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The Ensign Group Adds Two Operations in California
Globenewswire· 2025-04-02 10:00
Core Insights - The Ensign Group, Inc. has acquired 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, effective April 1, 2025 [1][2] - In a separate transaction, Ensign acquired the real estate and operations of Pacific Haven Subacute and Healthcare Center, a 99-bed skilled nursing facility in Garden Grove, California, with real estate assets purchased by Standard Bearer Healthcare REIT, Inc. [3][4] - The recent acquisitions expand 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][6] Company Strategy - Ensign's CEO expressed enthusiasm about adding these operations to their mature market, indicating a focus on building upon existing strengths [2] - The company aims to enhance clinical excellence in the newly acquired facilities by leveraging proven operating principles [3] - Ensign is actively seeking further acquisition opportunities in skilled nursing, senior living, and healthcare-related businesses throughout the United States [5]
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]