Document


 
 
 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 19, 2018
The Ensign Group, Inc.
(Exact name of registrant as specified in its charter)
 
 
 
 
 
Delaware
 
001-33757
 
33-0861263
 
 
 
 
 
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
 
27101 Puerta Real, Suite 450,
Mission Viejo, CA
 
 
92691
 
 
 
(Address of principal executive offices)
 
(Zip Code)
Registrant's telephone number, including area code: (949) 487-9500
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
 
 
 
 
 






Item 8.01. Other Events.

On June 19, 2018, The Ensign Group, Inc. (the Company) issued a press release announcing that a wholly-owned subsidiary acquired an office building located in San Juan Capistrano, California. The acquisition was effective June 13, 2018. A copy of the Company's press release announcing the acquisition of an office building is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.





Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
 
 
 
Exhibit No.
 
Description
 
 
 
 
Press Release issued on June 19, 2018 by The Ensign Group, Inc. announcing the acquisition of an office building.






SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
Dated: June 19, 2018
THE ENSIGN GROUP, INC.
 
 
By:  
/s/ Suzanne D. Snapper  
 
 
 
Suzanne D. Snapper 
 
 
 
Chief Financial Officer 
 
 






EXHIBIT INDEX
 
 
 
Exhibit No.
 
Description
 
 
 
 
Press Release issued on June 19, 2018 by The Ensign Group, Inc. announcing the acquisition of an office building.




Exhibit


        http://api.tenkwizard.com/cgi/image?quest=1&rid=23&ipage=12320003&doc=3

The Ensign Group Acquires Office Building in Orange County, California

MISSION VIEJO, Calif., June 19, 2018 - 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 a wholly-owned subsidiary acquired an office building located in San Juan Capistrano, California. The acquisition was effective June 13, 2018.
“We are thrilled to announce that we have purchased office space in nearby San Juan Capistrano to accommodate our growing Service Center team,” said Christopher Christensen, Ensign's President and Chief Executive Officer. “With our existing lease in Mission Viejo set to expire in 2019, we diligently reviewed current market conditions as well as the Service Center’s short- and long-term real estate needs. After considering dozens of possibilities over the last 18 months, we determined that owning the Service Center made the most sense financially and operationally,” he added.
Christensen also announced that the property consists of approximately 115,517 square feet of usable office space, and that the buildings are currently 92% occupied by third-party tenants. The Company closed with cash drawn from its revolver and is currently working on favorable long-term, fixed-rate financing options that it expects to complete in the third quarter.
"We carefully selected this space based on the attractive and convenient location for our current and future team members as well as our third-party tenants. With this ownership, we not only expect to save millions of dollars in future rental increases for decades to come, but we are most excited about the ability this will give us to continue to attract and retain the best and brightest Service Center leaders,” he added.
The Company anticipates entering into a lease with its wholly-owned subsidiary, Ensign Services, Inc. (“Ensign Services”), and expects Ensign Services to occupy a portion of the space upon termination of its existing office leases in 2019. Ensign also expects to continue favorable third-party leasing arrangements for any space not occupied by Ensign Services.
Ensign's growing portfolio consists of 184 skilled nursing operations, 22 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 and one office building across fifteen states. Ensign owns the real estate at 67 of its 235 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.

About EnsignTM 

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 235 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.


Contact Information

The Ensign Group, Inc., (949) 487-9500, ir@ensigngroup.net.

SOURCE: The Ensign Group, Inc.