The Ensign Group Acquires Idaho and Utah Skilled Nursing Facilities
June 05 2017 - 9:24AM
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 real estate and operations of
three skilled nursing and one intermediate care facilities across
Idaho and Utah. The facilities include:
- Meadow View Nursing and Rehabilitation, a 112-bed skilled
nursing facility in Nampa, Idaho;
- Utah Valley Healthcare and Rehabilitation, a 99-bed skilled
nursing facility in Provo, Utah;
- Heritage Park Healthcare and Rehabilitation, a 115-bed skilled
nursing facility in Roy, Utah; and
- Wide Horizons Intermediate Care Facility, an 83-bed
intermediate care facility for individuals with intellectual
disability in Ogden, Utah.
The acquisitions occurred across multiple
closings with effective dates of May 1, 2017 (for Meadow View and
Utah Valley), and June 1, 2017 (for Heritage Park and Wide
Horizons). The average occupancy rate at the time of acquisition
was 82%.
“We are excited to work together with the
incredible team of caregivers to enrich the lives of the residents
and their families at each of these operations,” said Christopher
Christensen, Ensign's President and Chief Executive Officer.
“We are anxious to continue the process of overcoming challenges of
the past, and we are encouraged with the progress we have already
made during our first 30 days in Nampa. With a solid
team in place at each new operation, we look forward to being a
top-notch post-acute care partner to the local healthcare
community,” he added.
Spencer Burton, president of one of Ensign’s
Utah-based portfolio companies, said, "These new operations will
mesh well with our existing footprint in nearby geographies.” Mr.
Burton added, “The operations in Roy and Ogden serve a unique
population and will be a very nice complement to the services
already offered by our other operations in the area.”
Mr. Burton also noted that Utah Valley
Healthcare and Rehabilitation would not continue to operate as a
skilled nursing facility in the future. He added, “We have
been working with patients and their families, as well as
caregivers, to provide them with many excellent options to continue
receiving or providing care at a nearby healthcare facility.
We are pleased that so far most have chosen to relocate to other
Ensign-affiliated operations, two of which are just a few short
miles away.” He also said Ensign is currently in the process
of evaluating its options for the future of the Utah Valley
operation.
These acquisitions bring Ensign's growing
portfolio to 216 healthcare facilities, twenty hospice agencies,
eighteen 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 216 healthcare
facilities, twenty hospice agencies, eighteen 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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