US-based healthcare services company Ensign Group has acquired healthcare and nursing facilities across various US states.
All the acquisitions were made through separate transactions and are effective from 1 May.
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They include a mix of skilled nursing and assisted living facilities, with the real estate of certain properties being acquired by a subsidiary of Ensign’s captive real estate company, Standard Bearer Healthcare REIT.
The financial details of these acquisitions have not been shared.
The expansion brings Ensign’s total operations to 310 healthcare facilities, including 29 senior living operations, across 14 US states.
The acquired facilities will be operated by an Ensign-affiliated operator.
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By GlobalDataAmong the acquired facilities is the Hillside Village of De Soto Rehabilitation and Nursing Center in Kansas, which features 38 assisted living units and 49 skilled nursing beds.
Ensign also acquired the 78-bed Creekview Health and Rehabilitation nursing centre in Knoxville, Tennessee, and the Foothills Transitional Care and Rehabilitation facility in Maryville, Tennessee, which has 135 beds.
Both of these facilities are subject to long-term, triple net leases.
Ensign has also acquired the Spencer Post Acute Rehabilitation Center, an 82-bed skilled nursing centre in Spencer, Iowa, as well as other nursing facilities in Texas, Arizona and Utah.
Other acquisitions include the Midlothian Healthcare Center, a 120-bed skilled nursing facility in Texas that is subject to a long-term and triple net lease, as well as two nursing facilities in Bountiful, Utah.
Based in California, Ensign Group offers post-acute care services through more than 300 care affiliates, employing more than 40,000 staff.
The company recently reported net income of $68.83m for the first quarter (Q1) of the year, marking a 15% increase from $59.85m in Q1 2023.
Its consolidated revenue rose by 13.9% year-on-year, reaching $1.01bn in Q1 2024 from $886.84m a year previous, while its same-facility skilled revenue grew by 3.8% year-over-year.
