Home Nurse Facilities Ensign Group acquires two skilled nursing facilities

Ensign Group acquires two skilled nursing facilities

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SAN JUAN CAPISTRANO, Calif., Oct. 03, 2022 (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 services Life, Physiotherapy, Occupational and Speech Therapy, Other Rehabilitation and Health Care Services, and Real Estate, today announced the acquisition of the business of Oak Harbor Health Carea 132-bed skilled nursing facility located in Mount Pleasant, South Carolina, and Oak View Health and Rehabilitation, a 190-bed skilled nursing facility located in Conway, South Carolina. The acquisition took effect on October 1, 2022.

“We are excited to expand our South Carolina market,” said Barry Port, Ensign’s president and CEO. “For years we have carefully considered opportunities in and around South Carolina to add to our existing operations there and believe these two facilities are a great fit,” he added.

Adam Willits, President of Hopewell Healthcare LLC, Ensign’s South Carolina-based subsidiary, added, “These facilities represented an excellent geographic and strategic fit in South Carolina. We look forward to adding our experience to the exceptional team of caregivers at these facilities to enhance the care provided to residents.

In a separate transaction the same day, Ensign announced that Standard Bearer had also acquired the real estate and operations of Fountain Hills Post Higha 64-bed skilled nursing facility located in Fountain Hills, Arizona.

Also on the same day, Ensign announced that its subsidiaries had entered into new long-term leases on six new operations in Texas, including the following:

  • the operations of Brodie Ranch Nursing and Rehabilitationa 120-bed skilled nursing facility located in Austin, Texas, Onion Creek Nursing and Rehabilitation Centera 125-bed skilled nursing facility located in Austin, Texas, Riverside Nursing and Rehabilitation Center, a 122-bed skilled nursing facility in Austin, Texas, West Oaks Nursing and Rehabilitation Centera 125-bed skilled nursing facility in Austin, Texas, Lakeside Nursing and Rehabilitation Centera 118-bed skilled nursing facility in San Antonio, Texas, and Mystic Park Nursing and Rehabilitation Centera 119-bed skilled nursing facility in San Antonio, Texas.

All of these acquisitions also became effective October 1, 2022 and bring Ensign’s growing portfolio to 268 healthcare operations, 26 of which also include senior living operations, across thirteen states. Ensign subsidiaries, including Standard Bearer, now own 107 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 successful healthcare related businesses across the United States.

About the brand

Independent operating subsidiaries of Ensign Group, Inc. provide a wide range of skilled nursing and senior living services, physical therapy, occupational therapy and speech therapy and other rehabilitation and care services across 268 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.