SAN JUAN CAPISTRANO, Calif. - The Ensign Group , Inc. (NASDAQ: NASDAQ:ENSG), a diversified provider of healthcare services, has announced the acquisition of three skilled nursing facilities across Kansas and Colorado. The transactions, which include the purchase of real estate and operations, were completed on March 1, 2024.
The newly acquired Atchison Senior Village Rehabilitation and Nursing Center in Kansas, with its 45 beds, is now part of Ensign's portfolio. The real estate was purchased by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company. Barry Port, CEO of Ensign, expressed enthusiasm about the addition to the Kansas market, citing strong leadership and potential for growth.
In a separate but simultaneous transaction, Ensign affiliates acquired Park Post Acute, a 135-bed facility in Parker, Colorado, and Oakwood Care and Rehabilitation, with 170 beds in Lakewood, Colorado. These acquisitions bring the company's total operations to 302 healthcare facilities, including 27 senior living operations, across 14 states. Ensign subsidiaries now own 114 real estate assets.
Port also stated that Ensign continues to actively seek opportunities to acquire and lease healthcare properties, targeting both high-performing and underperforming entities.
The Ensign Group's independent operating subsidiaries offer a variety of services, including skilled nursing, senior living, and various rehabilitative therapies. The company operates in multiple states, including Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin.
This expansion reflects Ensign's ongoing strategy to grow its portfolio within the healthcare industry. The company's statement indicates a commitment to enhancing the quality of care and services provided at the newly acquired facilities. The information for this article is based on a press release statement.
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