The Ensign Group Acquires New Operation in Kansas
The Ensign Group (Nasdaq: ENSG) has expanded its portfolio with new acquisitions in Kansas and Colorado. In Kansas, the company acquired Prairie Ridge Health and Rehabilitation, a 102-bed skilled nursing facility in Overland Park. In Colorado, Ensign added seven skilled nursing facilities with a total of 760 beds across various locations. These acquisitions, effective September 1, 2024, bring Ensign's portfolio to 323 healthcare operations across fourteen states, including 29 with senior living operations. The company also owns 122 real estate assets through its subsidiaries.
Ensign's CEO, Barry Port, emphasized the company's growth in Kansas and its active pursuit of acquisition opportunities nationwide. The new facilities will operate under long-term, triple net leases, aligning with Ensign's strategy of expanding its presence in the healthcare and senior living sectors.
The Ensign Group (Nasdaq: ENSG) ha ampliato il suo portafoglio con nuove acquisizioni in Kansas e Colorado. In Kansas, l'azienda ha acquisito Prairie Ridge Health and Rehabilitation, una struttura di riabilitazione con 102 posti letto a Overland Park. In Colorado, Ensign ha aggiunto sette strutture di riabilitazione con un totale di 760 posti letto ubicati in diverse località. Queste acquisizioni, valide dal 1° settembre 2024, portano il portafoglio di Ensign a 323 operazioni sanitarie in quattordici stati, di cui 29 con operazioni di residenza per anziani. L'azienda possiede inoltre 122 beni immobili attraverso le sue sussidiarie.
Il CEO di Ensign, Barry Port, ha enfatizzato la crescita dell'azienda in Kansas e la sua attiva ricerca di opportunità di acquisizione a livello nazionale. Le nuove strutture opereranno sotto contratti di locazione a lungo termine, triple net, allineandosi con la strategia di Ensign di espandere la propria presenza nei settori sanitario e della vita per anziani.
The Ensign Group (Nasdaq: ENSG) ha ampliado su portafolio con nuevas adquisiciones en Kansas y Colorado. En Kansas, la compañía adquirió Prairie Ridge Health and Rehabilitation, un centro de enfermería especializada con 102 camas en Overland Park. En Colorado, Ensign agregó siete centros de enfermería especializada con un total de 760 camas en varias ubicaciones. Estas adquisiciones, efectivas a partir del 1 de septiembre de 2024, elevan el portafolio de Ensign a 323 operaciones de atención médica en catorce estados, incluyendo 29 con operaciones de vivienda para ancianos. La compañía también posee 122 activos inmobiliarios a través de sus subsidiarias.
El CEO de Ensign, Barry Port, enfatizó el crecimiento de la compañía en Kansas y su activa búsqueda de oportunidades de adquisición a nivel nacional. Las nuevas instalaciones funcionarán bajo arrendamientos a largo plazo, triple neto, en línea con la estrategia de Ensign de expandir su presencia en los sectores de atención médica y vivienda para ancianos.
엔사인 그룹(나스닥: ENSG)은 캔자스 및 콜로라도에서의 새로운 인수로 포트폴리오를 확장했습니다. 캔자스에서는 오버랜드 파크에 위치한 102침대의 전문 간호 시설인 프레리 리지 헬스 앤 리habilitation을 인수했습니다. 콜로라도에서는 다양한 지역에 걸쳐 총 760침대의 일곱 개 전문 간호 시설을 추가했습니다. 이러한 인수는 2024년 9월 1일부터 유효하며, 엔사인의 포트폴리오는 14개 주에서 323개의 의료 운영으로 증가하게 되었습니다. 이 중 29개는 노인 생활 운영을 포함합니다. 또한, 회사는 자회사를 통해 122개의 부동산 자산을 보유하고 있습니다.
엔사인 CEO인 배리 포트는 캔자스에서의 회사 성장과 전국적으로 인수 기회를 적극적으로 모색하고 있다고 강조했습니다. 새로운 시설은 장기적인 트리플 넷 임대 아래 운영되며, 엔사인의 의료 및 노인 생활 부문에서의 존재 확대 전략에 부합합니다.
Le Groupe Ensign (Nasdaq: ENSG) a élargi son portefeuille avec de nouvelles acquisitions dans Kansas et Colorado. Au Kansas, la société a acquis Prairie Ridge Health and Rehabilitation, un établissement de soins infirmiers avec 102 lits situé à Overland Park. Au Colorado, Ensign a ajouté sept établissements de soins infirmiers avec un total de 760 lits dans divers emplacements. Ces acquisitions, effectives à partir du 1er septembre 2024, portent le portefeuille d'Ensign à 323 opérations de soins de santé dans quatorze États, dont 29 avec des opérations de logement pour personnes âgées. La société possède également 122 actifs immobiliers par l'intermédiaire de ses filiales.
Le PDG d'Ensign, Barry Port, a souligné la croissance de l'entreprise au Kansas et sa recherche active d'opportunités d'acquisition à l'échelle nationale. Les nouvelles installations fonctionneront sous des baux à long terme, triple net, conformément à la stratégie d'Ensign d'élargir sa présence dans les secteurs de la santé et du logement pour personnes âgées.
Die Ensign Group (Nasdaq: ENSG) hat ihr Portfolio mit neuen Akquisitionen in Kansas und Colorado erweitert. In Kansas hat das Unternehmen Prairie Ridge Health and Rehabilitation erworben, eine 102-Betten-Einrichtung für qualifizierte Altenpflege in Overland Park. In Colorado fügte Ensign sieben Einrichtungen für qualifizierte Altenpflege mit insgesamt 760 Betten an verschiedenen Standorten hinzu. Diese Akquisitionen, die ab dem 1. September 2024 wirksam sind, bringen das Portfolio von Ensign auf 323 Gesundheitsbetriebe in vierzehn Bundesstaaten, darunter 29 mit Seniorenwohnanlagen. Das Unternehmen besitzt außerdem 122 Immobilienanlagen über seine Tochtergesellschaften.
Der CEO von Ensign, Barry Port, betonte das Wachstum des Unternehmens in Kansas und die aktive Verfolgung von Akquisitionsmöglichkeiten auf nationaler Ebene. Die neuen Einrichtungen werden unter langfristigen Triple-Net-Leasingverträgen betrieben, was mit der Strategie von Ensign übereinstimmt, seine Präsenz im Gesundheitswesen und im Seniorenwohnsektor auszubauen.
- Expansion of portfolio with 8 new skilled nursing facilities across Kansas and Colorado
- Increased total healthcare operations to 323 across 14 states
- Strategic growth in the Kansas City healthcare market
- Ownership of 122 real estate assets through subsidiaries
- None.
Insights
The Ensign Group's acquisition of 8 new skilled nursing facilities across Kansas and Colorado represents a significant expansion of their portfolio. This move increases their total operations to 323, showcasing aggressive growth. The long-term, triple net leases for these facilities provide
This expansion aligns with Ensign's strategy of acquiring both well-performing and struggling healthcare businesses, indicating potential for value creation through turnarounds. The diversification across 14 states mitigates regional risks. Investors should note the company's ability to execute multiple acquisitions simultaneously, suggesting strong operational capabilities and a robust pipeline for future growth.
Ensign's strategic acquisitions in Kansas and Colorado demonstrate a focused approach to market penetration. By deepening their presence in the Kansas City area and expanding in Colorado, they're leveraging economies of scale and enhancing their competitive position in these markets.
The addition of 760 beds across 8 facilities signifies a substantial increase in capacity. This expansion comes at a important time, as the aging population drives demand for skilled nursing services. Ensign's ability to integrate these facilities into their existing operations will be key to realizing synergies and improving operational efficiencies. The move also positions them to capitalize on the growing trend of post-acute care coordination with hospitals and health systems in these regions.
Ensign's acquisition strategy, coupled with their real estate ownership model, presents an interesting value proposition. With 122 owned real estate assets out of 323 operations, Ensign is balancing property ownership with leased facilities. This hybrid approach allows for capital efficiency while maintaining long-term control over key assets.
The triple net lease structure for the new acquisitions is particularly noteworthy. It shifts property taxes, insurance and maintenance costs to the tenant (Ensign's subsidiaries), potentially improving predictability of cash flows for investors. As Ensign continues to seek real estate acquisition opportunities, this could lead to increased asset appreciation and provide a hedge against inflation, enhancing overall shareholder value.
SAN JUAN CAPISTRANO, Calif., Sept. 03, 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 operations of Prairie Ridge Health and Rehabilitation, a 102-bed skilled nursing facility located in Overland Park, Kansas. This acquisition was effective as of September 1, 2024, and is subject to a long-term, triple net lease.
“This operation is another tremendous facility in Kansas, where we have been experiencing fantastic growth over the past year,” said Barry Port, Ensign's Chief Executive Officer.
Dave Jorgensen, President of Gateway Healthcare LLC, Ensign’s Kansas-based subsidiary, added “With this new addition, we are deepening our commitment to the greater Kansas City healthcare market and look forward to integrating this operation into our existing footprint. We can’t wait to get started working with the local leadership in the area to continue provide outstanding care to the residents and families in the area.”
In a separate transaction on the same day, Ensign announced that it acquired the following skilled nursing facilities in Colorado: Desert Willow Health and Rehabilitation Center, a 106-bed skilled nursing facility located in Pueblo, Colorado; Junction Creek Health and Rehabilitation Center, a 133-bed skilled nursing facility located in Durango, Colorado; Pelican Pointe Health and Rehabilitation Center, a 104-bed skilled nursing facility located in Windsor, Colorado; Riverbend Health and Rehabilitation Center, a 100-bed skilled nursing facility located in Loveland, Colorado; Broadview Health and Rehabilitation Center, a 100-bed skilled nursing facility located in Greeley, Colorado; Westlake Lodge Health and Rehabilitation Center, a 107-bed skilled nursing facility located in Greeley, Colorado; and Linden Place Health and Rehabilitation Center, a 110-bed skilled nursing facility located in Longmont, Colorado. These new facilities will be subject to long-term triple net leases.
All of these acquisitions were effective as of September 1, 2024, and bring Ensign's growing portfolio to 323 healthcare operations, 29 of which also include senior living operations, across fourteen states. Ensign subsidiaries, including Standard Bearer, own 122 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 323 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.
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