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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ensign Group Inc | NASDAQ:ENSG | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.75 | 2.32% | 121.24 | 119.58 | 123.28 | 121.42 | 117.69 | 118.63 | 444,575 | 00:58:49 |
“This acquisition represents a milestone in our organization, as it is the first acquisition of a long-term acute care hospital in our company’s history,” said Barry Port, Ensign's Chief Executive Officer. “We have been carefully reviewing this opportunity for some time and believe we have the leadership in place for a successful transition into a new line of business. We are extremely humbled and honored to have been chosen to continue the legacy of these well-respected operations,” he added.
“We are pleased to combine such a devoted and experienced team to our existing operational and clinical leaders in Utah and we are confident that they are poised to accomplish great things together at these operations,” said Steve Farnsworth, President of Milestone Healthcare LLC, Ensign’s Utah-based subsidiary. “We are excited to work together with our healthcare partners as we strive to provide top-notch care for our patients and their families.”
In separate transactions on the same day, Ensign announced that it acquired six other operations, three of which included real estate assets that were acquired by Standard Bearer. Each of these new facilities will be operated by an Ensign affiliated operator, including the following:
Also, on the same day, Ensign announced that its affiliates acquired the following operations, which will be subject to long-term, triple net leases:
All of these acquisitions are effective as of May 1, 2024 and bring Ensign's growing portfolio to 310 healthcare operations, 29 of which also include senior living operations, across fourteen states. Ensign subsidiaries, including Standard Bearer, own 119 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 310 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@ensigngroup.net
SOURCE: The Ensign Group, Inc.
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