Ensign Group(ENSG)

Search documents
The Ensign Group Purchases Two Facilities in Washington
GlobeNewswire News Room· 2025-04-02 10:00
Core Insights - The Ensign Group, Inc. has announced the acquisition of multiple healthcare facilities, expanding its portfolio in the skilled nursing and senior living sectors [1][2][4] Group 1: Acquisitions - Ensign acquired Emilie Court Assisted Living, a 60-unit facility in Spokane, Washington, and Mother Joseph Care Center, a 152-bed skilled nursing facility in Olympia, Washington, both under long-term triple net leases [1][2] - In a separate transaction, Ensign acquired Pacific Haven Subacute and Healthcare Center, a 99-bed skilled nursing facility in Garden Grove, California, with operations managed by an Ensign-affiliated tenant [2] - Additional acquisitions include Alamitos West Health and Rehabilitation, a 142-bed skilled nursing facility, and Katella Senior Living Community, a 68-unit facility, both located in Los Alamitos, California, also under long-term triple net leases [3] Group 2: Portfolio Expansion - As of April 1, 2025, Ensign's portfolio includes 343 healthcare operations, comprising 44 senior living operations across 17 states [4] - Ensign subsidiaries, including Standard Bearer, own a total of 143 real estate assets [4] - The company is actively seeking further acquisition opportunities in skilled nursing, senior living, and other healthcare-related businesses throughout the United States [4]
The Ensign Group Expands in California
Newsfilter· 2025-04-02 10:00
Core Insights - The Ensign Group, Inc. has acquired the real estate and operations of Pacific Haven Subacute and Healthcare Center, a 99-bed skilled nursing facility in Garden Grove, California, effective April 1, 2025 [1] - The acquisition is part of Ensign's strategy to expand its footprint in mature markets and enhance the portfolio of its subsidiary, Standard Bearer Healthcare REIT, Inc. [2] - In addition to Pacific Haven, Ensign also acquired the operations of Alamitos West Health and Rehabilitation, a 142-bed skilled nursing facility, and Katella Senior Living Community, a 68-unit senior living facility, both located in Los Alamitos, California [3] - Standard Bearer also acquired the real estate for Emilie Court Assisted Living, a 60-unit senior living facility in Spokane, Washington, and Mother Joseph Care Center, a 152-bed skilled nursing facility in Olympia, Washington, both under long-term triple-net leases [4] - These acquisitions increase Ensign's portfolio to 343 healthcare operations, including 44 senior living operations across 17 states, with 143 real estate assets owned by its subsidiaries [5] Company Strategy - Ensign is actively seeking opportunities to acquire real estate and lease both well-performing and struggling skilled nursing, senior living, and other healthcare-related businesses throughout the United States [5] - The company aims to continue the legacy of high-quality care at the newly acquired facilities, emphasizing the importance of clinical reputation and community partnerships [3]
The Ensign Group, Inc. Declares Quarterly Dividend of $0.0625 Per Share
Newsfilter· 2025-03-20 10:00
Core Points - The Ensign Group, Inc. has declared a quarterly cash dividend of $0.0625 per share, payable on or before April 30, 2025, to shareholders of record as of March 31, 2025 [1] - Ensign has been consistently paying dividends since 2002, indicating a stable financial performance [2] Company Overview - The Ensign Group, Inc. operates independent subsidiaries that provide a wide range of services including skilled nursing, senior living, physical, occupational, and speech therapies, as well as other rehabilitative and healthcare services [3] - The company operates 340 healthcare facilities across multiple states including Alabama, Alaska, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin [3]
UPDATE – The Ensign Group to Present at the 35th Annual Oppenheimer Healthcare MedTech & Services Conference on March 18, 2025
Newsfilter· 2025-03-11 10:00
Core Insights - The Ensign Group, Inc. will participate in the 35th Annual Oppenheimer Healthcare MedTech & Services Conference on March 18, 2025, where key executives will present on the company's operations and growth strategy [1][2]. Company Overview - The Ensign Group operates 340 healthcare facilities across 15 states, providing a wide range of services including skilled nursing, senior living, and various rehabilitative therapies [3].
UPDATE – The Ensign Group to Present at the 35th Annual Oppenheimer Healthcare MedTech & Services Conference on March 18, 2025
Globenewswire· 2025-03-11 10:00
Core Viewpoint - The Ensign Group, Inc. will participate in the 35th Annual Oppenheimer Healthcare MedTech & Services Conference on March 18, 2025, to discuss its operations and growth strategy [1][2]. Company Overview - The Ensign Group, Inc. operates independent subsidiaries that provide a wide range of services including skilled nursing, senior living, and various rehabilitative healthcare services across 340 facilities in multiple states [3]. Conference Details - Key executives including the CEO, CFO, and CIO will present at 11:20 a.m. Eastern Time on March 18, 2025, with a live webcast available for viewing [2]. - The webcast will be archived for 90 days after the live event [2]. Services Offered - The company offers skilled nursing, senior living services, physical, occupational, and speech therapies, along with other rehabilitative and healthcare services [3].
The Ensign Group to Present at the 35th Annual Oppenheimer Healthcare MedTech & Services Conference on March 18, 2025
Globenewswire· 2025-03-10 20:05
Core Insights - The Ensign Group, Inc. will participate in the 35th Annual Oppenheimer Healthcare MedTech & Services Conference on March 18, 2025, where key executives will discuss the company's operations and growth strategy [1][2]. Company Overview - The Ensign Group operates 340 healthcare facilities across 15 states, providing a wide range of services including skilled nursing, senior living, and various rehabilitative therapies [3].
Here's Why Ensign Group Can be a Smart Addition to Your Portfolio
ZACKS· 2025-03-10 18:10
Core Insights - The Ensign Group, Inc. (ENSG) is positioned to benefit from a growing aging population, increasing demand for rehabilitation services, strategic acquisitions, and strong cash generation capabilities, leading to a positive business outlook for 2025 [1] Financial Performance - Ensign Group currently holds a Zacks Rank 2 (Buy) and has seen its stock price increase by 4.4% over the past year, outperforming the industry growth of 0.6% [2] - The Zacks Consensus Estimate for ENSG's 2025 earnings is projected at $6.24 per share, reflecting a growth of 13.5%, while revenues are expected to reach $4.9 billion, indicating a rise of 14.3% from the previous year [4] - The earnings consensus for 2026 is $6.83 per share, showing an improvement of 9.5%, with revenues estimated at $5.3 billion, representing an 8.6% increase from 2025 [4] - The Zacks Consensus Estimate for 2025 earnings has been revised upward by 0.6% in the past week [6] - Ensign Group has consistently outperformed earnings estimates in the last four quarters, with an average surprise of 1.48% [7] Operational Efficiency - The return on equity for ENSG stands at 18.8%, significantly higher than the industry's negative return of 14.5%, indicating effective utilization of shareholders' funds [8] - Ensign Group's revenues have been bolstered by increased service revenues, particularly in skilled nursing, rehabilitation, and senior living facilities [10] Growth Drivers - The aging population in the U.S. is expected to sustain demand for Ensign Group's senior living services, while the need for effective rehabilitation solutions continues to drive growth in the Skilled Services segment [11] - Ensign Group's Standard Bearer division generates rental income through triple-net lease agreements, allowing the company to earn rental revenues while transferring property-related expenses to tenants [12] - The company's inorganic growth strategy involves acquiring healthcare facilities across various U.S. regions, enhancing its ability to deliver quality healthcare services [13] - Ensign Group's healthcare portfolio includes 340 operations across 17 states, with recent acquisitions expanding its footprint in Oregon, Alaska, Washington, and Arizona [14] Financial Stability - Ensign Group's strong financial position, characterized by sound cash reserves and adequate cash flow generation, supports ongoing business investments and shareholder rewards [15] - The operating cash flow for 2024 reached $347.2 million, and the total debt-to-total capital ratio improved to 7.3%, well below the industry average of 85.6% [16]
Ensign Group Expands Healthcare Portfolio With Key Acquisitions
ZACKS· 2025-03-04 18:55
Core Insights - Ensign Group, Inc. (ENSG) has made multiple acquisitions in the healthcare sector, including facilities in Oregon, Alaska, Washington, and Arizona, enhancing its operational footprint across these states [1][2][3][5]. Acquisitions Overview - The recent acquisitions include a healthcare campus in Oregon with 98 skilled nursing beds and 50 senior living units, a skilled nursing facility in Alaska with 146 beds, and a senior living facility in Alaska with 90 beds [2]. - In Washington, the South Hill Rehabilitation and Care Center has 113 beds, while the two facilities in Arizona, Citrus Heights Respiratory and Rehabilitation and Springdale Village Post Acute, have 204 and 122 beds respectively [3]. Strategic Benefits - These acquisitions enable Ensign Group to adopt a collaborative approach with caregivers, enhancing understanding of local community needs and improving health outcomes [4]. - The company's portfolio now includes 340 healthcare operations across 17 states, with 43 being senior living operations, positioning it well to capitalize on the aging U.S. population [5]. Revenue Growth Potential - The increase in skilled nursing facilities allows Ensign Group to cater to a larger patient base, which is expected to drive revenue growth in the Skilled Services segment, which saw a 13.9% year-over-year increase in 2024 [6]. Management Commitment - Ensign Group's management is focused on identifying opportunities for further acquisitions of real estate and healthcare-related businesses across the U.S., including both thriving and underperforming facilities [7]. Market Performance - Ensign Group's shares have increased by 3.4% over the past year, outperforming the industry average growth of 0.1%, and currently holds a Zacks Rank 2 (Buy) [8].
The Ensign Group Continues Growth in Arizona
Globenewswire· 2025-03-03 21:05
Core Insights - The Ensign Group, Inc. has acquired multiple skilled nursing and senior living facilities, expanding its operations in Arizona and other states [1][3][4] - The acquisitions include Citrus Heights Respiratory and Rehabilitation and Springdale Village Post Acute in Arizona, as well as facilities in Alaska, Oregon, and Washington [1][3] - Ensign's portfolio now consists of 340 healthcare operations across 17 states, with 140 real estate assets owned by its subsidiaries [4][5] Company Expansion - The acquisition of facilities in Arizona strengthens Ensign's presence in a key market, as stated by the CEO [2] - The company is actively seeking further acquisition opportunities in skilled nursing and senior living sectors across the United States [4] Operational Details - The newly acquired facilities will be operated by an Ensign affiliated operator, ensuring continuity in care and services [3] - Ensign's subsidiaries provide a wide range of healthcare services, including skilled nursing and rehabilitative therapies, across its facilities [5]
The Ensign Group Grows in Washington; Adds Its First Operations in Alaska and Oregon
Globenewswire· 2025-03-03 21:05
Core Insights - The Ensign Group, Inc. has announced the acquisition of skilled nursing and senior living facilities in Oregon and Alaska, expanding its footprint in these states [3][5] - The company acquired two skilled nursing facilities in Mesa, Arizona, further enhancing its portfolio [4][5] - Ensign's portfolio now includes 340 healthcare operations across 17 states, with a total of 140 real estate assets owned by its subsidiaries [5][6] Acquisition Details - The acquisition of facilities in Oregon includes Mt. Angel Health and Rehabilitation and Mt. Angel Orchard House, while in Alaska, it includes Polaris Extended Care and Horizon House [8] - The real estate and operations of the facilities were acquired by Standard Bearer Healthcare REIT, Inc., effective March 1, 2025 [2][4] - The Mesa, Arizona facilities acquired are Citrus Heights Respiratory and Rehabilitation (204 beds) and Springdale Village Post Acute (122 beds) [4] Strategic Growth - The CEO of Ensign expressed enthusiasm about entering new markets and emphasized the importance of these acquisitions for future growth [3] - Ensign is actively seeking additional acquisition opportunities in skilled nursing, senior living, and healthcare-related businesses across the United States [5] - The company aims to build clusters of operations in new states, enhancing its service capacity and community presence [4][5]