The Ensign Group Acquires Nevada Assisted Living Facility
MISSION VIEJO, Calif., March 23, 2017 (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 Desert View Senior Living, a 100-unit assisted living and memory care facility in Las Vegas, Nevada, subject to a long-term lease. The acquisition was effective March 17, 2017.
"We are proud to take on the responsibility of caring for and improving the lives of current and future residents of Desert View," said Christopher Christensen, Ensign's President and Chief Executive Officer. "The facility experienced a period of uncertainty prior to our acquisition, but our team is working tirelessly to exceed the expectations of Desert View's staff and its residents and their families. The response from the community so far has been amazing," he added.
"It is important now more than ever to focus on serving the needs of this community, and we feel no one is in a better position to do that than our leaders and caregivers," said John Gurrieri, President of Bridgestone Living LLC, Ensign's seniors housing subsidiary. He added that Desert View had an
occupancy rate of approximately 45% at acquisition.
This acquisition brings Ensign's growing portfolio to 212 healthcare facilities, twenty hospice agencies, seventeen home health agencies and three home care businesses across fourteen 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 and other rehabilitative and healthcare services at 212 healthcare facilities, twenty 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.
The Ensign Group, Inc., (949) 487-9500, firstname.lastname@example.org
Source: The Ensign Group, Inc.
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