: ENSG) has announced the acquisition of two healthcare facilities in Norfolk, Nebraska: St. Joseph Rehabilitation and Care Center, an 83-bed skilled nursing facility, and Skyview Villa Assisted Living, a 20 licensed-bed assisted living facility. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company. This acquisition, effective October 1, 2024, expands Ensign's portfolio to 324 healthcare operations across fourteen states, with 30 including senior living operations. Ensign subsidiaries, including Standard Bearer, now own 123 real estate assets.

Barry Port, Ensign's CEO, expressed enthusiasm for the growth in Nebraska and the addition to Standard Bearer's Midwest portfolio. Dave Jorgensen, President of Gateway Healthcare , Ensign's Nebraska-based subsidiary, highlighted the facilities' strong reputation and the team's readiness to provide elevated care.

The Ensign Group, Inc. (Nasdaq: ENSG) ha annunciato l'acquisizione di due strutture sanitarie a Norfolk, Nebraska: il St. Joseph Rehabilitation and Care Center, una struttura di nursing con 83 letti, e il Skyview Villa Assisted Living, una struttura di assistenza con 20 letti autorizzati. L'immobile è stato acquisito da una sussidiaria di Standard Bearer Healthcare REIT, Inc., la compagnia immobiliare controllata da Ensign. Questa acquisizione, valida dal 1° ottobre 2024, espande il portafoglio di Ensign a 324 operazioni sanitarie in quattordici stati, di cui 30 includono operazioni di vita assistita. Le sussidiarie di Ensign, compresa Standard Bearer, posseggono ora 123 beni immobiliari.

Barry Port, CEO di Ensign, ha espresso entusiasmo per la crescita in Nebraska e per l'aggiunta al portafoglio di Standard Bearer nel Midwest. Dave Jorgensen, Presidente di Gateway Healthcare, la sussidiaria di Ensign con sede in Nebraska, ha sottolineato la forte reputazione delle strutture e la prontezza del team nel fornire cure elevate.

The Ensign Group, Inc. (Nasdaq: ENSG) ha anunciado la adquisición de dos instalaciones de salud en Norfolk, Nebraska: el St. Joseph Rehabilitation and Care Center, una instalación de enfermería especializada de 83 camas, y el Skyview Villa Assisted Living, una instalación de asistencia con 20 camas licenciadas. La propiedad fue adquirida por una subsidiaria de Standard Bearer Healthcare REIT, Inc., la empresa inmobiliaria controlada de Ensign. Esta adquisición, que será efectiva el 1 de octubre de 2024, amplía el portafolio de Ensign a 324 operaciones de salud en catorce estados, de las cuales 30 incluyen operaciones de vida asistida. Las subsidiarias de Ensign, incluida Standard Bearer, ahora poseen 123 activos inmobiliarios.

Barry Port, CEO de Ensign, expresó entusiasmo por el crecimiento en Nebraska y la adición al portafolio de Standard Bearer en el Medio Oeste. Dave Jorgensen, presidente de Gateway Healthcare, la subsidiaria de Ensign basada en Nebraska, destacó la sólida reputación de las instalaciones y la disposición del equipo para proporcionar atención elevada.

The Ensign Group, Inc. (Nasdaq: ENSG)는 네브래스카주 노포크에 있는 두 개의 의료 시설을 인수했다고 발표했습니다: 83병상 전문 간호 시설인 St. Joseph Rehabilitation and Care Center와 20병상의 인허가를 가진 Skyview Villa Assisted Living입니다. 부동산은 Ensign의 계열사인 Standard Bearer Healthcare REIT, Inc.에 의해 인수되었습니다. 이 인수는 2024년 10월 1일부터 유효하며, Ensign의 포트폴리오를 324개의 의료 운영으로 확대하여 14개 주에 걸쳐 있으며, 그 중 30개는 시니어 생활 운영을 포함합니다. Ensign의 자회사들은 현재 123개의 부동산 자산을 보유하고 있습니다.

Ensign의 CEO인 Barry Port는 네브래스카의 성장과 Standard Bearer의 미주리 포트폴리오에 대한 추가에 대해 열정을 표명했습니다. Ensign의 네브래스카 기반 자회사인 Gateway Healthcare의 사장인 Dave Jorgensen는 시설의 강력한 명성과 팀이 높은 수준의 돌봄을 제공할 준비가 되어 있다고 강조했습니다.

The Ensign Group, Inc. (Nasdaq: ENSG) a annoncé l'acquisition de deux établissements de santé à Norfolk, dans le Nebraska : le St. Joseph Rehabilitation and Care Center, un établissement de soins infirmiers de 83 lits, et le Skyview Villa Assisted Living, un établissement d'assistance avec 20 lits autorisés. L'immobilier a été acquis par une filiale de Standard Bearer Healthcare REIT, Inc., la société immobilière captive d'Ensign. Cette acquisition, effective au 1er octobre 2024, élargit le portefeuille d'Ensign à 324 opérations de santé dans quatorze États, dont 30 opérations de vie assistée. Les filiales d'Ensign, y compris Standard Bearer, possèdent désormais 123 actifs immobiliers.

Barry Port, PDG d'Ensign, a exprimé son enthousiasme pour la croissance dans le Nebraska et l'ajout au portefeuille de Standard Bearer au Midwest. Dave Jorgensen, président de Gateway Healthcare, la filiale d'Ensign basée dans le Nebraska, a souligné la solide réputation des établissements et la préparation de l'équipe à fournir des soins de haut niveau.

The Ensign Group, Inc. (Nasdaq: ENSG) hat die Übernahme von zwei Gesundheitseinrichtungen in Norfolk, Nebraska, bekannt gegeben: dem St. Joseph Rehabilitation and Care Center, einer Einrichtung für qualifizierte Pflege mit 83 Betten, und der Skyview Villa Assisted Living, einer Einrichtung mit 20 lizenzierten Betten für betreutes Wohnen. Die Immobilien wurden von einer Tochtergesellschaft der Standard Bearer Healthcare REIT, Inc., Ensigns eigener Immobiliengesellschaft, erworben. Diese Übernahme, die am 1. Oktober 2024 wirksam wird, erweitert das Portfolio von Ensign auf 324 Gesundheitsbetriebe in vierzehn Bundesstaaten, wobei 30 davon Einrichtungen für Senioren umfassen. Die Tochtergesellschaften von Ensign, einschließlich Standard Bearer, besitzen jetzt 123 Immobilienanlagen.

Barry Port, CEO von Ensign, äußerte Begeisterung über das Wachstum in Nebraska und die Erweiterung des Portfolios von Standard Bearer im Mittleren Westen. Dave Jorgensen, Präsident von Gateway Healthcare, der in Nebraska ansässigen Tochtergesellschaft von Ensign, hob den guten Ruf der Einrichtungen und die Bereitschaft des Teams hervor, erstklassige Pflege zu bieten.

Positive
  • Acquisition of two healthcare facilities in Nebraska, expanding market presence
  • Addition of 83 skilled nursing beds and 20 assisted living beds to portfolio
  • Expansion of real estate assets through Standard Bearer Healthcare REIT
  • Growth of total healthcare operations to 324 across fourteen states
  • Strengthening of Midwest portfolio
Negative
  • None.

Insights

The acquisition of St. Joseph Rehabilitation and Care Center and Skyview Villa Assisted Living in Norfolk, Nebraska, represents a strategic expansion for The Ensign Group. This move adds 83 skilled nursing beds and 20 assisted living beds to their portfolio, now totaling 324 healthcare operations across 14 states. The deal strengthens Ensign's presence in Nebraska and contributes to Standard Bearer Healthcare REIT's Midwest portfolio growth. With 123 real estate assets now owned by Ensign subsidiaries, this acquisition aligns with their strategy of combining operations and real estate ownership. The transaction likely provides immediate revenue potential and long-term value appreciation. However, investors should consider integration costs and the time needed to optimize these new facilities' performance. The company's continued expansion signals confidence in the healthcare real estate sector and their operational model, which could be viewed positively by the market.

Ensign's acquisition in Norfolk, Nebraska, demonstrates their commitment to expanding their skilled nursing and assisted living services in underserved markets. The addition of a 83-bed skilled nursing facility and a 20-bed assisted living facility allows for a continuum of care, which is increasingly important in today's healthcare landscape. This strategic move may enhance Ensign's ability to manage patient transitions and improve overall care quality. The company's growing portfolio, now at 324 facilities, suggests economies of scale that could lead to operational efficiencies and potentially better negotiating power with suppliers and payers. However, the healthcare industry faces challenges such as staffing shortages and regulatory pressures, which Ensign must navigate as they integrate these new facilities. The company's active pursuit of both well-performing and struggling healthcare businesses indicates a confidence in their ability to turn around underperforming assets, a key differentiator in the competitive healthcare services market.

SAN JUAN CAPISTRANO, Calif., Oct. 02, 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 it acquired the real estate and operations of St. Joseph Rehabilitation and Care Center, an 83-bed skilled nursing facility; and Skyview Villa Assisted Living, a 20 licensed-bed assisted living facility. Both facilities are located in Norfolk, Nebraska. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and the acquisition is effective as of October 1, 2024.

“We are thrilled to add these facilities and excited for the growth in Nebraska,” said Barry Port, Ensign's Chief Executive Officer. “This acquisition also enables us to continue adding to Standard Bearer’s growing Midwest portfolio,” he added.

Dave Jorgensen, President of Gateway Healthcare LLC, Ensign’s Nebraska-based subsidiary, added “We could not be more excited to add to our Nebraska footprint with these operations in Norfolk. These facilities have a tremendous reputation in the community and our team is ready to work and provide elevated care and experiences for our patients and their families.”

This acquisition is effective as of October 1, 2024, and brings Ensign's growing portfolio to 324 healthcare operations, 30 of which also include senior living operations, across fourteen states. Ensign subsidiaries, including Standard Bearer, own 123 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 324 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.


FAQ

What healthcare facilities did The Ensign Group (ENSG) acquire in Nebraska?

The Ensign Group acquired St. Joseph Rehabilitation and Care Center, an 83-bed skilled nursing facility, and Skyview Villa Assisted Living, a 20 licensed-bed assisted living facility, both located in Norfolk, Nebraska.

When was the acquisition of the Nebraska healthcare facilities by ENSG effective?

The acquisition of the healthcare facilities in Norfolk, Nebraska by The Ensign Group was effective as of October 1, 2024.

How many healthcare operations does The Ensign Group (ENSG) now have after this acquisition?

After this acquisition, The Ensign Group's portfolio has grown to 324 healthcare operations across fourteen states, with 30 of these also including senior living operations.

How many real estate assets does The Ensign Group (ENSG) and its subsidiaries own?

The Ensign Group and its subsidiaries, including Standard Bearer, now own 123 real estate assets following this acquisition.

The Ensign Group, Inc.

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