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The Ensign Group Adds Operation in Alabama
Globenewswire· 2025-11-03 11:00
Core Insights - The Ensign Group, Inc. has acquired The Health Center of Eastview, a 90-bed skilled nursing facility in Birmingham, Alabama, effective November 1, 2025, which is under a long-term, triple net lease with a third-party landlord [1] - In a separate transaction on the same day, Ensign acquired the real estate and operations of seven skilled nursing facilities in Utah, expanding its portfolio significantly [3] - These acquisitions increase Ensign's total healthcare operations to 369 across 17 states, including 47 senior living operations, with 155 real estate assets owned by its subsidiaries [4] Company Expansion - The CEO of Ensign expressed enthusiasm about expanding in the Alabama market and building on recent growth in the Southeast [2] - The President of Southstone Healthcare LLC, an Ensign subsidiary, highlighted the commitment to providing high-quality care at the newly acquired facility [3] Strategic Focus - Ensign is actively seeking further acquisition opportunities in real estate and healthcare-related businesses, targeting both well-performing and struggling skilled nursing and senior living facilities across the United States [4]
The Ensign Group Expands in Utah
Globenewswire· 2025-11-03 11:00
Core Insights - The Ensign Group, Inc. has acquired the real estate and operations of seven skilled nursing facilities in Utah, enhancing its portfolio and market presence in the state [1][2] - The acquisition includes properties that are newer constructions, which align well with Ensign's existing operations and introduce new markets [2] - In addition to the Utah facilities, Ensign also acquired the operations of a 90-bed skilled nursing facility in Birmingham, Alabama, which will be operated under a long-term triple net lease [3] Company Expansion - Following these acquisitions, Ensign's portfolio now consists of 369 healthcare operations, including 47 senior living operations across 17 states [4] - Ensign subsidiaries, including Standard Bearer, own a total of 155 real estate assets [4] - The company is actively pursuing further acquisition opportunities in skilled nursing, senior living, and other healthcare-related businesses throughout the United States [4] Operational Strategy - Ensign's CEO expressed confidence in the integration of the new facilities, emphasizing the potential for collaboration with existing staff and caregivers to enhance service quality [2][3] - The company aims to leverage its resources and expertise to provide high-quality services to the communities served by the newly acquired facilities [3]
Yatharth to acquire Shantived Hospital in Agra, India
Yahoo Finance· 2025-09-16 10:00
Core Insights - Yatharth Hospital & Trauma Care Services has signed an agreement to acquire Shantived Hospital in Agra for Rs2.6 billion ($29 million) in an all-cash transaction, leading to a 3.86% increase in the company's shares [1][2] - The acquisition aligns with Yatharth's strategy to capitalize on the growing demand for healthcare in Tier-II cities like Agra, enhancing its network to eight hospitals with over 2,500 beds [2][3] Financial Performance - Shantived Hospital reported revenues of approximately Rs500 million in FY2025, with a current occupancy rate of 35% [2] - The facility, which covers around 165,000 square feet, was inaugurated in February 2021 and is NABH-accredited, making it eligible for government health schemes and insurance [2] Strategic Importance - The acquisition strengthens Yatharth's presence in Uttar Pradesh and positions it as a leader in integrated healthcare in North India [3] - The new facility aims to serve a large population in Agra, which has been underserved in terms of advanced super-specialty care, and will also facilitate patient referrals for oncology and organ transplants to Yatharth's established hospitals in the NCR region [4]
The Ensign Group Grows in Iowa
Globenewswire· 2025-08-04 10:00
Core Insights - The Ensign Group, Inc. has acquired multiple skilled nursing and assisted living facilities, expanding its portfolio significantly in Iowa and California [1][3][5]. Group 1: Acquisitions - Ensign acquired Crystal Heights Care Center, a 72-bed skilled nursing facility in Oskaloosa, Iowa, effective August 1, 2025 [1]. - In California, Ensign acquired the operations of five skilled nursing facilities and three assisted living facilities, adding over 1,200 operational beds/units to its portfolio [3]. - Additionally, Ensign acquired Pine Crest Health and Memory Care, a 120-bed skilled nursing facility in Merrill, Wisconsin, on the same day [4]. Group 2: Portfolio Expansion - Following these acquisitions, Ensign's portfolio now includes 361 healthcare operations across 17 states, with 47 of those being senior living operations [5]. - Ensign subsidiaries, including Standard Bearer, own a total of 148 real estate assets [5]. Group 3: Strategic Intent - The CEO of Ensign expressed enthusiasm about the growth in Iowa and indicated that the company is actively seeking further acquisition opportunities in skilled nursing and senior living sectors across the United States [2][5].
The Ensign Group Continues Growth in Idaho
Globenewswire· 2025-07-02 10:00
Core Insights - The Ensign Group, Inc. has acquired Timber Springs Transitional Care, a 120-bed skilled nursing facility in Boise, Idaho, through its subsidiary Standard Bearer Healthcare REIT, Inc. [1] - The acquisition is part of Ensign's strategy to expand its operations and real estate presence in the northwest region of the United States [2] - In a separate transaction, Standard Bearer also acquired the real estate of Duncanville Healthcare and Rehabilitation Center, a 124-bed skilled nursing facility in Duncanville, Texas, which will be operated by a third-party under a long-term triple-net lease [3] Company Growth - As of July 1, 2025, Ensign's portfolio has grown to 348 healthcare operations, including 44 senior living operations across 17 states [4] - Ensign subsidiaries, including Standard Bearer, own a total of 146 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] Operational Strategy - The CEO of Ensign emphasized the importance of these acquisitions in enhancing the company's operational capabilities and real estate footprint [2] - The President of Pennant Healthcare LLC expressed confidence in the local leadership's ability to provide exceptional service at the newly acquired facility [3] - The acquisitions reflect Ensign's ongoing growth strategy and commitment to expanding its healthcare services [4]
Aveanna Healthcare Holdings Completes Acquisition of Thrive Skilled Pediatric Care
Globenewswire· 2025-06-04 11:30
Core Viewpoint - Aveanna Healthcare Holdings Inc. has completed the acquisition of Thrive Skilled Pediatric Care, enhancing its position in the pediatric home care market and expanding its service offerings into new states [1][2][3]. Company Overview - Aveanna Healthcare is a diversified home care platform providing services to medically complex, high-cost patient populations, with a presence in 36 states [7]. - The company offers a wide range of healthcare services, including nursing, rehabilitation, therapy, and case management, aimed at providing high-quality, lower-cost alternatives to prolonged hospitalization [7]. Acquisition Details - Thrive SPC is one of the largest independent providers of pediatric home care, operating 23 locations across seven states [2]. - The acquisition is expected to create significant growth opportunities for Aveanna, reinforcing its commitment to clinical excellence and compassionate care [3]. - The deal was financed through a combination of common stock and cash [3]. Strategic Implications - The integration of Thrive SPC is anticipated to enhance Aveanna's existing footprint and introduce its specialized care model into two new states [2][3]. - The acquisition aligns with Aveanna's strategic mission to lead in delivering high-quality care while providing value and clinical innovation to payors and stakeholders [3]. Advisory and Legal Support - Edge Healthcare Partners acted as the financial advisor for Aveanna, while Cantor Fitzgerald & Co. served as the financial advisor for Thrive SPC [4]. - Legal counsel for Aveanna was provided by Bass, Berry & Sims, and Ropes & Gray LLP represented Thrive SPC [4].
The Ensign Group Acquires Two Skilled Nursing Facilities in Idaho
Globenewswire· 2025-06-02 20:05
Core Insights - The Ensign Group, Inc. has acquired two skilled nursing facilities in Coeur d'Alene, Idaho, effective June 1, 2025, expanding its presence in the state [1][2] - The company also acquired Toluca Lake Transitional Care, a 52-bed facility in North Hollywood, California, as part of a larger acquisition involving seven facilities from Providence Home and Community Care [3] - Following these acquisitions, Ensign's portfolio now includes 347 healthcare operations across 17 states, with 44 of those being senior living operations [4] Company Expansion - The acquisitions in Idaho are part of Ensign's strategy to grow its operations in the region, with the CEO expressing excitement about the opportunities in Coeur d'Alene [2] - Ensign's subsidiaries, including Standard Bearer, own a total of 144 real estate assets, indicating a strong foothold in the healthcare real estate market [4] Operational Integration - The President of Pennant Healthcare LLC noted that the new facilities align well with Ensign's culture and operations, suggesting a smooth transition and integration into the existing local cluster [3] - The company is actively seeking further acquisition opportunities in skilled nursing, senior living, and other healthcare-related businesses across the United States [4]
The Ensign Group Adds Skilled Nursing Facility in California
Globenewswire· 2025-06-02 20:05
Core Insights - The Ensign Group, Inc. has acquired the operations of Toluca Lake Transitional Care, a 52-bed skilled nursing facility in North Hollywood, California, as part of a larger acquisition of seven facilities from Providence Home and Community Care, effective June 1, 2025 [1][4] - The company also acquired Ironwood Rehabilitation and Care Center (80 beds) and Lakeside Rehabilitation and Care Center (100 beds), both located in Coeur d'Alene, Idaho, under a long-term triple net master lease [3][4] - Following these acquisitions, Ensign's portfolio now includes 347 healthcare operations across 17 states, with 44 senior living operations and 144 owned real estate assets [4][5] Company Strategy - Ensign's CEO, Barry Port, expressed enthusiasm for the acquisition, highlighting the facility's fit within their best markets and the potential for continued growth in California [2] - The company is actively seeking further acquisition opportunities in skilled nursing, senior living, and other healthcare-related businesses across the United States [4]