The Ensign Group Acquires Nevada Assisted Living Facility
March 23 2017 - 9:00AM
The Ensign Group, Inc. (NASDAQ:ENSG), the parent company of the
Ensign™ group of skilled nursing, rehabilitative care services,
home health care, hospice care and assisted living companies,
announced today that it acquired the operations of Desert View
Senior Living, a 100-unit assisted living and memory care facility
in Las Vegas, Nevada, subject to a long-term lease. The
acquisition was effective March 17, 2017.
“We are proud to take on the responsibility of
caring for and improving the lives of current and future residents
of Desert View,” said Christopher Christensen, Ensign's President
and Chief Executive Officer. “The facility experienced a
period of uncertainty prior to our acquisition, but our team is
working tirelessly to exceed the expectations of Desert View’s
staff and its residents and their families. The response from the
community so far has been amazing,” he added.
"It is important now more than ever to focus on
serving the needs of this community, and we feel no one is in a
better position to do that than our leaders and caregivers,” said
John Gurrieri, President of Bridgestone Living LLC, Ensign’s
seniors housing subsidiary. He added that Desert View had an
occupancy rate of approximately 45% at acquisition.
This acquisition brings Ensign's growing
portfolio to 212 healthcare facilities, twenty hospice agencies,
seventeen home health agencies and three home care businesses
across fourteen states. Mr. Christensen reaffirmed that the
organization is actively seeking opportunities to acquire real
estate and to lease both well-performing and struggling skilled
nursing, assisted 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 assisted living services, physical, occupational and speech
therapies, home health and hospice services and other
rehabilitative and healthcare services at 212 healthcare
facilities, twenty hospice agencies, seventeen home health agencies
and three home care businesses in California, Arizona, Texas,
Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon,
Wisconsin, Kansas and South Carolina. More information about Ensign
is available at http://www.ensigngroup.net.
Contact Information
The Ensign Group, Inc., (949) 487-9500, ir@ensigngroup.net
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