The Ensign Group Completes Sale of its Urgent Care Assets
MISSION VIEJO, Calif., Dec. 14, 2016 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq:ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, hospice care and assisted living companies, today announced that its urgent care subsidiary, Immediate Clinic Seattle, Inc., completed the sale of all of its assets relating to its 14 urgent care operations in the greater Seattle market. The buyer, MultiCare Health System, is a not-for-profit health care organization with a comprehensive network including 15 Urgent Care Centers in the Puget Sound region as well as 11
RediClinics located inside select Rite Aid stores and has added Immediate Clinic as part of its urgent care growth strategy.
"We are very proud of what our Immediate Clinic team has accomplished and are very pleased with the value that has been created and realized in this sale," said Christopher Christensen, Ensign's President and Chief Executive Officer. Michael Dalton, President and CEO of Immediate Clinic, added that, "We are excited to pass the torch to MultiCare and are confident that they will be able to combine their resources with our amazing team of leaders and caregivers to make these state-of-the-art urgent care clinics even better."
The asset sale was effective on December 11, 2016 and includes 14 clinics in the greater Seattle, Washington area, as well as two additional locations that are currently under development. The sale of
Immediate Clinic, together with the sale of Integrity Urgent Care in Colorado earlier this year, represents all of the Ensign-affiliated urgent care operations.
About Ensign ™
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 209 healthcare facilities, eighteen hospice agencies, seventeen home health agencies and three home care businesses 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.
About MultiCare Health System
MultiCare Health System is a not-for-profit health care organization with more than 10,000 employees and a comprehensive network including Allenmore Hospital, Auburn Medical Center, Good Samaritan Hospital, Mary Bridge Children's Hospital, Tacoma General Hospital, MultiCare Medical Associates, affiliated physicians, as well as numerous primary care, specialty and urgent care clinics and community outreach services.
The Ensign Group, Inc., (949) 487-9500, firstname.lastname@example.org
Source: The Ensign Group, Inc.
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