The Ensign Group Acquires Skilled Nursing Facility in Kansas
October 06 2023 - 6:00AM
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 operations of Providence Place, a 45-bed skilled
nursing facility located in Kansas City, Kansas. Providence Place
is located on the campus of Providence Medical Center. The
acquisition was effective October 1, 2023 and will be subject to a
long-term, triple net lease.
“This acquisition created a perfect opportunity
for growth in Kansas, where we have been carefully reviewing
opportunities for some time,” said Barry Port, Ensign's Chief
Executive Officer. “We are thrilled to strengthen our relationship
with Providence Medical Center and Prime Healthcare,” he added.
Spencer Burton, President of Gateway Healthcare
LLC, Ensign’s Kansas-based subsidiary, added “This operation is
well situated to become the operation-of-choice in its market. We
are excited to work together with our healthcare partners as we
strive to provide top-notch care for our patients and families we
are honored to serve.”
This acquisition brings Ensign's growing
portfolio to 296 healthcare operations, 26 of which also include
senior living operations, across thirteen states. Ensign
subsidiaries, including Standard Bearer, 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 296 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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