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The Ensign Group Acquires Arizona Skilled Nursing Facility
April 3, 2018 at 4:15 PM EDT
MISSION VIEJO, Calif., April 03, 2018 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (NASDAQ:ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, announced today that it acquired the real estate and operations of Peoria Post Acute and Rehabilitation, a 128-bed skilled nursing facility located in Peoria, Arizona. The acquisition was effective April 1, 2018. The facility also includes an adjacent 50-bed long-term acute care hospital that is currently operated by a third party under a lease arrangement.
“Our operational and clinical leaders in Arizona are singularly focused on becoming the best-in-class post-acute care provider in their respective markets,” said Christopher Christensen, Ensign's President and Chief Executive Officer. “This new operation is in good hands as they consistently apply proven principles and best practices necessary to become the operation of choice in this community,” he added.
"We look forward to working together with an outstanding team of caregivers and the local healthcare community to provide the highest quality of care to our residents and their families," said Jim Guschl, President of Bandera Healthcare, Inc., Ensign’s Arizona-based operating subsidiary. He added that Peoria had an occupancy rate of approximately 77% at the time of acquisition.
This acquisition brings Ensign's growing portfolio to 182 skilled nursing operations, 21 of which also include assisted living operations, 51 assisted and independent living operations, 22 hospice agencies, 20 home health agencies and four home care businesses across fifteen states. Ensign owns the real estate at 66 of its 233 healthcare operations. Mr. Christensen reaffirmed that the organization is actively seeking opportunities to acquire real estate and to lease both well-performing and struggling skilled nursing, assisted living and other healthcare related businesses throughout the United States.
The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, home health and hospice services and other rehabilitative and healthcare services at 233 healthcare facilities, 22 hospice agencies, 20 home health agencies and four home care businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon, Wisconsin, Kansas, South Carolina, and Oklahoma. More information about Ensign is available at http://www.ensigngroup.net.