The Ensign Group Acquires Two Skilled Nursing Facilities in South Carolina
05 Septembre 2023 - 12:00PM
The Ensign Group, Inc. (Nasdaq: ENSG), the parent company
of the Ensign™ 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 operations of
Ashley River Healthcare, a 125-bed skilled nursing facility located
in Charleston, South Carolina, and The Reserve Healthcare and
Rehabilitation, a 135-bed skilled nursing facility located in
Hanahan, South Carolina. These acquisitions were effective
September 1, 2023 and will be subject to a long-term, triple net
lease.
“We are very excited for our continued growth in
South Carolina,” said Barry Port, Ensign's Chief Executive Officer.
“These buildings present a great geographical and strategic fit
within this particular market,” he added.
Adam Willits, President of Hopewell Healthcare
LLC, Ensign’s South Carolina-based subsidiary, added “We can’t wait
to work with the wonderful caregivers at each of these facilities
as we seek to meet and exceed the clinical, emotional and social
needs of the residents and families we are honored to serve.”
These acquisitions bring Ensign's growing
portfolio to 295 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 Ensign™
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 295 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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