STOCK TITAN

The Ensign Group Adds Seven New Operations in Colorado

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

The Ensign Group (Nasdaq: ENSG) has expanded its operations in Colorado, acquiring seven skilled nursing facilities effective September 1, 2024. These facilities, located in Pueblo, Durango, Windsor, Loveland, Greeley, and Longmont, add a total of 760 beds to Ensign's portfolio. The acquisitions are subject to long-term, triple net leases.

In a separate transaction, Ensign also acquired a 102-bed facility in Overland Park, Kansas. With these additions, Ensign's portfolio now comprises 323 healthcare operations across fourteen states, including 29 with senior living operations. Ensign subsidiaries own 122 real estate assets.

CEO Barry Port emphasized the strategic fit of these acquisitions within Ensign's existing Colorado footprint and reaffirmed the company's active pursuit of growth opportunities nationwide.

The Ensign Group (Nasdaq: ENSG) ha ampliato le sue operazioni in Colorado, acquisendo sette strutture di assistenza sanitaria specializzate a partire dal 1 settembre 2024. Queste strutture, situate a Pueblo, Durango, Windsor, Loveland, Greeley e Longmont, aggiungono un totale di 760 letti al portafoglio di Ensign. Le acquisizioni sono soggette a contratti di locazione a lungo termine con triplo netto.

In una transazione separata, Ensign ha anche acquisito una struttura con 102 letti a Overland Park, Kansas. Con queste aggiunte, il portafoglio di Ensign comprende ora 323 operazioni sanitarie in quattordici stati, incluse 29 operazioni per la vita degli anziani. Le sussidiarie di Ensign possiedono 122 beni immobili.

Il CEO Barry Port ha enfatizzato l'idoneità strategica di queste acquisizioni all'interno della presenza esistente di Ensign in Colorado e ha ribadito l'impegno dell'azienda nella ricerca attiva di opportunità di crescita a livello nazionale.

El Ensign Group (Nasdaq: ENSG) ha ampliado sus operaciones en Colorado, adquiriendo siete instalaciones de enfermería especializada a partir del 1 de septiembre de 2024. Estas instalaciones, ubicadas en Pueblo, Durango, Windsor, Loveland, Greeley y Longmont, añaden un total de 760 camas al portafolio de Ensign. Las adquisiciones están sujetas a contratos de arrendamiento a largo plazo con triple neto.

En una transacción separada, Ensign también adquirió una instalación de 102 camas en Overland Park, Kansas. Con estas adiciones, el portafolio de Ensign ahora comprende 323 operaciones de atención médica en catorce estados, incluyendo 29 con operaciones de vida para personas mayores. Las filiales de Ensign poseen 122 activos inmobiliarios.

El CEO Barry Port enfatizó la adecuación estratégica de estas adquisiciones dentro de la huella existente de Ensign en Colorado y reafirmó la búsqueda activa de oportunidades de crecimiento a nivel nacional por parte de la empresa.

Ensign 그룹 (Nasdaq: ENSG)은 콜로라도에서 사업을 확장하여 2024년 9월 1일부터 7개의 숙련된 요양 시설을 인수했습니다. 이들 시설은 푸에블로, 두랑고, 윈저, 러브랜드, 그릴리, 롱몬트에 위치해 있으며, Ensign의 포트폴리오에 총 760개 침대를 추가합니다. 인수는 장기적으로 세금이 포함된 넷 임대 계약에 따라 진행됩니다.

또한 Ensign은 캔자스주 오버랜드 파크에 102개 침대 시설을 인수했습니다. 이러한 추가로 인해 Ensign의 포트폴리오에는 이제 323개의 의료 운영이 14개 주에 걸쳐 포함되며, 그 중 29개는 노인 생활 운영을 포함합니다. Ensign의 자회사들은 122개의 부동산 자산을 소유하고 있습니다.

CEO 배리 포트는 이러한 인수가 Ensign의 기존 콜로라도 사업에 전략적으로 적합하다고 강조하며, 전국적으로 성장 기회를 적극적으로 모색하고 있음을 재확인했습니다.

Le groupe Ensign (Nasdaq: ENSG) a élargi ses opérations dans le Colorado, en acquérant sept établissements de soins infirmiers spécialisés à compter du 1er septembre 2024. Ces établissements, situés à Pueblo, Durango, Windsor, Loveland, Greeley et Longmont, ajoutent un total de 760 lits au portefeuille d'Ensign. Les acquisitions sont soumises à des baux triples nets à long terme.

Dans une transaction distincte, Ensign a également acquis un établissement de 102 lits à Overland Park, Kansas. Avec ces ajouts, le portefeuille d'Ensign comprend désormais 323 opérations de santé dans quatorze États, y compris 29 avec des opérations de vie pour seniors. Les filiales d'Ensign possèdent 122 actifs immobiliers.

Le PDG Barry Port a souligné la pertinence stratégique de ces acquisitions au sein de l'empreinte existante d'Ensign en Colorado et a réaffirmé la recherche active d'opportunités de croissance à l'échelle nationale par l'entreprise.

Die Ensign Group (Nasdaq: ENSG) hat ihre Aktivitäten in Colorado ausgeweitet und zum 1. September 2024 sieben Fachpflegeeinrichtungen erworben. Diese Einrichtungen, die sich in Pueblo, Durango, Windsor, Loveland, Greeley und Longmont befinden, fügen Ensigns Portfolio insgesamt 760 Betten hinzu. Die Akquisitionen unterliegen langfristigen, netto-dreifach Mietverträgen.

In einer separaten Transaktion erwarb Ensign auch eine Einrichtung mit 102 Betten in Overland Park, Kansas. Mit diesen Ergänzungen umfasst Ensigns Portfolio nun 323 Gesundheitsbetriebe in vierzehn Bundesstaaten, darunter 29 mit Angeboten für Senioren. Die Tochtergesellschaften von Ensign besitzen 122 Immobilien.

CEO Barry Port betonte, dass diese Akquisitionen strategisch gut zu Ensigns bestehender Präsenz in Colorado passen und wiederholte das aktive Bestreben des Unternehmens, landesweit Wachstumschancen zu nutzen.

Positive
  • Expansion of operations with 7 new skilled nursing facilities in Colorado, adding 760 beds
  • Additional acquisition of a 102-bed facility in Kansas
  • Growth of portfolio to 323 healthcare operations across 14 states
  • Strategic fit within existing Colorado footprint
  • Long-term, triple net leases for all new acquisitions
Negative
  • None.

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 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 acquisitions were effective as of September 1, 2024, and are subject to long-term, triple net leases.

“We are thrilled to continue our recent expansion in Colorado. These operations are a perfect fit within our existing footprint in the state. Our strong team of local leadership in Colorado are poised to continue our tradition of excellent clinical leadership with the addition of these buildings,” said Barry Port, Ensign's Chief Executive Officer.

Dave Jorgensen, President of Endura Healthcare LLC, Ensign’s Colorado-based subsidiary, added “Our team is so excited to add these operations. We can’t wait to add our experience and culture to these facilities and believe them to be a perfect fit as we seek to provide top-notch care to the residents and families of Colorado we serve.”

In a separate transaction on the same day, Ensign announced that it acquired Prairie Ridge Health and Rehabilitation, a 102-bed skilled nursing facility located in Overland Park, Kansas. The new facility will be subject to a long-term triple net lease.

All of these acquisitions are 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.


FAQ

How many new skilled nursing facilities did Ensign Group acquire in Colorado on September 1, 2024?

The Ensign Group acquired seven new skilled nursing facilities in Colorado on September 1, 2024.

What is the total number of beds added to Ensign Group's portfolio from the Colorado acquisitions?

The seven new skilled nursing facilities in Colorado added a total of 760 beds to Ensign Group's portfolio.

Did Ensign Group (ENSG) make any acquisitions outside of Colorado in this announcement?

Yes, Ensign Group also acquired Prairie Ridge Health and Rehabilitation, a 102-bed skilled nursing facility in Overland Park, Kansas.

How many healthcare operations does Ensign Group now have after these acquisitions?

After these acquisitions, Ensign Group's portfolio has grown to 323 healthcare operations across fourteen states.

What type of lease agreements are the new acquisitions subject to for Ensign Group (ENSG)?

The new acquisitions are subject to long-term, triple net leases.

The Ensign Group, Inc.

NASDAQ:ENSG

ENSG Rankings

ENSG Latest News

ENSG Stock Data

8.58B
56.92M
3.39%
97.5%
4.43%
Medical Care Facilities
Services-skilled Nursing Care Facilities
Link
United States of America
SAN JUAN CAPISTRANO