The Ensign Group Purchases Two Facilities in Washington
The Ensign Group (ENSG) has announced multiple strategic acquisitions across Washington and California. Through its real estate subsidiary Standard Bearer Healthcare REIT, the company acquired Emilie Court Assisted Living (60 units) in Spokane, WA and Mother Joseph Care Center (152 beds) in Olympia, WA. These properties will be operated by third-party operators under long-term triple net leases.
In separate transactions, ENSG acquired Pacific Haven Subacute and Healthcare Center (99 beds) in Garden Grove, CA, including both real estate and operations. Additionally, the company obtained operational control of Alamitos West Health and Rehabilitation (142 beds) and Katella Senior Living Community (68 units) in Los Alamitos, CA, under third-party landlord leases.
These April 1, 2025 acquisitions expand Ensign's portfolio to 343 healthcare operations, including 44 senior living facilities across 17 states, with 143 owned real estate assets.
The Ensign Group (ENSG) ha annunciato diverse acquisizioni strategiche in Washington e California. Attraverso la sua sussidiaria immobiliare Standard Bearer Healthcare REIT, l'azienda ha acquisito Emilie Court Assisted Living (60 unità) a Spokane, WA e Mother Joseph Care Center (152 letti) a Olympia, WA. Queste proprietà saranno gestite da operatori terzi sotto contratti di locazione a lungo termine triple net.
In transazioni separate, ENSG ha acquisito Pacific Haven Subacute and Healthcare Center (99 letti) a Garden Grove, CA, includendo sia il patrimonio immobiliare che le operazioni. Inoltre, l'azienda ha ottenuto il controllo operativo di Alamitos West Health and Rehabilitation (142 letti) e Katella Senior Living Community (68 unità) a Los Alamitos, CA, sotto contratti di locazione con proprietari terzi.
Queste acquisizioni del 1 aprile 2025 espandono il portafoglio di Ensign a 343 operazioni sanitarie, comprese 44 strutture per anziani in 17 stati, con 143 beni immobili di proprietà.
The Ensign Group (ENSG) ha anunciado múltiples adquisiciones estratégicas en Washington y California. A través de su subsidiaria inmobiliaria Standard Bearer Healthcare REIT, la empresa adquirió Emilie Court Assisted Living (60 unidades) en Spokane, WA y Mother Joseph Care Center (152 camas) en Olympia, WA. Estas propiedades serán operadas por operadores externos bajo arrendamientos a largo plazo triple net.
En transacciones separadas, ENSG adquirió Pacific Haven Subacute and Healthcare Center (99 camas) en Garden Grove, CA, incluyendo tanto el patrimonio inmobiliario como las operaciones. Además, la empresa obtuvo el control operativo de Alamitos West Health and Rehabilitation (142 camas) y Katella Senior Living Community (68 unidades) en Los Alamitos, CA, bajo arrendamientos con propietarios externos.
Estas adquisiciones del 1 de abril de 2025 expanden el portafolio de Ensign a 343 operaciones de atención médica, incluyendo 44 instalaciones para personas mayores en 17 estados, con 143 activos inmobiliarios en propiedad.
The Ensign Group (ENSG)는 워싱턴주와 캘리포니아주에서 여러 전략적 인수를 발표했습니다. 자산 자회사인 Standard Bearer Healthcare REIT를 통해 회사는 워싱턴주 스포캔에 있는 Emilie Court Assisted Living (60 유닛)과 올림피아에 있는 Mother Joseph Care Center (152 침대)를 인수했습니다. 이들 자산은 장기적인 트리플 넷 리스 계약 하에 제3자 운영자에 의해 운영될 것입니다.
별도의 거래에서 ENSG는 캘리포니아주 가든 그로브에 있는 Pacific Haven Subacute and Healthcare Center (99 침대)를 인수했으며, 여기에는 부동산과 운영 모두 포함됩니다. 또한, 회사는 캘리포니아주 로스 알라미토스에 있는 Alamitos West Health and Rehabilitation (142 침대)와 Katella Senior Living Community (68 유닛)에 대한 운영 통제권을 제3자 임대 계약 하에 확보했습니다.
2025년 4월 1일의 이러한 인수는 Ensign의 포트폴리오를 343개의 의료 운영으로 확장하며, 17개 주에서 44개의 노인 거주 시설과 143개의 자산을 포함합니다.
The Ensign Group (ENSG) a annoncé plusieurs acquisitions stratégiques dans l'État de Washington et en Californie. Grâce à sa filiale immobilière Standard Bearer Healthcare REIT, l'entreprise a acquis Emilie Court Assisted Living (60 unités) à Spokane, WA et Mother Joseph Care Center (152 lits) à Olympia, WA. Ces propriétés seront gérées par des opérateurs tiers sous des baux nets triples à long terme.
Dans des transactions séparées, ENSG a acquis Pacific Haven Subacute and Healthcare Center (99 lits) à Garden Grove, CA, incluant à la fois l'immobilier et les opérations. De plus, l'entreprise a obtenu le contrôle opérationnel de Alamitos West Health and Rehabilitation (142 lits) et Katella Senior Living Community (68 unités) à Los Alamitos, CA, sous des baux avec des propriétaires tiers.
Ces acquisitions du 1er avril 2025 étendent le portefeuille d'Ensign à 343 opérations de soins de santé, comprenant 44 établissements pour personnes âgées dans 17 États, avec 143 actifs immobiliers détenus.
The Ensign Group (ENSG) hat mehrere strategische Akquisitionen in Washington und Kalifornien angekündigt. Durch ihre Immobilien-Tochtergesellschaft Standard Bearer Healthcare REIT erwarb das Unternehmen Emilie Court Assisted Living (60 Einheiten) in Spokane, WA und Mother Joseph Care Center (152 Betten) in Olympia, WA. Diese Immobilien werden von Drittfirmen unter langfristigen Triple-Net-Leasingverträgen betrieben.
In separaten Transaktionen erwarb ENSG Pacific Haven Subacute and Healthcare Center (99 Betten) in Garden Grove, CA, einschließlich sowohl Immobilien als auch Betrieb. Darüber hinaus erhielt das Unternehmen die operative Kontrolle über Alamitos West Health and Rehabilitation (142 Betten) und Katella Senior Living Community (68 Einheiten) in Los Alamitos, CA, unter Leasingverträgen mit Drittmietern.
Diese Akquisitionen vom 1. April 2025 erweitern das Portfolio von Ensign auf 343 Gesundheitsbetriebe, einschließlich 44 Seniorenwohnanlagen in 17 Bundesstaaten, mit 143 eigenen Immobilien.
- Strategic expansion with 5 new facility acquisitions across multiple states
- Addition of 521 total beds/units to portfolio
- Growth of real estate asset portfolio through Standard Bearer REIT
- Diversification of revenue streams through mix of owned and leased properties
- Increased financial obligations from multiple acquisitions
- Dependency on third-party operators for Washington facilities performance
Insights
Ensign Group's multi-facility acquisition across Washington and California represents a strategic portfolio expansion executed through their captive REIT structure, Standard Bearer Healthcare. This transaction demonstrates their hybrid growth model in action, combining direct operational control of certain facilities with passive income streams from others leased to third-party operators.
The triple-net lease structure employed for several properties is particularly advantageous for Ensign as the landlord. These agreements typically transfer responsibility for insurance, taxes, and maintenance to tenants while providing Ensign with stable, predictable rental income. This arrangement creates downside protection while maintaining exposure to the healthcare sector's fundamentals.
With this transaction, Ensign has expanded to 343 healthcare operations across 17 states, including ownership of 143 real estate assets. This continued geographic diversification reduces regional concentration risk while capitalizing on economies of scale.
The transaction's structure reveals Ensign's sophisticated capital allocation strategy, allowing them to optimize their portfolio between owned-and-operated facilities and pure-play real estate investments. This flexibility enables Ensign to deploy capital where return potential is highest while maintaining strategic control of their growth trajectory.
Ensign's latest acquisition shows an intelligent dual-track expansion approach that balances operational growth with real estate asset accumulation. By simultaneously acquiring operations in some facilities while purchasing only real estate in others, the company creates multiple avenues for revenue generation and profitability.
The operational diversity within this transaction is noteworthy - spanning skilled nursing, subacute care, and senior living communities. This service mix positions Ensign across the care continuum, allowing them to capture patients at various acuity levels while diversifying revenue sources across different reimbursement mechanisms.
The selective approach to operations - choosing to directly operate some facilities while partnering with third-party operators for others - demonstrates sophisticated market assessment capabilities. This suggests Ensign conducts thorough operational due diligence to determine which facilities align with their operational strengths versus where third-party management makes more sense.
With their portfolio now at 343 healthcare operations, Ensign has achieved substantial scale, likely enabling stronger vendor negotiations, administrative efficiencies, and regional management synergies. The explicit mention that they seek both "well-performing and struggling" facilities indicates a potential value-add strategy where they can leverage operational expertise to improve underperforming assets, potentially generating outsized returns on these investments.
SAN JUAN CAPISTRANO, Calif., April 02, 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 through subsidiaries of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, it acquired the real estate to Emilie Court Assisted Living, a 60-unit senior living facility located in Spokane, Washington; and Mother Joseph Care Center, a 152-bed skilled nursing facility located in Olympia, Washington. Each of these facilities will be operated by a third-party operator and are subject to long term triple net leases. These acquisitions are two of eight buildings that Ensign agreed to purchase last year, some of which closed last month and some that will close in coming months.
“We are delighted to add these two facilities to Standard Bearer’s growing portfolio in the Northwest.” said Barry Port, Ensign's Chief Executive Officer. “One of the purposes of Standard Bearer is that it provides us a pathway to acquire real estate portfolios and to operate the portions that are a fit for us as operators while also partnering with other talented operators that have a similar mission and values that we have. We are very excited to work together with our new tenant and look forward to completing similar transactions with them and others in the future.”
In a separate transaction on the same day, Ensign announced that it acquired the real estate and operations of Pacific Haven Subacute and Healthcare Center, a 99-bed skilled nursing facility located in Garden Grove, California. The real estate was acquired by a subsidiary of Standard Bearer and the business will be operated by an Ensign-affiliated tenant.
Ensign also acquired the operations of Alamitos West Health and Rehabilitation, a 142-bed skilled nursing facility, and Katella Senior Living Community, a 68-unit senior living facility. Both facilities are located in Los Alamitos, California and subject to a long-term, triple net lease with a third-party landlord.
These acquisitions are effective as of April 1, 2025, and bring Ensign's growing portfolio to 343 healthcare operations, which includes 44 senior living operations, across 17 states. Ensign subsidiaries, including Standard Bearer, own 143 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 343 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
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