The Ensign Group Acquires Skilled Nursing Facility in Kansas
04 Mars 2024 - 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 Atchison Senior Village
Rehabilitation and Nursing Center, a 45-bed skilled nursing
facility located in Atchison, Kansas. 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
March 1, 2024.
“We are thrilled to be adding this operation to
Kansas, a market where we have great leadership in place and are
poised for continued growth” 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 Gateway Healthcare,
LLC, Ensign’s Kansas-based subsidiary, added “We have respected
this facility from a distance for some time. We look forward to
adding our leadership and expertise to the caregivers at this
operation to provide top-notch care to the residents and their
families.”
In a separate transaction on the same day,
Ensign announced that its affiliates acquired the operations of
Park Post Acute, a 135-bed skilled nursing facility located in
Parker, Colorado and Oakwood Care and Rehabilitation, a 170-bed
skilled nursing facility located in Lakewood, Colorado.
These acquisitions bring Ensign's growing
portfolio to 302 healthcare operations, 27 of which also include
senior living operations, across fourteen states. Ensign
subsidiaries, including Standard Bearer, own 114 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 302 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@ensigngroup.net
SOURCE: The Ensign Group, Inc.
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