MISSION VIEJO, Calif., Nov 20, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of skilled nursing and rehabilitative care services companies, today announced that the underwriters in Ensign's recent initial public offering have exercised their over-allotment option in full and purchased 600,000 shares of common stock from the selling stockholders at the initial public offering price of $16.00 per share, less the applicable underwriting discount. The exercise of the over-allotment option brings the total shares sold in the offering to 4,600,000.
D.A. Davidson & Co. was the sole book-running manager and Stifel, Nicolaus & Company, Incorporated was the co-manager for this offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 8, 2007, and the public offering is being made only by means of
a written prospectus. A copy of the final prospectus relating to the offering may be obtained by contacting D.A. Davidson & Co., Attention: Prospectus Department, 8 Third Street North, Great Falls, MT 59401 or by telephone at (406) 791-7319.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement.
About The Ensign Group, Inc.
The Ensign Group, Inc. is a holding company whose assets include 61 separate skilled nursing and assisted living facilities in California, Arizona,
Texas, Washington, Utah and Idaho. These facilities provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, and other rehabilitative and healthcare services, for both long-term residents and short-stay rehabilitation patients.