SAN JUAN CAPISTRANO, Calif., October 04, 2021 (GLOBE NEWSWIRE) – The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign â¢ group of companies, which invests in and provides skilled nursing and nursing services. life, physiotherapy, occupational therapy and speech-language pathology and other health and rehabilitation services, today announced the acquisition of the operations of the following qualified nursing facilities in Texas and Idaho:
- River Pointe de Trinity Health and Rehabilitation Center, a 98-bed skilled nursing facility located in Trinity, Texas;
- Park Village Health and rehabilitation, a 150-bed specialty nursing facility located in De Soto, Texas; and
- Skyline Transitional Care Center, an 80-bed skilled nursing facility located in Boise, Idaho.
The acquisitions came into effect on October 1, 2021 and will be subject to a long-term triple net lease.
âThese opportunistic acquisitions further strengthen our growing presence in Texas and Idaho,â said Barry Port, CEO of Ensign. âThese acquisitions fit very well into our existing operations from a cultural and geographic perspective,â he added.
Kevin Niccum, President of Keystone Care LLC, the Texas-based subsidiary of Ensign, added, âWe are delighted to be working with the wonderful caregivers at each of these facilities to improve the quality of care provided to every resident and to his family. “
âWe couldn’t be happier to add the Skyline Transitional Care Center, which has a large number of caregivers who genuinely care about the residents and the families they serve,â said Stephen Farnsworth, president of Idaho-Nevada Market. ‘Ensign.
The acquisition brings Ensign’s growing portfolio to 245 healthcare facilities, 22 of which also include senior living facilities, in thirteen states. Ensign owns 95 real estate assets. Mr Port reiterated that Ensign is actively seeking opportunities to acquire real estate and lease both skilled, high performing and distressed nursing, senior citizen residences and other healthcare related businesses in across the United States.
About Ensign â¢
The independent operating subsidiaries of Ensign Group, Inc. provide a wide range of nursing and residential care services for the elderly, physical, occupational and speech therapy, and other rehabilitation and health care services in 245 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.
The Ensign Group, Inc., (949) 487-9500, firstname.lastname@example.org
SOURCE: The Ensign Group, Inc.