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The Ensign Group Acquires California Skilled Nursing Operations
May 2, 2019 at 6:00 AM EDT
MISSION VIEJO, Calif., May 02, 2019 (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 operations of four skilled nursing facilities in California. The acquisitions were effective May 1, 2019 and will be subject to long-term, triple net leases. The acquisitions include:
The Hills Post Acute, a skilled nursing facility with 172 skilled nursing beds located in Santa Ana, California;
St. Elizabeth Healthcare and Rehabilitation, a skilled nursing facility with 59 skilled nursing beds located in Fullerton, California;
Villa Maria Post Acute, a skilled nursing facility with 78 skilled nursing beds located in Santa Maria, California; and
Mainplace Post Acute, a skilled nursing facility with 163 skilled nursing beds located in Orange, California.
"We are thrilled to add these operations in our most mature and healthiest markets," said Christopher Christensen, Ensign's President and Chief Executive Officer. “Together with Ensign's existing operations in the Orange County and Santa Maria markets, these new additions strengthen our local clusters and will magnify our ability to provide top quality care to the patients and families we serve,” he added.
"We are excited to work with the wonderful caregivers at each of these facilities to enhance the quality of skilled nursing care services provided to their present and future patients, and to meet and exceed the clinical, emotional and social needs of each resident and their family," added Adam Willits, President of Flagstone Healthcare South, Inc., Ensign’s California-based portfolio subsidiary.
In separate transactions on the same day, Ensign announced that its affiliates acquired the operations of two campuses located in Peoria, Arizona and Mesa Arizona, respectively, and the assets of Resolutions Hospice, which operates hospice agencies in Austin and Houston, Texas. Each of these acquisitions were also effective May 1, 2019.
These acquisitions bring Ensign's growing portfolio to 197 skilled nursing operations, 26 of which also include assisted living operations, 57 assisted and independent living operations, 26 hospice agencies, 25 home health agencies and nine home care businesses across sixteen states. Ensign owns the real estate at 77 of its 254 healthcare operations.
Mr. Christensen reaffirmed that Ensign 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 254 healthcare facilities, 26 hospice agencies, 25 home health agencies and nine home care businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon, Wisconsin, Kansas, South Carolina, Oklahoma, and Wyoming. More information about Ensign is available at http://www.ensigngroup.net.