SAN JUAN CAPISTRANO, Calif., March 22, 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 has declared a quarterly cash dividend of $0.06 per share of Ensign common stock, payable on or before April 30, 2024, to shareholders of record as of ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Sc ...

SAN JUAN CAPISTRANO, Calif., March 11, 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 will participate in the Oppenheimer & Co. Inc. 34th Annual Healthcare Conference on Tuesday, March 12, 2024. Barry Port, Chief Executive Officer, Suzann ...

SAN JUAN CAPISTRANO, Calif., March 11, 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 will participate in the Oppenheimer & Co. Inc. 34th Annual Healthcare Conference on Tuesday, March 12, 2024. Barry Port, Chief Executive Officer, Suzan ...

Shares of The Ensign Group, Inc (ENSG) have jumped 30.8% in the past six months, outperforming the industry’s 13% increase. Based in San Juan Capistrano, CA, Ensign Group offers skilled nursing, senior living and rehabilitative services. It also owns real estate properties through the Standard Bearer unit. ENSG has a market cap of $7.1 billion.In the past six months, the company’s shares also outperformed the 9.8% and 11.6% growth in the Medical sector and the S&P 500 Index, respectively. Growing skilled se ...

The Ensign Group, Inc. (ENSG) recently purchased the operations of two skilled nursing facilities in Colorado and one such healthcare facility in Kansas. The three buyouts were effective since Mar 1, 2024, and the acquisitions in Colorado were subject to a long-term, triple-net master lease.The two skilled nursing facilities in Colorado are situated in Parker and Lakewood and are named Park Post Acute, and Oakwood Care and Rehabilitation. The facilities are equipped with 135 and 170 beds, respectively. Mean ...

SAN JUAN CAPISTRANO, Calif., March 04, 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 Park Post Acute, a 135-bed skilled nursing facility located in Parker, Colorado and Oakwood Care and Rehabilitation, a 170-be ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Sc ...

Shares of The Ensign Group, Inc. (ENSG) rose 4.7% since it reported fourth-quarter 2023 results on Feb 1, 2024. The quarterly results benefited on the back of higher skilled service revenues, an increase in skilled mix and improved occupancies. An impressive adjusted earnings per share (EPS) guidance for 2024 may have boosted investors’ sentiment about the stock. However, the upside was partly offset by a significant rise in overall expenses.ENSG reported a fourth-quarter 2023 adjusted EPS of $1.28, which b ...

Financial Data and Key Metrics Changes - Consolidated GAAP revenues and adjusted revenues for the year were both $3.73 billion, an increase of 23% [35] - GAAP diluted earnings per share was $3.65, and GAAP net income was $209.4 million [35] - Adjusted diluted earnings per share was $4.77, an increase of 15.2%, and adjusted net income was $273.5 million, an increase of 16% [61] - Cash and cash equivalents stood at $509.6 million, with cash flow from operations at $376.7 million [36] - The company achieved a lease adjusted net debt-to-EBITDA ratio of 1.98x [36] - The quarterly cash dividend was increased to $0.06 per share, marking the twenty-first consecutive annual dividend increase [37] Business Line Data and Key Metrics Changes - Same-store occupancy was 79.9%, growing by 240 basis points year-over-year and 40 basis points sequentially [7] - Managed care revenue and managed care census increased by 12.3% and 3.5%, respectively, over the prior year quarter [7] - Skilled mix days improved by 17%, driven by a 40% increase in managed care days [59] - The senior living section maintained 100% occupancy for all of 2023, with revenues growing by 13.4% over the prior year quarter [18] Market Data and Key Metrics Changes - The company is now operating in 14 states, with significant potential for growth in the remaining 36 states [31] - The pipeline for new deals remains strong, with over $1 billion available for future investments [15] Company Strategy and Development Direction - The company focuses on a locally driven healthcare model, emphasizing the importance of leadership quality in operations [13] - Plans to continue improving expense management and driving occupancy in recently acquired operations [10] - The company is committed to a disciplined acquisition strategy, only pursuing growth when the right leaders and pricing are in place [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future, citing strong clinical results and cultural values as key drivers [9] - The company anticipates continued organic growth potential within its existing portfolio and is optimistic about the upcoming year [10] - Management noted that many operators in the industry are struggling, presenting opportunities for acquisitions [32] Other Important Information - The company settled a litigation matter, allowing it to focus on its mission of providing high-quality healthcare services [38] - The company has over $593 million of available capacity on its line of credit, contributing to its liquidity for future growth [62] - CMS is reviewing comments for a federal minimum staffing rule, but the company does not expect it to impact operations in 2024 [63] Q&A Session Summary Question: Can you break down the top-line guidance and its drivers? - Management projected mid-single digits growth in same-store revenue, high-single digits in transitioning, and low-double digits in recently acquired operations [42] Question: What is the status of the California Medicaid rebasing process? - The state is undergoing a re-base program starting January 1, 2024, which is currently awaiting CMS approval [84] Question: How will the recent legal settlement impact future operations? - The recent settlement was unrelated to a new DOJ inquiry, which is a general audit and not expected to significantly impact operations [73]