The Ensign Group, Inc. (ENSG) recently purchased the real estate and operations of an Arizona-based 32-bed skilled nursing facility, Wellsprings of Gilbert. This acquisition was completed through a subsidiary of ENSG's captive real estate entity, Standard Bearer Healthcare REIT, Inc., and took effect on Jun 1, 2024. The buyout reflects the dual purpose of Ensign Group, which is to further solidify its presence in Arizona and bolster its Standard Bearer portfolio. The Standard Bearer segment, which represent ...

The Ensign Group, Inc., (949) 487-9500, ir@ensignservices.net These acquisitions bring Ensign's growing portfolio to 312 healthcare operations, 29 of which also include senior living operations, across fourteen states. Ensign subsidiaries, including Standard Bearer, own 120 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 througho ...

Core Insights - The Ensign Group, Inc. has acquired two skilled nursing facilities, expanding its operations in Colorado and Arizona, effective June 1, 2024 [1][3] - The acquisitions increase Ensign's portfolio to 312 healthcare operations across fourteen states, with a focus on skilled nursing and senior living services [4] Group 1: Acquisitions - Ensign acquired The Springs at St. Andrews Village, a 58-bed skilled nursing facility in Aurora, Colorado [1] - In a separate transaction, Ensign acquired Wellsprings of Gilbert, a 32-bed skilled nursing facility in Gilbert, Arizona, with real estate acquired by its subsidiary Standard Bearer Healthcare REIT, Inc. [3] Group 2: Growth Strategy - Ensign's CEO, Barry Port, expressed excitement about growth in Colorado, emphasizing the organization's commitment to setting standards in post-acute care [2] - The company is actively seeking opportunities to acquire both well-performing and struggling skilled nursing and senior living facilities across the United States [4] Group 3: Operational Overview - Ensign's subsidiaries, including Standard Bearer, own 120 real estate assets, supporting its healthcare operations [4] - The company provides a wide range of services, including skilled nursing, senior living, and various rehabilitative therapies across its 312 facilities [5]

Core Insights - The Ensign Group, Inc. has acquired the real estate and operations of Wellsprings of Gilbert, a 32-bed skilled nursing facility in Gilbert, Arizona, effective June 1, 2024 [1] - The company also acquired the operations at The Springs at St. Andrews Village, a 58-bed skilled nursing facility in Aurora, Colorado, on the same day [4] - These acquisitions expand Ensign's portfolio to 312 healthcare operations across fourteen states, including 29 that also provide senior living services [5] Company Strategy - Ensign's CEO, Barry Port, expressed enthusiasm about the Arizona acquisition, highlighting it as a valuable addition to Standard Bearer's portfolio [2] - The company is actively seeking further acquisition opportunities in skilled nursing, senior living, and other healthcare-related businesses throughout the United States [5] Operational Focus - Ensign aims to collaborate with local healthcare communities and caregivers to meet the clinical and social needs of residents [3] - The company operates a broad spectrum of healthcare services, including skilled nursing and various therapies, across its facilities [6]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1][8] Zacks Style Scores - Zacks Style Scores are indicators designed to help investors select stocks with the potential to outperform the market within 30 days, rated from A to F based on value, growth, and momentum [2][3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E, PEG, and Price/Sales [3] - The Growth Score emphasizes a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [3] - The Momentum Score assists investors in capitalizing on price trends by evaluating short-term price changes and earnings estimate revisions [4] - The VGM Score combines the three Style Scores to identify stocks with attractive value, strong growth forecasts, and promising momentum, serving as a useful indicator alongside the Zacks Rank [5] Zacks Rank - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6][7] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal return potential [9][10] Company Spotlight: Ensign Group (ENSG) - Ensign Group, founded in 1999 and based in San Juan Capistrano, CA, provides healthcare services in the post-acute care continuum and urgent care [11] - Currently rated 3 (Hold) by Zacks, ENSG has a VGM Score of B and a Growth Style Score of B, with a projected year-over-year earnings growth of 13% for the current fiscal year [11][12] - Recent analyst revisions have increased the earnings estimate for fiscal 2024 by $0.02 to $5.39 per share, with an average earnings surprise of 1.3%, making ENSG a notable option for growth investors [12]

The Ensign Group, Inc. (ENSG) is benefiting on the back of solid segmental contributions, acquisitions of healthcare facilities and a robust financial position. A positive business outlook for 2024 reinforces investors' confidence in the stock. Zacks Rank & Price Performance Ensign Group carries a Zacks Rank #3 (Hold), at present. The stock has gained 31.7% in the past year. Image Source: Zacks Investment Research Robust Growth Prospects The Zacks Consensus Estimate for Ensign Group's 2024 earnings is pegge ...

The Ensign Group Reports First Quarter 2024 Results Conference Call and Webcast scheduled for tomorrow, May 2, 2024 at 10:00 am PT SAN JUAN CAPISTRANO, California – May 1, 2024 – The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign group of companies, which provide post-acute healthcare services and invest in the long-term healthcare industry, primarily in skilled nursing and senior living facilities, announced operating results for the first quarter of 2024, reporting GAAP diluted earnin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to . Commission file number: 001-33757 _____________________________ THE ENSIGN GROUP, INC. (Exact Name of Registrant as Specified in It ...

SAN JUAN CAPISTRANO, Calif., May 01, 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 real estate and operations of South Davis Specialty Care a 95-bed skilled nursing operation, located in Bountiful, Utah and Western Peaks Spe ...

SAN JUAN CAPISTRANO, Calif., April 26, 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 expects to issue its first quarter 2024 financial results on Wednesday, May 1, 2024. Conference Call Ensign invites current and prospective investors t ...