The Ensign Group Acquires Skilled Nursing Facility in Iowa
02 8월 2024 - 7:00PM
The Ensign Group, Inc. (Nasdaq: ENSG), the parent company
of the EnsignTM group of companies, which invest in and
provide skilled nursing and senior living services, physical,
occupational and speech therapies, other rehabilitative and
healthcare services, and real estate, announced today that it
acquired the real estate and operations of Greater Southside Health
and Rehabilitation, an 76-bed skilled nursing facility located in
Des Moines, Iowa. The real estate was acquired by a subsidiary of
Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate
company, and the acquisition is effective as of August 1, 2024.
“We are thrilled to add this operation and
excited to continue our recent growth in Iowa,” said Barry Port,
Ensign's Chief Executive Officer. “This acquisition also provided
another great opportunity to add to Standard Bearer’s growing
portfolio in the Midwest,” he added.
Dave Jorgensen, President of Gateway Healthcare
LLC, Ensign’s Iowa-based subsidiary, added, “This operation is well
situated in Des Moines to become one of the leading operations in
the area. We are excited to work together with our new team as we
strive to provide elevated care for our patients and their
families.”
In separate transactions on the same day, Ensign
announced that it acquired Holly Heights Care and Rehabilitation, a
133-bed skilled nursing facility located in Denver, Colorado and
City Park Healthcare and Rehabilitation Center, a 125-bed skilled
nursing facility located in Denver, Colorado. One of the new
facilities will be subject to a long-term, triple net lease and the
other will be purchased by Standard Bearer and leased to an
Ensign-affiliated operator.
All of these acquisitions are effective as of
August 1, 2024 and bring Ensign's growing portfolio to 315
healthcare operations, 29 of which also include senior living
operations, across fourteen states. Ensign subsidiaries, including
Standard Bearer, own 122 real estate assets. Mr. Port reaffirmed
that Ensign is actively seeking opportunities to acquire real
estate and to lease both well-performing and struggling skilled
nursing, senior living and other healthcare related businesses
throughout the United States.
About
EnsignTM
The Ensign Group, Inc.'s independent operating
subsidiaries provide a broad spectrum of skilled nursing and senior
living services, physical, occupational and speech therapies and
other rehabilitative and healthcare services at 315 healthcare
facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas,
Nebraska, Nevada, South Carolina, Tennessee, 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@ensignservices.net
SOURCE: The Ensign Group, Inc.
Ensign (NASDAQ:ENSG)
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