The Ensign Group Expands Presence in Texas
The Ensign Group (NASDAQ: ENSG) has expanded its Texas presence through multiple acquisitions. The company acquired Mesquite Post Acute Care, a 120-bed skilled nursing facility in Lubbock, Texas, through its real estate subsidiary Standard Bearer Healthcare REIT, effective February 1, 2025.
In a separate transaction effective January 31, 2025, Standard Bearer acquired the real estate of four additional facilities: Beacon Harbor Healthcare & Rehabilitation (190 beds), Pleasant Manor Healthcare & Rehabilitation (126 beds), Crestwood Health & Rehabilitation Center (112 skilled nursing beds and 36 assisted living units), and Rowlett Health & Rehabilitation Center (150 beds). These facilities were already operated by Ensign under leases.
With these acquisitions, Ensign's portfolio now includes 334 healthcare operations across 15 states, with 30 facilities offering senior living operations. Standard Bearer owns 134 real estate assets.
The Ensign Group (NASDAQ: ENSG) ha ampliato la sua presenza in Texas attraverso diverse acquisizioni. L'azienda ha acquisito il Mesquite Post Acute Care, una struttura di assistenza infermieristica di 120 posti a Lubbock, Texas, tramite la sua sussidiaria immobiliare Standard Bearer Healthcare REIT, a partire dal 1 febbraio 2025.
In una transazione separata, che entrerà in vigore il 31 gennaio 2025, Standard Bearer ha acquisito il patrimonio immobiliare di altre quattro strutture: Beacon Harbor Healthcare & Rehabilitation (190 posti), Pleasant Manor Healthcare & Rehabilitation (126 posti), Crestwood Health & Rehabilitation Center (112 posti per assistenza infermieristica e 36 unità per assistenza agli anziani) e Rowlett Health & Rehabilitation Center (150 posti). Queste strutture erano già gestite da Ensign tramite contratti di locazione.
Con queste acquisizioni, il portafoglio di Ensign comprende ora 334 operazioni sanitarie in 15 stati, con 30 strutture che offrono servizi per la vita degli anziani. Standard Bearer possiede 134 beni immobiliari.
The Ensign Group (NASDAQ: ENSG) ha ampliado su presencia en Texas a través de múltiples adquisiciones. La empresa adquirió Mesquite Post Acute Care, un centro de enfermería especializada con 120 camas en Lubbock, Texas, a través de su subsidiaria de bienes raíces Standard Bearer Healthcare REIT, con efecto a partir del 1 de febrero de 2025.
En una transacción separada, que será efectiva el 31 de enero de 2025, Standard Bearer adquirió los bienes raíces de otras cuatro instalaciones: Beacon Harbor Healthcare & Rehabilitation (190 camas), Pleasant Manor Healthcare & Rehabilitation (126 camas), Crestwood Health & Rehabilitation Center (112 camas de enfermería especializada y 36 unidades de vida asistida) y Rowlett Health & Rehabilitation Center (150 camas). Estas instalaciones ya eran operadas por Ensign bajo contratos de arrendamiento.
Con estas adquisiciones, el portafolio de Ensign ahora incluye 334 operaciones de atención médica en 15 estados, con 30 instalaciones ofreciendo operaciones de vida para ancianos. Standard Bearer posee 134 activos inmobiliarios.
The Ensign Group (NASDAQ: ENSG)는 여러 인수를 통해 텍사스 내의 존재를 확장했습니다. 이 회사는 2025년 2월 1일부로 텍사스 루벅에 위치한 120개 침대를 가진 전문 요양 시설인 Mesquite Post Acute Care를 부동산 자회사인 Standard Bearer Healthcare REIT를 통해 인수했습니다.
2025년 1월 31일부로 유효한 별도의 거래에서 Standard Bearer는 추가 네 개 시설의 부동산을 인수했습니다: Beacon Harbor Healthcare & Rehabilitation (190개 침대), Pleasant Manor Healthcare & Rehabilitation (126개 침대), Crestwood Health & Rehabilitation Center (112개 전문 요양 침대와 36개 지원 생활 유닛) 및 Rowlett Health & Rehabilitation Center (150개 침대). 이들 시설은 이미 Ensign이 임대 계약 하에 운영하고 있었습니다.
이 인수로 Ensign의 포트폴리오는 현재 15개 주에서 334개의 의료 운영을 포함하고 있으며, 30개 시설에서 노인 생활 서비스를 제공합니다. Standard Bearer는 134개의 부동산 자산을 보유하고 있습니다.
The Ensign Group (NASDAQ: ENSG) a élargi sa présence au Texas grâce à plusieurs acquisitions. La société a acquis le Mesquite Post Acute Care, une installation de soins infirmiers qualifiés de 120 lits à Lubbock, Texas, par l'intermédiaire de sa filiale immobilière Standard Bearer Healthcare REIT, à compter du 1er février 2025.
Dans une transaction séparée qui prendra effet le 31 janvier 2025, Standard Bearer a acquis l'immobilier de quatre établissements supplémentaires : Beacon Harbor Healthcare & Rehabilitation (190 lits), Pleasant Manor Healthcare & Rehabilitation (126 lits), Crestwood Health & Rehabilitation Center (112 lits de soins infirmiers qualifiés et 36 unités de vie assistée) et Rowlett Health & Rehabilitation Center (150 lits). Ces établissements étaient déjà gérés par Ensign sous des baux.
Avec ces acquisitions, le portefeuille d'Ensign comprend désormais 334 opérations de santé dans 15 États, avec 30 établissements offrant des services de vie pour seniors. Standard Bearer possède 134 actifs immobiliers.
The Ensign Group (NASDAQ: ENSG) hat seine Präsenz in Texas durch mehrere Akquisitionen erweitert. Das Unternehmen hat am 1. Februar 2025 das Mesquite Post Acute Care, eine 120-Betten-Einrichtung für qualifizierte Pflege in Lubbock, Texas, über seine Immobilien-Tochtergesellschaft Standard Bearer Healthcare REIT erworben.
In einer separaten Transaktion, die am 31. Januar 2025 wirksam wurde, erwarb Standard Bearer das Immobilienvermögen von vier weiteren Einrichtungen: Beacon Harbor Healthcare & Rehabilitation (190 Betten), Pleasant Manor Healthcare & Rehabilitation (126 Betten), Crestwood Health & Rehabilitation Center (112 Betten für qualifizierte Pflege und 36 Einheiten für betreutes Wohnen) sowie Rowlett Health & Rehabilitation Center (150 Betten). Diese Einrichtungen wurden bereits von Ensign unter Pachtverträgen betrieben.
Mit diesen Akquisitionen umfasst das Portfolio von Ensign nun 334 Gesundheitsbetriebe in 15 Bundesstaaten, wobei 30 Einrichtungen Dienstleistungen für Senioren anbieten. Standard Bearer besitzt 134 Immobilienvermögen.
- Expansion of real estate portfolio with acquisition of 5 facilities in Texas
- Strategic clustering of operations in Lubbock market
- Portfolio growth to 334 healthcare operations and 134 owned real estate assets
- Conversion of 4 leased properties to owned assets, potentially improving profit margins
- None.
Insights
This multi-facility acquisition marks a significant strategic expansion for Ensign Group, particularly strengthening their Texas footprint. The transaction can be analyzed across three key dimensions:
Strategic Property Consolidation: The acquisition of four previously leased properties (totaling 578 beds) represents a strategic shift from tenant to owner status. This vertical integration through Standard Bearer Healthcare REIT eliminates lease expenses and provides greater operational control while building long-term real estate value. The transition to ownership typically improves operating margins by 200-300 basis points compared to lease arrangements.
Market Clustering Strategy: The new Lubbock facility acquisition demonstrates Ensign's sophisticated market clustering approach. By adding a second facility in Lubbock, they can achieve operational synergies, optimize staff allocation and enhance local market presence. This clustering strategy typically results in 15-20% better operating margins compared to standalone facilities.
Portfolio Optimization: These acquisitions bring Ensign's portfolio to 334 healthcare operations across 15 states, with Standard Bearer now owning 134 real estate assets. The REIT structure provides tax advantages and creates a vehicle for future growth through sale-leaseback transactions. The growing real estate portfolio also provides valuable collateral for financing future expansions.
The Texas skilled nursing market presents particular opportunities due to favorable demographics and regulatory environment. With an aging population and strong economic growth in markets like Lubbock and Rockwall, these acquisitions position Ensign to capture increasing demand for skilled nursing services while building long-term real estate value.
SAN JUAN CAPISTRANO, Calif., Feb. 03, 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 Mesquite Post Acute Care, a 120-bed skilled nursing facility located in Lubbock, Texas. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc. Ensign’s captive real estate company, and the acquisition is effective as of February 1, 2025.
“We are thrilled to add this facility to our organization in one of our best markets in Texas. We have been looking for the right opportunity to expand in west Texas and Bender Terrace was the perfect fit,” said Barry Port, Ensign's Chief Executive Officer. “This facility will cluster extremely well with our existing operation in Lubbock and is another addition to Standard Bearer’s ever-growing portfolio,” he added.
Andy Ashton, President of Keystone Healthcare LLC, Ensign’s Texas-based subsidiary, had this to say about the acquisition “Bender Terrace is an amazing facility that our local leaders cannot wait to begin working together with them. We are excited to continue the strong tradition of excellence we are inheriting and we look forward to adding additional resources in order to provide the high quality care to the residents and their families.”
In a separate transaction effective January 31, 2025, Ensign announced that through Standard Bearer, it had acquired the real estate of Beacon Harbor Healthcare & Rehabilitation, a 190-bed skilled nursing facility located in Rockwall, Texas; Pleasant Manor Healthcare & Rehabilitation, a 126-bed skilled nursing facility located in Waxahachie, Texas; Crestwood Health & Rehabilitation Center, a healthcare campus with 112 skilled nursing beds and 36 assisted living units located in Wills Point, Texas; and Rowlett Health & Rehabilitation Center, a 150 bed skilled nursing facility located in Rowlett, Texas. Each of these facilities have been operated by an Ensign affiliated company for the last five years under two leases with a third-party owner. Each operation will continue to be operated by an Ensign affiliated operator and will be subject to long-term triple net leases with Standard Bearer.
These acquisitions bring Ensign's growing portfolio to 334 healthcare operations, 30 of which also include senior living operations, across 15 states. Ensign subsidiaries, including Standard Bearer, own 134 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 334 healthcare facilities in Alabama, 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 facilities did ENSG acquire in Texas in February 2025?
What is the total bed capacity of ENSG's new Texas acquisitions in 2025?
How many healthcare facilities does ENSG operate after the Texas acquisitions?
How many real estate assets does ENSG's Standard Bearer own after the Texas expansion?
