The Ensign Group Increases Presence in Wisconsin
The Ensign Group (NASDAQ: ENSG) has expanded its presence in Wisconsin through multiple strategic acquisitions effective November 1, 2024. The company acquired the 82-bed Benedictine Living Community Wausau skilled nursing facility through its REIT subsidiary, Standard Bearer Healthcare. Additionally, Standard Bearer acquired four assisted living facilities in Wisconsin: Marla Vista Assisted Living (40 assisted living/20 memory care beds), Marla Vista Manor (20 memory care beds), Carrington Assisted Living (20 beds), and Carolina Assisted Living (45 beds). These facilities will be operated by The Pennant Group affiliates. With these acquisitions, Ensign's portfolio now includes 325 healthcare operations across fourteen states, with 128 owned real estate assets.
The Ensign Group (NASDAQ: ENSG) ha ampliato la sua presenza in Wisconsin attraverso molteplici acquisizioni strategiche, che sono entrate in vigore il 1° novembre 2024. L'azienda ha acquisito la struttura di assistenza infermieristica Benedictine Living Community Wausau con 82 letti tramite la sua controllata REIT, Standard Bearer Healthcare. Inoltre, Standard Bearer ha acquisito quattro strutture di assistenza abitativa in Wisconsin: Marla Vista Assisted Living (40 letti per assistenza abitativa/20 letti per cure della memoria), Marla Vista Manor (20 letti per cure della memoria), Carrington Assisted Living (20 letti) e Carolina Assisted Living (45 letti). Queste strutture saranno gestite da affiliati del Pennant Group. Con queste acquisizioni, il portafoglio di Ensign comprende ora 325 operazioni sanitarie in quattordici stati, con 128 beni immobili di proprietà.
The Ensign Group (NASDAQ: ENSG) ha ampliado su presencia en Wisconsin a través de múltiples adquisiciones estratégicas efectivas a partir del 1 de noviembre de 2024. La compañía adquirió la instalación de enfermería especializada Benedictine Living Community Wausau con 82 camas a través de su subsidiaria REIT, Standard Bearer Healthcare. Además, Standard Bearer adquirió cuatro instalaciones de vida asistida en Wisconsin: Marla Vista Assisted Living (40 camas de vida asistida/20 camas de atención de memoria), Marla Vista Manor (20 camas de atención de memoria), Carrington Assisted Living (20 camas) y Carolina Assisted Living (45 camas). Estas instalaciones serán operadas por afiliados del Pennant Group. Con estas adquisiciones, el portafolio de Ensign ahora incluye 325 operaciones de atención médica en catorce estados, con 128 bienes raíces propios.
The Ensign Group (NASDAQ: ENSG)는 2024년 11월 1일부로 여러 전략적 인수를 통해 위스콘신에서의 입지를 확장했습니다. 이 회사는 REIT 자회사를 통해 82침대 규모의 Benedictine Living Community Wausau 숙련 간호 시설을 인수했습니다. 또한 Standard Bearer는 위스콘신 주에 있는 네 개의 assisted living 시설을 인수했습니다: Marla Vista Assisted Living(40 assisted living/20 메모리 케어 침대), Marla Vista Manor(20 메모리 케어 침대), Carrington Assisted Living(20 침대) 및 Carolina Assisted Living(45 침대). 이 시설들은 Pennant Group의 계열사에 의해 운영될 것입니다. 이러한 인수로 Ensign의 포트폴리오는 이제 14개 주에서 325개의 의료 운영이 포함되며, 128개의 소유 부동산 자산을 보유하고 있습니다.
The Ensign Group (NASDAQ: ENSG) a élargi sa présence dans le Wisconsin à travers plusieurs acquisitions stratégiques effectives à partir du 1er novembre 2024. L'entreprise a acquis la structure de soins infirmiers Benedictine Living Community Wausau, qui dispose de 82 lits, par l'intermédiaire de sa filiale REIT, Standard Bearer Healthcare. De plus, Standard Bearer a acquis quatre établissements d'assistance dans le Wisconsin : Marla Vista Assisted Living (40 lits d'assistance/20 lits de soins de mémoire), Marla Vista Manor (20 lits de soins de mémoire), Carrington Assisted Living (20 lits) et Carolina Assisted Living (45 lits). Ces établissements seront gérés par des affiliés du Pennant Group. Avec ces acquisitions, le portefeuille d'Ensign comprend désormais 325 opérations de santé réparties sur quatorze États, avec 128 actifs immobiliers détenus.
The Ensign Group (NASDAQ: ENSG) hat seine Präsenz in Wisconsin durch mehrere strategische Übernahmen, die am 1. November 2024 wirksam werden, erweitert. Das Unternehmen hat die 82-Betten große Benedictine Living Community Wausau, ein Pflegeheim, durch seine REIT-Tochtergesellschaft Standard Bearer Healthcare übernommen. Darüber hinaus hat Standard Bearer vier betreute Wohnanlagen in Wisconsin erworben: Marla Vista Assisted Living (40 Betten für betreutes Wohnen/20 Betten für Gedächtnispflege), Marla Vista Manor (20 Betten für Gedächtnispflege), Carrington Assisted Living (20 Betten) und Carolina Assisted Living (45 Betten). Diese Einrichtungen werden von den Tochtergesellschaften der Pennant Group betrieben. Mit diesen Übernahmen umfasst das Portfolio von Ensign nun 325 Gesundheitsbetriebe in vierzehn Bundesstaaten, mit 128 eigenen Immobilien.
- Portfolio expansion with acquisition of 5 new facilities in Wisconsin
- Strategic clustering with existing locations enhancing operational efficiency
- Growth of real estate portfolio through Standard Bearer Healthcare REIT
- Total portfolio reaches 325 healthcare operations across 14 states
- Company owns 128 real estate assets
- None.
SAN JUAN CAPISTRANO, Calif., Nov. 04, 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 real estate and operations of Benedictine Living Community Wausau f/k/a Benedictine Manor of Wausau, an 82-bed skilled nursing facility located in Wausau, Wisconsin. 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 November 1, 2024.
“We have been looking for the right opportunity to add to our portfolio in Wisconsin and our patience is paying off,” said Barry Port, Ensign's Chief Executive Officer. “This operation clusters well with our existing locations and presents yet another opportunity for Standard Bearer Healthcare REIT, Inc. to add to its growing footprint,” he added.
Dave Jorgensen, President of Gateway Healthcare LLC, Ensign’s Wisconsin-based subsidiary, added, “This was the perfect opportunity for us to add to our Wisconsin facilities. The team here is top notch, and we are thrilled to be able to work together as we strive to provide excellent service to our patients and their families.”
In separate transactions on the same day, Ensign announced that through Standard Bearer it had acquired the real estate to Marla Vista Assisted Living, an assisted living facility with 40 assisted living beds and 20 memory care beds located in Green Bay, Wisconsin; Marla Vista Manor, a memory care facility consisting of 20 memory care beds located in Green Bay, Wisconsin; Carrington Assisted Living, an assisted living facility with 20 assisted living beds located in Green Bay, Wisconsin; and Carolina Assisted Living, an assisted living facility with 45 assisted living beds located in Appleton, Wisconsin. Each of these facilities will be operated by affiliates of The Pennant Group, Inc., and subject to long-term triple net leases.
These acquisitions are effective as of November 1, 2024, and bring Ensign's growing portfolio to 325 healthcare operations, 30 of which also include senior living operations, across fourteen states. Ensign subsidiaries, including Standard Bearer, own 128 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 325 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.
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