The Ensign Group Adds a Skilled Nursing Facility in Arizona

Rhea-AI Summary

The Ensign Group (Nasdaq: ENSG) announced the acquisition of Estrella Health and Rehabilitation Center, a 161-bed skilled nursing facility in Avondale, AZ, effective January 1, 2022. This acquisition enhances Ensign's presence in Arizona and is part of their strategy to expand their healthcare operations. The company now has a total of 246 healthcare facilities across 13 states, including 100 owned real estate assets. Ensign plans to continue acquiring both well-performing and struggling skilled nursing and senior living operations throughout the U.S.

Positive

• Acquisition of Estrella Health expands Ensign's operations in Arizona.
• Total healthcare facilities increased to 246 across 13 states.
• Ensign actively seeking further acquisition opportunities in skilled nursing and senior living sectors.

Negative

• None.

SAN JUAN CAPISTRANO, Calif., Jan. 04, 2022 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign^TM 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 Estrella Health and Rehabilitation Center, a 161-bed skilled nursing facility located in Avondale, AZ. The acquisition was effective January 1, 2022 and will be subject to a long-term, triple net lease.

“We are very excited to add to, and strengthen, our growing presence in the State of Arizona,” said Barry Port, Ensign's Chief Executive Officer. “This acquisition is a great fit within our existing operations,” he added.

Forrest Peterson, President of Bandera Healthcare, LLC, Ensign’s Arizona-based subsidiary, added “We look forward to working together with the local healthcare communities and the fantastic team of caregivers at this facility. We will strive to exceed the needs of each resident we are honored to serve there.”

This acquisition brings Ensign's growing portfolio to 246 healthcare operations, 22 of which also include senior living operations, across thirteen states.  Ensign owns 100 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^TM

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 246 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

 

FAQ

What is the recent acquisition made by Ensign Group?

Ensign Group acquired Estrella Health and Rehabilitation Center, a 161-bed skilled nursing facility in Avondale, AZ, effective January 1, 2022.

How many healthcare facilities does Ensign currently operate?

Ensign operates 246 healthcare facilities across 13 states.

What is Ensign Group's strategy following the acquisition?

Ensign Group plans to continue acquiring both well-performing and struggling skilled nursing and senior living operations throughout the U.S.

What types of services does Ensign Group provide?

Ensign Group provides skilled nursing, senior living services, and rehabilitative healthcare services.