Ensign Group Expands Presence with New Acquisitions in California

Ensign Group Strengthens California Operations

Ensign Group, Inc. (Nasdaq: ENSG), a prominent player in skilled nursing and senior living services, has recently expanded its operations in California. The company announced the acquisition of two significant facilities: Alamitos West Health and Rehabilitation, a well-equipped 142-bed skilled nursing facility, and Katella Senior Living Community, a 68-unit senior living establishment. Both facilities are strategically located in Los Alamitos and come with a long-term, triple net lease agreement with a third-party landlord.

CEO's Enthusiasm for the New Acquisitions

Barry Port, the CEO of Ensign Group, expressed his excitement about these new additions, stating, "We are thrilled to add these two operations in one of our most mature markets. These operations join an already strong operating cluster, and we can’t wait to build on what’s already been created here." This statement reflects the company’s forward-looking vision in the realm of healthcare and its commitment to enhancing community services.

Commitment to Clinical Excellence

In a related statement, Adam Willits, President of Flagstone Healthcare South LLC, which is a California-based subsidiary of Ensign, shared insights on the quality of care at these facilities. He noted, "These two facilities have such an incredible team of caregivers and we look forward to working together to serve this healthcare community with both post-acute and senior living services. As we strive to follow proven operating principles, we believe these operations can reach new heights in clinical excellence." This highlights the emphasis Ensign places on teamwork and quality service delivery.

Additional Acquisitions Strengthen the Portfolio

In conjunction with the above acquisitions, Ensign also reported acquiring Pacific Haven Subacute and Healthcare Center, a skilled nursing facility with 99 beds located in Garden Grove, California. Standard Bearer Healthcare REIT, Inc., Ensign’s dedicated real estate company, purchased the real estate assets while operations have been leased to an affiliated operator under a long-term lease.

Broader Acquisition Strategies

Moreover, Standard Bearer acquired real estate for Emilie Court Assisted Living, a 60-unit senior living facility in Spokane, Washington, and Mother Joseph Care Center, a 152-bed skilled nursing facility in Olympia, Washington. Each of these sites will be managed by third-party operators via long-term triple-net leases. Collectively, these acquisitions underscore Ensign's vigorous growth strategy and enhance its extensive network of healthcare services.

Commitment to Growth and Quality Care

With these new transactions taking effect, Ensign's portfolio now includes 343 healthcare operations, comprising 44 senior living facilities across 17 states. Additionally, the subsidiaries of Ensign, including Standard Bearer, own 143 real estate assets. Barry Port reaffirmed the company's proactive stance in pursuing opportunities to acquire both well-performing and underperforming skilled nursing and senior living facilities in the U.S. This ongoing commitment to growth and excellence reflects Ensign's resolve to meet the healthcare needs of communities more effectively.

About Ensign Group

Ensign Group, Inc. operates through independent subsidiaries that deliver a wide range of essential services, such as skilled nursing, senior living, physical rehabilitation, and various healthcare therapies. With 343 facilities across numerous states, Ensign continues to build its reputation as a trusted provider in the healthcare sector. For further information about their extensive operations and services, please visit their official website.

Frequently Asked Questions

What recent acquisitions has The Ensign Group made?

The Ensign Group has acquired Alamitos West Health and Rehabilitation and Katella Senior Living Community in California, along with the Pacific Haven facility in Garden Grove.

How does Ensign plan to enhance its operations?

Ensign aims to leverage the expertise of its caregivers and follow proven operating principles to improve clinical excellence in its newly acquired facilities.

What is the focus of Ensign Group's expansion strategy?

The focus is on acquiring both high-performing and struggling skilled nursing and senior living facilities to enhance service offerings and community support.

How many healthcare operations does Ensign currently have?

Ensign's portfolio now comprises 343 healthcare operations, including 44 senior living facilities across 17 states.

What services does The Ensign Group provide?

Ensign Group provides skilled nursing, senior living services, physical rehabilitation, occupational and speech therapies, and various other healthcare services across its facilities.

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