The Ensign Group Acquires Skilled Nursing Facility in Arizona
June 04 2024 - 6:00AM
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 real estate
and operations of Wellsprings of Gilbert, a 32-bed skilled nursing
facility located in Gilbert, Arizona. 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 as
of June 1, 2024.
“We are thrilled to be adding this operation in
Arizona” 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.
"We look forward to working together with the
local healthcare communities and an outstanding team of caregivers
as we strive to exceed the clinical and social needs of each
resident we are honored to serve," said Forrest Peterson, President
of Bandera Healthcare LLC, Ensign’s Arizona-based subsidiary.
In a separate transaction on the same day,
Ensign announced that it acquired the operations at The Springs at
St. Andrews Village, a 58-bed skilled nursing facility located in
Aurora, Colorado. This new facility will be operated by an Ensign
affiliated operator.
These acquisitions bring Ensign's growing
portfolio to 312 healthcare operations, 29 of which also include
senior living operations, across fourteen states. Ensign
subsidiaries, including Standard Bearer, own 120 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 312 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@ensignservices.net
SOURCE: The Ensign Group, Inc.
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