The Ensign Group Announces Another Acquisition in Colorado
02 Août 2023 - 12:00PM
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 Rehabilitation and
Nursing Center of the Rockies, a 96-bed skilled nursing facility
located in Fort Collins, Colorado. The real estate was acquired by
a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s
captive real estate company, and the acquisition was effective
August 1, 2023.
“We are thrilled to be adding this operation to
Colorado, a market where we have seen steady and positive growth
over the past couple of years,” said Barry Port, Ensign's Chief
Executive Officer. “This acquisition also provided another great
opportunity to add to Standard Bearer’s growing portfolio,” he
added.
Dave Jorgensen, President of Endura Healthcare,
LLC, Ensign’s Colorado-based subsidiary, added “We have respected
this facility from a distance for some time and are very excited to
now be able to add our leadership and expertise to the caregivers
at this operation. We look forward to working together with this
new team to provide the excellent care to the residents and their
families.”
In separate transactions on the same day, Ensign
announced that it acquired the real estate and operations of
Belmont Terrace, a 95-bed skilled nursing facility located in
Bremerton, Washington and Puget Sound Transitional Care, a 125-bed
skilled nursing facility located in Des Moines, Washington. The
company also announced that it acquired the real estate of a
post-acute care retirement campus known as Avamere Rehabilitation
at Ridgemont and The Villas at Ridgemont, consisting of 96 licensed
skilled nursing beds and 46 independent living units, located in
Port Orchard, Washington, which will be operated by an affiliate of
Avamere Group, LLC, subject to a long-term, triple net lease with
Standard Bearer.
All of these acquisitions were also effective
August 1, 2023 and brings Ensign's growing portfolio to 293
healthcare operations, 26 of which also include senior living
operations, across thirteen states. Ensign subsidiaries, including
Standard Bearer, now own 112 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 293 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.
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