The Ensign Group Acquires Healthcare Campus in Kansas
01 Mai 2024 - 12:00PM
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 Hillside Village of De Soto Rehabilitation and
Nursing Center, a facility with 49 skilled nursing beds and 38
assisted living units, located in De Soto, Kansas. 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 May 1, 2024.
“We are thrilled to be adding this operation to
Kansas, a market where we have had consistent, steady growth over
the past year,” said Barry Port, Ensign's Chief Executive Officer.
“This acquisition also provided another great opportunity to add to
Standard Bearer’s growing portfolio,” he added.
Dave Jorgensen, President of Gateway Healthcare,
LLC, Ensign’s Kansas-based subsidiary, added “We have always
admired this operation and are very excited to partner with the
entire team of caregivers. We look forward to adding building on
the solid reputation of this operation and to providing excellent
care to the residents we are honored to serve.”
In separate transactions on the same day, Ensign
announced that it acquired seven other operations, four of which
included real estate assets that were acquired by Standard Bearer.
Each of these new facilities will be operated by an Ensign
affiliated operator, including the following:
-
River Park Post Acute and Elmwood Senior Living, a healthcare
campus with 66 bed skilled nursing beds, 45 assisted living units
and 119 independent living units located in Chandler, Arizona;
-
Spencer Post Acute Rehabilitation Center, an 82-bed skilled nursing
facility located in Spencer, Iowa;
-
South Davis Specialty Care a 95-bed skilled nursing operation,
located in Bountiful, Utah; and
-
Western Peaks Specialty Hospital, a 43-bed long-term acute care
hospital (LTACH) located in Bountiful, Utah.
Also, on the same day, Ensign announced that its
affiliates acquired the following operations, which will be subject
to long-term, triple net leases:
-
Creekview Health and Rehabilitation, a 78-bed skilled nursing
facility located in Knoxville, Tennessee;
-
Foothills Transitional Care and Rehabilitation, a 135-bed skilled
nursing facility located in Maryville, Tennessee; and
-
Midlothian Healthcare Center, a 120-bed skilled nursing facility
located in Midlothian, Texas.
All of these acquisitions are effective as of
May 1, 2024 and bring Ensign's growing portfolio to 310 healthcare
operations, 29 of which also include senior living operations,
across fourteen states. Ensign subsidiaries, including
Standard Bearer, own 119 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 310 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@ensigngroup.net
SOURCE: The Ensign Group, Inc.
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