Standard-bearer

The Ensign Group Acquires Two Skilled Nursing Facilities in Colorado

Retrieved on: 
Monday, March 4, 2024

“Both of these operations are a great fit and will add strength to our operational market and clusters in Colorado,” he added.

Key Points: 
  • “Both of these operations are a great fit and will add strength to our operational market and clusters in Colorado,” he added.
  • In a separate transaction on the same day, Ensign announced that its affiliate acquired the real estate and operations of Atchison Senior Village Rehabilitation and Nursing Center, a 45-bed skilled nursing facility located in Atchison, Kansas.
  • These acquisitions bring Ensign's growing portfolio to 302 healthcare operations, 27 of which also include senior living operations, across fourteen states.
  • 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 throughout the United States.

The Ensign Group Acquires Skilled Nursing Facility in Kansas

Retrieved on: 
Monday, March 4, 2024

SAN JUAN CAPISTRANO, Calif., March 04, 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 acquired the real estate and operations of Atchison Senior Village Rehabilitation and Nursing Center, a 45-bed skilled nursing facility located in Atchison, Kansas.

Key Points: 
  • SAN JUAN CAPISTRANO, Calif., March 04, 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 acquired the real estate and operations of Atchison Senior Village Rehabilitation and Nursing Center, a 45-bed skilled nursing facility located in Atchison, Kansas.
  • Dave Jorgensen, President of Gateway Healthcare, LLC, Ensign’s Kansas-based subsidiary, added “We have respected this facility from a distance for some time.
  • We look forward to adding our leadership and expertise to the caregivers at this operation to provide top-notch care to the residents and their families.”
    In a separate transaction on the same day, Ensign announced that its affiliates acquired the operations of Park Post Acute, a 135-bed skilled nursing facility located in Parker, Colorado and Oakwood Care and Rehabilitation, a 170-bed skilled nursing facility located in Lakewood, Colorado.
  • 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 throughout the United States.

The Ensign Group Reports Fiscal Year and Fourth Quarter 2023 Results; Issues 2024 Earnings Guidance

Retrieved on: 
Thursday, February 1, 2024

Ensign also reported GAAP diluted earnings per share of $0.38 and adjusted earnings per share(1) of $1.28 for the quarter ended December 31, 2023.

Key Points: 
  • Ensign also reported GAAP diluted earnings per share of $0.38 and adjusted earnings per share(1) of $1.28 for the quarter ended December 31, 2023.
  • Consolidated GAAP and adjusted revenues for the quarter were $980.4 million, an increase of 21.1% over the prior year quarter.
  • The midpoint of this 2024 earnings guidance represents an increase of 13% over our 2023 results and is 30% higher than our 2022 results.
  • A live webcast will be held Friday, February 2, 2024 at 10:00 a.m. Pacific time (1:00 p.m. Eastern time) to discuss Ensign’s fourth quarter and fiscal year of 2023 financial results.

The Ensign Group Acquires Skilled Nursing Facility in Nevada

Retrieved on: 
Tuesday, January 2, 2024

SAN JUAN CAPISTRANO, Calif., Jan. 02, 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 operations of Hearthstone Health and Rehabilitation, a 125-bed skilled nursing facility located in Sparks, Nevada.

Key Points: 
  • SAN JUAN CAPISTRANO, Calif., Jan. 02, 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 operations of Hearthstone Health and Rehabilitation, a 125-bed skilled nursing facility located in Sparks, Nevada.
  • This acquisition was effective January 1, 2024 and is subject to a long-term, triple net lease.
  • “We are thrilled to be adding this operation to Nevada, a market where we have seen some positive growth over the past two years,” said Barry Port, Ensign's Chief Executive Officer.
  • 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 throughout the United States.

The Ensign Group Acquires Skilled Nursing Facility in Tennessee

Retrieved on: 
Tuesday, January 2, 2024

SAN JUAN CAPISTRANO, Calif., Jan. 02, 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 operations of TriState Health and Rehabilitation Center, a 116-bed skilled nursing facility located in Harrogate, Tennessee.

Key Points: 
  • SAN JUAN CAPISTRANO, Calif., Jan. 02, 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 operations of TriState Health and Rehabilitation Center, a 116-bed skilled nursing facility located in Harrogate, Tennessee.
  • “This acquisition is a significant milestone for our organization, as this is our first skilled nursing facility in Tennessee,” said Barry Port, Ensign's Chief Executive Officer.
  • In a separate transaction on the same day, Ensign announced that its affiliate acquired the operations of Hearthstone Health and Rehabilitation, a 125-bed skilled nursing facility located in Sparks, Nevada.
  • 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 throughout the United States.

The Ensign Group Acquires Post Acute Care Campus in Texas

Retrieved on: 
Friday, November 3, 2023

The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and the acquisition was effective November 1, 2023.

Key Points: 
  • The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and the acquisition was effective November 1, 2023.
  • “We are thrilled to grow our presence in Texas with the addition of this healthcare campus, which we have had our eye on for some time,” said Barry Port, Ensign's Chief Executive Officer.
  • This acquisition brings Ensign's growing portfolio to 297 healthcare operations, 27 of which also include senior living operations, across thirteen states.
  • Ensign subsidiaries, including Standard Bearer, own 113 real estate assets.

The Ensign Group Reports Third Quarter 2023 Results; Raises 2023 Earnings Guidance

Retrieved on: 
Wednesday, October 25, 2023

GAAP diluted earnings per share for the quarter was $1.11 and adjusted diluted earnings per share(1) was $1.20, an increase of 12.1% and 15.4%, respectively, over the prior year quarter.

Key Points: 
  • GAAP diluted earnings per share for the quarter was $1.11 and adjusted diluted earnings per share(1) was $1.20, an increase of 12.1% and 15.4%, respectively, over the prior year quarter.
  • Consolidated GAAP and adjusted revenues for the quarter were $940.8 million, an increase of 22.2% over the prior year quarter.
  • Standard Bearer(2) revenue was $21.0 million for the quarter, an increase of 12.0% from prior year quarter and FFO was $13.6 million for the quarter, an increase of 8.7% from the prior year quarter.
  • This new midpoint of our 2023 earnings guidance represents an increase of 15.0% over our 2022 results and is 30.8% higher than our 2021 results.

The Ensign Group Acquires Skilled Nursing Facility in Kansas

Retrieved on: 
Friday, October 6, 2023

SAN JUAN CAPISTRANO, Calif., Oct. 06, 2023 (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 acquired the operations of Providence Place, a 45-bed skilled nursing facility located in Kansas City, Kansas.

Key Points: 
  • SAN JUAN CAPISTRANO, Calif., Oct. 06, 2023 (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 acquired the operations of Providence Place, a 45-bed skilled nursing facility located in Kansas City, Kansas.
  • The acquisition was effective October 1, 2023 and will be subject to a long-term, triple net lease.
  • “This acquisition created a perfect opportunity for growth in Kansas, where we have been carefully reviewing opportunities for some time,” said Barry Port, Ensign's Chief Executive Officer.
  • 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 throughout the United States.

The Ensign Group Acquires Two Skilled Nursing Facilities in South Carolina

Retrieved on: 
Tuesday, September 5, 2023

SAN JUAN CAPISTRANO, Calif., Sept. 05, 2023 (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 operations of Ashley River Healthcare, a 125-bed skilled nursing facility located in Charleston, South Carolina, and The Reserve Healthcare and Rehabilitation, a 135-bed skilled nursing facility located in Hanahan, South Carolina.

Key Points: 
  • SAN JUAN CAPISTRANO, Calif., Sept. 05, 2023 (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 operations of Ashley River Healthcare, a 125-bed skilled nursing facility located in Charleston, South Carolina, and The Reserve Healthcare and Rehabilitation, a 135-bed skilled nursing facility located in Hanahan, South Carolina.
  • These acquisitions were effective September 1, 2023 and will be subject to a long-term, triple net lease.
  • “We are very excited for our continued growth in South Carolina,” said Barry Port, Ensign's Chief Executive Officer.
  • 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 throughout the United States.

The Ensign Group Announces Another Acquisition in Colorado

Retrieved on: 
Wednesday, August 2, 2023

The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and the acquisition was effective August 1, 2023.

Key Points: 
  • The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and the acquisition was effective August 1, 2023.
  • “We are thrilled to be adding this operation to Colorado, a market where we have seen steady and positive growth over the past couple of years,” said Barry Port, Ensign's Chief Executive Officer.
  • “This acquisition also provided another great opportunity to add to Standard Bearer’s growing portfolio,” he added.
  • 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 throughout the United States.