MISSION VIEJO, Calif., July 05, 2016 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (NASDAQ:ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home healthcare, hospice care, assisted living and urgent care companies, announced today that it acquired the operations and real estate of Riverbend Post Acute Rehabilitation, a 161-bed skilled nursing and 10-bed assisted living facility in Kansas City, Kansas. The acquisition was effective July 1, 2016, and included the underlying real estate.
"This acquisition adds to our growing presence in a market where we have a strong cluster of newly-constructed transitional care operations," said Christopher Christensen, Ensign's President and Chief Executive Officer. "Riverbend is a perfect complement to our nearby Healthcare Resorts and we are excited to offer even more skilled nursing and long-term care services to the healthcare community in Kansas City," he added.
"This Riverbend team of caregivers has offered devoted service to patients and family members for many years and we look forward to working together as we strive to deliver top-notch care to this community," said Dave Jorgensen, President of Endura Healthcare, Inc., Ensign's centrally-based portfolio subsidiary. He added that Riverbend, which had
previously been operated by a faith-based nonprofit organization, had an occupancy rate of approximately 56% at acquisition.
This acquisition brings Ensign's growing portfolio to 207 healthcare facilities, thirty-five of which are owned, sixteen hospice agencies, sixteen home health agencies, three home care businesses and seventeen urgent care clinics across 14 states. 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, urgent care services and other rehabilitative and healthcare services at 207 operations, sixteen hospice agencies, sixteen home health agencies, three home care businesses and seventeen urgent care clinics in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon, Wisconsin, Kansas and South Carolina. More information about Ensign is available at http://www.ensigngroup.net.