The Ensign Group Adds Real Estate and Operations in Wisconsin
The Ensign Group (Nasdaq: ENSG) announced multiple strategic acquisitions effective August 1, 2025. The company acquired the real estate and operations of Pine Crest Health and Memory Care, a 120-bed skilled nursing facility in Wisconsin, through its REIT subsidiary Standard Bearer Healthcare.
In separate transactions, Ensign acquired operations of five skilled nursing facilities and three assisted living facilities in California, operated under lease arrangements with CareTrust REIT and International Equity Partners. Additionally, three facilities will be operated under management agreements pending regulatory reviews.
The company also acquired Crystal Heights Care Center, a 72-bed facility in Iowa. These acquisitions expand Ensign's portfolio to 361 healthcare operations across 17 states, including 47 senior living operations, with 148 owned real estate assets.
The Ensign Group (Nasdaq: ENSG) ha annunciato diverse acquisizioni strategiche efficaci dal 1° agosto 2025. La società ha acquisito il settore immobiliare e le operazioni di Pine Crest Health and Memory Care, una struttura di assistenza qualificata con 120 posti letto nel Wisconsin, tramite la sua controllata REIT Standard Bearer Healthcare.
In operazioni separate, Ensign ha acquisito la gestione di cinque strutture di assistenza qualificata e tre strutture di assistenza assistita in California, gestite tramite contratti di locazione con CareTrust REIT e International Equity Partners. Inoltre, tre strutture saranno gestite tramite accordi di gestione in attesa di approvazioni regolamentari.
La società ha inoltre acquisito il Crystal Heights Care Center, una struttura con 72 posti letto in Iowa. Queste acquisizioni ampliano il portafoglio di Ensign a 361 operazioni sanitarie in 17 stati, incluse 47 strutture per anziani, con 148 immobili di proprietà.
The Ensign Group (Nasdaq: ENSG) anunció múltiples adquisiciones estratégicas vigentes a partir del 1 de agosto de 2025. La compañía adquirió los bienes raíces y operaciones de Pine Crest Health and Memory Care, un centro de enfermería especializada con 120 camas en Wisconsin, a través de su filial REIT Standard Bearer Healthcare.
En transacciones separadas, Ensign adquirió las operaciones de cinco centros de enfermería especializada y tres centros de vida asistida en California, operados bajo contratos de arrendamiento con CareTrust REIT e International Equity Partners. Además, tres centros serán operados bajo acuerdos de gestión pendientes de revisiones regulatorias.
La compañía también adquirió el Crystal Heights Care Center, un centro con 72 camas en Iowa. Estas adquisiciones amplían la cartera de Ensign a 361 operaciones de salud en 17 estados, incluyendo 47 centros para personas mayores, con 148 propiedades inmobiliarias propias.
The Ensign Group (나스닥: ENSG)는 2025년 8월 1일부로 여러 전략적 인수를 발표했습니다. 회사는 REIT 자회사인 Standard Bearer Healthcare를 통해 위스콘신에 위치한 120병상 숙련 간호 시설인 Pine Crest Health and Memory Care의 부동산과 운영권을 인수했습니다.
별도의 거래로 Ensign은 CareTrust REIT 및 International Equity Partners와의 임대 계약 하에 운영되는 캘리포니아 내 5개의 숙련 간호 시설과 3개의 지원 생활 시설의 운영권을 인수했습니다. 또한, 세 개 시설은 규제 검토가 완료되면 관리 계약 하에 운영될 예정입니다.
회사는 또한 아이오와에 위치한 72병상 시설인 Crystal Heights Care Center를 인수했습니다. 이번 인수로 Ensign의 포트폴리오는 17개 주에 걸쳐 361개의 의료 운영 시설로 확대되었으며, 이 중 47개는 시니어 리빙 시설이고, 148개의 부동산 자산을 보유하게 되었습니다.
The Ensign Group (Nasdaq : ENSG) a annoncé plusieurs acquisitions stratégiques effectives au 1er août 2025. La société a acquis les biens immobiliers et les opérations de Pine Crest Health and Memory Care, un établissement de soins infirmiers qualifiés de 120 lits dans le Wisconsin, via sa filiale REIT Standard Bearer Healthcare.
Dans des transactions distinctes, Ensign a acquis les opérations de cinq établissements de soins infirmiers qualifiés et trois établissements de vie assistée en Californie, exploités sous des contrats de location avec CareTrust REIT et International Equity Partners. De plus, trois établissements seront exploités sous des accords de gestion en attente des examens réglementaires.
La société a également acquis le Crystal Heights Care Center, un établissement de 72 lits en Iowa. Ces acquisitions élargissent le portefeuille d'Ensign à 361 établissements de santé dans 17 États, dont 47 établissements pour personnes âgées, avec 148 actifs immobiliers détenus.
The Ensign Group (Nasdaq: ENSG) gab mehrere strategische Übernahmen bekannt, die zum 1. August 2025 wirksam werden. Das Unternehmen erwarb durch seine REIT-Tochtergesellschaft Standard Bearer Healthcare das Immobilien- und Betriebsvermögen von Pine Crest Health and Memory Care, einer Pflegeeinrichtung mit 120 Betten in Wisconsin.
In separaten Transaktionen übernahm Ensign den Betrieb von fünf Pflegeeinrichtungen und drei betreuten Wohneinrichtungen in Kalifornien, die im Rahmen von Mietverträgen mit CareTrust REIT und International Equity Partners betrieben werden. Zusätzlich werden drei Einrichtungen im Rahmen von Managementverträgen betrieben, die noch regulatorische Prüfungen durchlaufen.
Das Unternehmen erwarb zudem das Crystal Heights Care Center, eine Einrichtung mit 72 Betten in Iowa. Diese Übernahmen erweitern Ensigns Portfolio auf 361 Gesundheitsbetriebe in 17 Bundesstaaten, darunter 47 Senioreneinrichtungen, mit 148 eigenen Immobilien.
- Strategic expansion into northern Wisconsin market strengthening regional presence
- Significant portfolio growth with addition of 1,200+ operational beds/units in California
- Increased real estate ownership through Standard Bearer Healthcare REIT subsidiary
- Geographic diversification across 17 states with 361 total healthcare operations
- Three California facilities pending regulatory reviews before full operational control
- Multiple simultaneous acquisitions may present integration challenges
Insights
Ensign's strategic multi-state expansion adds 1,200+ beds through diverse acquisition structures, strengthening geographic footprint and diversifying revenue streams.
Ensign Group's latest expansion demonstrates a calculated multi-pronged acquisition strategy across three states. The company has simultaneously executed three separate transaction types: 1) a complete real estate and operations acquisition in Wisconsin through their captive REIT, 2) operations-only acquisitions with triple-net lease arrangements in California, and 3) a combined real estate/operations acquisition in Iowa.
The Wisconsin acquisition of Pine Crest Health brings 120 skilled nursing beds that strategically complement existing northern Wisconsin operations, creating operational synergies. The California transaction is particularly substantial, adding over 1,200 beds across 8 facilities (5 skilled nursing, 3 assisted living), with 3 additional facilities under management agreements pending regulatory approval.
This expansion increases Ensign's portfolio to 361 healthcare operations spanning 17 states, with 148 owned real estate assets through Standard Bearer Healthcare REIT. The structured approach - mixing ownership models between their captive REIT and lease arrangements with external REITs like CareTrust - demonstrates sophisticated capital allocation.
The expansion strengthens Ensign's position in key markets while maintaining their asset-light approach where appropriate. By entering strategic lease arrangements with CareTrust REIT and International Equity Partners in California while directly owning assets in Wisconsin and Iowa, Ensign optimizes their balance sheet while achieving significant operational scale growth. This diversified acquisition approach suggests a deliberate strategy to expand their geographic footprint while maintaining financial flexibility.
SAN JUAN CAPISTRANO, Calif., Aug. 04, 2025 (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 Pine Crest Health and Memory Care, a 120-bed skilled nursing facility located in Merrill, Wisconsin. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and the facility will be operated by an Ensign-affiliated tenant. The acquisition is effective as of August 1, 2025.
“This is a perfect addition to our growing portfolio in the great state of Wisconsin. This new addition joins our existing operations and allows us to offer even more services to the communities in the northern part of the state,” said Barry Port, Ensign's Chief Executive Officer.
Dave Jorgensen, President of Gateway Healthcare LLC, Ensign’s Wisconsin-based subsidiary, added, “We are excited to get to work with the talented caregivers at this facility. We look forward to continuing the legacy of Lincoln County and building an amazing relationship with the community, our residents, and their families.”
In a separate transaction on the same day, Ensign announced it acquired the operations of five skilled nursing operations and three assisted living in California. These acquisitions were effective on August 1, 2025, and are subject to new triple net lease arrangements with affiliates of CareTrust REIT Inc., (NYSE: CTRE) and International Equity Partners. In addition, this acquisition also included three additional facilities, which are being operated under management agreements pending certain state regulatory reviews. In total, Ensign-affiliates will operate eleven new facilities in California, adding over 1,200 operational beds/units to Ensign’s portfolio.
In another transaction on the same day, Ensign announced that it acquired the real estate, through a subsidiary of Standard Bearer and operations of Crystal Heights Care Center, a 72-bed skilled nursing facility located in Oskaloosa, Iowa.
These acquisitions are effective as of August 1, 2025, and bring Ensign's growing portfolio to 361 healthcare operations, which includes 47 senior living operations, across 17 states. Ensign subsidiaries, including Standard Bearer, own 148 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 361 healthcare facilities in Alabama, Alaska, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, 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
How many facilities did Ensign Group acquire in August 2025?
What is the new total number of Ensign Group healthcare operations after the August 2025 acquisitions?
How many operational beds did Ensign Group add in California through these acquisitions?
How many real estate assets does Ensign Group own through Standard Bearer?
What is the size of the Pine Crest Health and Memory Care facility in Wisconsin?
