SAN JUAN CAPISTRANO, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) — The Ensign Group, Inc. (Nasdaq: ENSG), the guardian firm of the Ensign™ group of firms, which make investments in and supply expert nursing and senior dwelling companies, bodily, occupational and speech therapies, different rehabilitative and healthcare companies, and actual property, introduced right now that it acquired the operations of the next expert nursing services in Texas:
- Brodie Ranch Nursing and Rehabilitation, a 120-bed expert nursing facility situated in Austin, Texas;
- Onion Creek Nursing and Rehabilitation Center, a 125-bed expert nursing facility situated in Austin, Texas;
- Riverside Nursing and Rehabilitation Center, a 122-bed expert nursing facility in Austin, Texas;
- West Oaks Nursing and Rehabilitation Center, a 125-bed expert nursing facility in Austin, Texas;
- Lakeside Nursing and Rehabilitation Center, a 118-bed expert nursing facility in San Antonio, Texas; and
- Mystic Park Nursing and Rehabilitation Center, a 119-bed expert nursing facility in San Antonio, Texas.
The acquisitions have been efficient October 1, 2022. Each of those acquisitions might be topic to a long-term, triple internet lease.
“These acquisitions are a perfect fit in our Austin and San Antonio markets and are facilities we’ve had our eye on for some time,” stated Barry Port, Ensign’s Chief Executive Officer. “Our experienced leaders are prepared to provide top-notch care to the residents and their families at each of these facilities,” he added.
“We look forward to welcoming these facilities and partnering with our local markets and clusters to enhance the level of care provided at these facilities,” added Andy Ashton, President of Keystone Care LLC, Ensign’s Texas-based portfolio subsidiary.
In a separate transactions on the identical day, Ensign introduced that Standard Bearer additionally acquired the actual property and operations of Fountain Hills Post Acute, a 64-bed expert nursing facility situated in Fountain Hills, Arizona.
Also, on the identical day, Ensign introduced that its associates entered into new long-term leases on two new operations, which embrace Oak Harbor Healthcare, a 132-bed expert nursing facility situated in Mount Pleasant, South Carolina, and Oak View Health and Rehabilitation, a 190-bed expert nursing facility situated in Conway, South Carolina.
All of those acquisitions have been additionally efficient October 1, 2022 and produce Ensign’s rising portfolio to 268 healthcare operations, 26 of which additionally embrace senior dwelling operations, throughout 13 states. Ensign subsidiaries, together with Standard Bearer, now owns 107 actual property belongings.
Mr. Port reaffirmed that Ensign is actively looking for alternatives to amass actual property and to lease each well-performing and struggling expert nursing, senior dwelling and different healthcare associated companies all through the United States.
About Ensign™
The Ensign Group, Inc.’s impartial working subsidiaries present a broad spectrum of expert nursing and senior dwelling companies, bodily, occupational and speech therapies and different rehabilitative and healthcare companies at 268 healthcare services, in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin. More details about Ensign is obtainable at http://www.ensigngroup.net.
Contact Information
The Ensign Group, Inc., (949) 487-9500, [email protected]
SOURCE: The Ensign Group, Inc.
