The Ensign Group, Inc. (ENSG) announced that it has bought the operations of a nursing facility in Overland Park, KS. It has also acquired the operations of seven nursing facilities in Colorado. All these buyouts (with long-term, triple net leases) had an effective date of Sept. 1, 2024. The 102-bed unit in Kansas, named Prairie Ridge Health and Rehabilitation, boosts ENSG's footprint in the state. The acquisition comes at an opportune time, as the company is experiencing significant growth in the state ove ...

SAN JUAN CAPISTRANO, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- 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 operations of the following skilled nursing facilities in Colorado: Desert Willow Health and Rehabilitation Center, a 106-bed skilled nurs ...

Core Insights - The Ensign Group, Inc. has acquired multiple skilled nursing facilities in Kansas and Colorado, expanding its operations significantly in these states [1][3][4] - The acquisitions are part of Ensign's strategy to deepen its commitment to the healthcare market in Kansas City and enhance its portfolio across the United States [2][3][4] - As of September 1, 2024, Ensign's portfolio includes 323 healthcare operations across fourteen states, with ongoing efforts to acquire more real estate and healthcare businesses [4][5] Acquisition Details - Ensign acquired Prairie Ridge Health and Rehabilitation, a 102-bed facility in Overland Park, Kansas, effective September 1, 2024 [1] - In Colorado, Ensign acquired several facilities: Desert Willow (106 beds), Junction Creek (133 beds), Pelican Pointe (104 beds), Riverbend (100 beds), Broadview (100 beds), Westlake Lodge (107 beds), and Linden Place (110 beds), all effective September 1, 2024 [3][4] - All acquired facilities will operate under long-term triple net leases [1][3] Growth Strategy - The company is actively seeking opportunities to acquire both well-performing and struggling skilled nursing and senior living facilities across the United States [4] - Ensign's subsidiaries, including Standard Bearer, own 122 real estate assets, indicating a robust investment strategy in healthcare real estate [4]

Core Viewpoint - Ensign Group (ENSG) has shown strong stock performance, with a 7.6% increase over the past month and a 33.8% rise since the beginning of the year, outperforming both the Zacks Medical sector and the Zacks Medical - Nursing Homes industry [1][3] Financial Performance - Ensign Group has consistently exceeded earnings expectations, reporting an EPS of $1.32 against a consensus estimate of $1.29 in its last earnings report [2] - For the current fiscal year, the company is projected to achieve earnings of $5.44 per share on revenues of $4.22 billion, reflecting a 14.05% increase in EPS and a 13.06% increase in revenues [3] - The forecast for the next fiscal year indicates expected earnings of $5.99 per share on $4.62 billion in revenues, representing year-over-year changes of 10.11% and 9.51%, respectively [3] Valuation Metrics - Ensign Group's current valuation metrics show a trading multiple of 27.6X current fiscal year EPS estimates, aligning with the peer industry average [7] - On a trailing cash flow basis, the stock trades at 26.1X compared to a peer group average of 22.1X, and it has a PEG ratio of 1.84, indicating it is not among the top value stocks [7] Zacks Rank and Style Scores - The stock holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [8] - Ensign Group has a Value Score of B, with Growth and Momentum Scores of C and D, respectively, resulting in a combined VGM Score of B [6][8] - The recommendation suggests that stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are favorable, indicating potential for further gains for Ensign Group [9]

Shares of The Ensign Group, Inc. (ENSG) have gained 50.4% in the past year compared with the industry's 50.1% growth. The Medical sector and the S&P 500 composite index grew 11% and 27.2%, respectively, in the same time frame. With a market capitalization of $8.4 billion, the average volume of shares traded in the last three months was 0.4 million. An extensive healthcare network, acquisitions of healthcare facilities and a notable financial position continue to drive Ensign Group. An optimistic 2024 busine ...

Core Viewpoint - Fairfax Financial Holdings Limited has acquired additional shares of Ensign Energy Services Inc., increasing its ownership stake in the company to approximately 18.19% [1][2]. Group 1: Share Purchase Details - Fairfax acquired 271,100 common shares of Ensign at a price of C$2.4238 per share, totaling approximately C$657,092.18 [1]. - The recent purchase represents about 0.15% of Ensign's issued and outstanding common shares [2]. Group 2: Ownership and Future Intentions - Following the acquisition, Fairfax's total holdings in Ensign amount to 33,406,386 common shares, up from 33,135,286 shares prior to the purchase [2]. - The shares are acquired for investment purposes, and Fairfax may engage with Ensign's management regarding various transactions and may continue to trade or hold the securities based on market conditions and other factors [3]. Group 3: Regulatory Compliance - An early warning report will be filed by Fairfax in accordance with applicable securities laws, available on SEDAR+ [4]. - Fairfax operates primarily in property and casualty insurance and reinsurance, along with investment management through its subsidiaries [5].

Market Overview - The stock market is currently experiencing a rotation, with traders shifting capital from aggressive growth and technology sectors to seek safety in other areas, particularly healthcare [1] - Healthcare is benefiting from this shift as medical care demand remains consistent regardless of economic conditions, and the aging population in America is expected to increase healthcare spending over time [1] Valuation Concerns - Despite the long-term positive outlook for healthcare, valuations in the sector are becoming excessive, especially with the upcoming presidential election potentially leading to significant regulatory changes [2] Ensign Group (ENSG) - Ensign Group provides skilled nursing, senior living, and rehabilitative services, and has expanded its market presence beyond California [3] - The stock has increased over 40% in the past year, reaching more than 25 times forward earnings, which is considered high for skilled nursing stocks that typically trade at lower multiples due to various risks [4][5] Eli Lilly (LLY) - Eli Lilly is a major pharmaceutical company known for its cancer and immunology drugs, with recent success attributed to its weight-loss drugs, leading to a significant revenue increase from $25 billion in 2020 to an estimated $43 billion in 2024 [6][8] - The stock has surged approximately 70% in the past year and over 600% in the last five years, resulting in a valuation of 55 times forward earnings, which is viewed as unsustainable [8][9] McKesson (MCK) - McKesson is a leading drug distribution firm in the U.S., benefiting from the growth of GLP-1 drugs, but faces challenges due to potential regulatory changes aimed at lowering drug costs [10][11] - The stock has risen 45% in the past year, exceeding fair value estimates, with analysts suggesting a target price of $460 per share compared to its current price of $615 [12]

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SAN JUAN CAPISTRANO, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- 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 real estate and operations of Greater Southside Health and Rehabilitation, an 76-bed skilled nursing facility located in Des Moines, Iowa. ...

Core Insights - The Ensign Group, Inc. has acquired the operations of City Park Healthcare and Rehabilitation Center, a 125-bed skilled nursing facility in Denver, Colorado, effective August 1, 2024, under a long-term, triple net lease [1] - The company also announced the acquisition of Greater Southside Health and Rehabilitation, a 76-bed facility in Des Moines, Iowa, and Holly Heights Care and Rehabilitation, a 133-bed facility in Denver, Colorado, all effective August 1, 2024 [3] - Following these acquisitions, Ensign's portfolio expands to 315 healthcare operations across 14 states, with 29 of these also including senior living operations [4] Company Strategy - Ensign's CEO, Barry Port, expressed excitement about the growth in Colorado, highlighting the company's established clinical reputation over the past 15 years [2] - The company is actively seeking opportunities to acquire real estate and lease both well-performing and struggling skilled nursing and senior living facilities throughout the United States [4] - Ensign's subsidiaries, including Standard Bearer, currently own 122 real estate assets [4] Operational Overview - The Ensign Group operates a broad spectrum of skilled nursing and senior living services, as well as various rehabilitative and healthcare services across 315 facilities in multiple states [5]