SAN JUAN CAPISTRANO, Calif., April 06, 2021 (GLOBE NEWSWIRE) — The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign™ group of companies, which invests in and provides skilled nursing care and residences for elderly services, physical therapy, occupational therapy and speech therapy and other rehabilitation and health care services, announced today that it has acquired the operations of the following skilled nursing facilities in Colorado:
Boulder Canyon Health and Rehabilitationa 140-bed skilled nursing facility located in Boulder, CO;
Berthoud Care and Rehabilitation, a 76-bed skilled nursing facility located in Burgdorf, CO; and
South Valley Post-Acute Rehabilitationa 106-bed skilled nursing facility located in Denver, CO.
These acquisitions took effect on April 1, 2021 and will be subject to a long-term triple net lease.
“We are excited to add these operations to our Colorado portfolio and look forward to the contribution they will make to the operations of our same stores in the state,” said Barry Port, president and CEO of Ensign.
Dave Jorgensen, President of Endura Healthcare, Inc., Ensign’s Colorado-based subsidiary, added, “Each of these operations is well positioned to become the operation of choice in their markets. We are excited to work with our healthcare partners as we strive to provide top-notch care to our patients and their families. »
This acquisition brings Ensign’s growing portfolio to 235 healthcare operations, 22 of which also include assisted living operations, in thirteen states. Ensign owns 94 real estate assets. Mr. Port reaffirmed that Ensign is actively seeking opportunities to acquire real estate and lease both skilled nursing, assisted living and other struggling and performing healthcare related businesses across the United States.
About Ensign™
The independently operating subsidiaries of Ensign Group, Inc. provide a wide range of skilled nursing and assisted living services, physiotherapy, occupational therapy and speech therapy and other rehabilitation and services at 235 healthcare facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin. 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.
