The Ensign Group Acquires Three Skilled Nursing Facilities in Colorado
The Ensign Group (Nasdaq: ENSG) announced the acquisition of three skilled nursing facilities in Colorado, effective April 1, 2021. The facilities include Boulder Canyon Health and Rehabilitation (140 beds), Berthoud Care and Rehabilitation (76 beds), and South Valley Post Acute Rehabilitation (106 beds). These acquisitions will be under a long-term, triple net lease, expanding Ensign's portfolio to 235 healthcare operations across 13 states. The company aims to enhance its Colorado operations and continue seeking additional acquisition opportunities.
- Expansion of portfolio to 235 healthcare operations, enhancing market presence.
- Strategic acquisitions in Colorado expected to improve same-store operations.
- Ongoing commitment to acquire well-performing and underperforming healthcare facilities.
- None.
SAN JUAN CAPISTRANO, Calif., April 06, 2021 (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 and other rehabilitative and healthcare services, announced today that it acquired the operations of the following skilled nursing facilities in Colorado:
Boulder Canyon Health and Rehabilitation, a 140-bed skilled nursing facility located in Boulder, CO;
Berthoud Care and Rehabilitation, a 76-bed skilled nursing facility located in Berthoud, CO; and
South Valley Post Acute Rehabilitation, a 106-bed skilled nursing facility located in Denver, CO.
These acquisitions were effective April 1, 2021 and will be subject to a long-term, triple net lease.
“We are pleased to be adding these operations to our Colorado portfolio and look forward to the contribution they will make to our same store operations in the state,” said Barry Port, Ensign's Chief Executive Officer.
Dave Jorgensen, President of Endura Healthcare, Inc., Ensign’s Colorado-based subsidiary, added, “Each of these operations is well situated to become the operation-of-choice in their markets. We are excited to work together with our healthcare partners as we strive to provide top-notch care for our patients and their families.”
This acquisition brings Ensign's growing portfolio to 235 healthcare operations, 22 of which also include assisted living operations, across thirteen states. Ensign owns 94 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, assisted 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 assisted living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 235 healthcare facilities, in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, 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@ensigngroup.net
SOURCE: The Ensign Group, Inc.
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