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The Ensign Group Grows in Washington; Adds Its First Operations in Alaska and Oregon
ENSGEnsign Group(ENSG) 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]