The Ensign Group Acquires New Operation in Kansas
The Ensign Group (Nasdaq: ENSG) has expanded its portfolio with new acquisitions in Kansas and Colorado. In Kansas, the company acquired Prairie Ridge Health and Rehabilitation, a 102-bed skilled nursing facility in Overland Park. In Colorado, Ensign added seven skilled nursing facilities with a total of 760 beds across various locations. These acquisitions, effective September 1, 2024, bring Ensign's portfolio to 323 healthcare operations across fourteen states, including 29 with senior living operations. The company also owns 122 real estate assets through its subsidiaries.
Ensign's CEO, Barry Port, emphasized the company's growth in Kansas and its active pursuit of acquisition opportunities nationwide. The new facilities will operate under long-term, triple net leases, aligning with Ensign's strategy of expanding its presence in the healthcare and senior living sectors.
The Ensign Group (Nasdaq: ENSG) ha ampliato il suo portafoglio con nuove acquisizioni in Kansas e Colorado. In Kansas, l'azienda ha acquisito Prairie Ridge Health and Rehabilitation, una struttura di riabilitazione con 102 posti letto a Overland Park. In Colorado, Ensign ha aggiunto sette strutture di riabilitazione con un totale di 760 posti letto ubicati in diverse localit脿. Queste acquisizioni, valide dal 1掳 settembre 2024, portano il portafoglio di Ensign a 323 operazioni sanitarie in quattordici stati, di cui 29 con operazioni di residenza per anziani. L'azienda possiede inoltre 122 beni immobili attraverso le sue sussidiarie.
Il CEO di Ensign, Barry Port, ha enfatizzato la crescita dell'azienda in Kansas e la sua attiva ricerca di opportunit脿 di acquisizione a livello nazionale. Le nuove strutture opereranno sotto contratti di locazione a lungo termine, triple net, allineandosi con la strategia di Ensign di espandere la propria presenza nei settori sanitario e della vita per anziani.
The Ensign Group (Nasdaq: ENSG) ha ampliado su portafolio con nuevas adquisiciones en Kansas y Colorado. En Kansas, la compa帽铆a adquiri贸 Prairie Ridge Health and Rehabilitation, un centro de enfermer铆a especializada con 102 camas en Overland Park. En Colorado, Ensign agreg贸 siete centros de enfermer铆a especializada con un total de 760 camas en varias ubicaciones. Estas adquisiciones, efectivas a partir del 1 de septiembre de 2024, elevan el portafolio de Ensign a 323 operaciones de atenci贸n m茅dica en catorce estados, incluyendo 29 con operaciones de vivienda para ancianos. La compa帽铆a tambi茅n posee 122 activos inmobiliarios a trav茅s de sus subsidiarias.
El CEO de Ensign, Barry Port, enfatiz贸 el crecimiento de la compa帽铆a en Kansas y su activa b煤squeda de oportunidades de adquisici贸n a nivel nacional. Las nuevas instalaciones funcionar谩n bajo arrendamientos a largo plazo, triple neto, en l铆nea con la estrategia de Ensign de expandir su presencia en los sectores de atenci贸n m茅dica y vivienda para ancianos.
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Le Groupe Ensign (Nasdaq: ENSG) a 茅largi son portefeuille avec de nouvelles acquisitions dans Kansas et Colorado. Au Kansas, la soci茅t茅 a acquis Prairie Ridge Health and Rehabilitation, un 茅tablissement de soins infirmiers avec 102 lits situ茅 脿 Overland Park. Au Colorado, Ensign a ajout茅 sept 茅tablissements de soins infirmiers avec un total de 760 lits dans divers emplacements. Ces acquisitions, effectives 脿 partir du 1er septembre 2024, portent le portefeuille d'Ensign 脿 323 op茅rations de soins de sant茅 dans quatorze 脡tats, dont 29 avec des op茅rations de logement pour personnes 芒g茅es. La soci茅t茅 poss猫de 茅galement 122 actifs immobiliers par l'interm茅diaire de ses filiales.
Le PDG d'Ensign, Barry Port, a soulign茅 la croissance de l'entreprise au Kansas et sa recherche active d'opportunit茅s d'acquisition 脿 l'茅chelle nationale. Les nouvelles installations fonctionneront sous des baux 脿 long terme, triple net, conform茅ment 脿 la strat茅gie d'Ensign d'茅largir sa pr茅sence dans les secteurs de la sant茅 et du logement pour personnes 芒g茅es.
Die Ensign Group (Nasdaq: ENSG) hat ihr Portfolio mit neuen Akquisitionen in Kansas und Colorado erweitert. In Kansas hat das Unternehmen Prairie Ridge Health and Rehabilitation erworben, eine 102-Betten-Einrichtung f眉r qualifizierte Altenpflege in Overland Park. In Colorado f眉gte Ensign sieben Einrichtungen f眉r qualifizierte Altenpflege mit insgesamt 760 Betten an verschiedenen Standorten hinzu. Diese Akquisitionen, die ab dem 1. September 2024 wirksam sind, bringen das Portfolio von Ensign auf 323 Gesundheitsbetriebe in vierzehn Bundesstaaten, darunter 29 mit Seniorenwohnanlagen. Das Unternehmen besitzt au脽erdem 122 Immobilienanlagen 眉ber seine Tochtergesellschaften.
Der CEO von Ensign, Barry Port, betonte das Wachstum des Unternehmens in Kansas und die aktive Verfolgung von Akquisitionsm枚glichkeiten auf nationaler Ebene. Die neuen Einrichtungen werden unter langfristigen Triple-Net-Leasingvertr盲gen betrieben, was mit der Strategie von Ensign 眉bereinstimmt, seine Pr盲senz im Gesundheitswesen und im Seniorenwohnsektor auszubauen.
- Expansion of portfolio with 8 new skilled nursing facilities across Kansas and Colorado
- Increased total healthcare operations to 323 across 14 states
- Strategic growth in the Kansas City healthcare market
- Ownership of 122 real estate assets through subsidiaries
- None.
Insights
The Ensign Group's acquisition of 8 new skilled nursing facilities across Kansas and Colorado represents a significant expansion of their portfolio. This move increases their total operations to 323, showcasing aggressive growth. The long-term, triple net leases for these facilities provide
This expansion aligns with Ensign's strategy of acquiring both well-performing and struggling healthcare businesses, indicating potential for value creation through turnarounds. The diversification across 14 states mitigates regional risks. Investors should note the company's ability to execute multiple acquisitions simultaneously, suggesting strong operational capabilities and a robust pipeline for future growth.
Ensign's strategic acquisitions in Kansas and Colorado demonstrate a focused approach to market penetration. By deepening their presence in the Kansas City area and expanding in Colorado, they're leveraging economies of scale and enhancing their competitive position in these markets.
The addition of 760 beds across 8 facilities signifies a substantial increase in capacity. This expansion comes at a important time, as the aging population drives demand for skilled nursing services. Ensign's ability to integrate these facilities into their existing operations will be key to realizing synergies and improving operational efficiencies. The move also positions them to capitalize on the growing trend of post-acute care coordination with hospitals and health systems in these regions.
Ensign's acquisition strategy, coupled with their real estate ownership model, presents an interesting value proposition. With 122 owned real estate assets out of 323 operations, Ensign is balancing property ownership with leased facilities. This hybrid approach allows for capital efficiency while maintaining long-term control over key assets.
The triple net lease structure for the new acquisitions is particularly noteworthy. It shifts property taxes, insurance and maintenance costs to the tenant (Ensign's subsidiaries), potentially improving predictability of cash flows for investors. As Ensign continues to seek real estate acquisition opportunities, this could lead to increased asset appreciation and provide a hedge against inflation, enhancing overall shareholder value.
SAN JUAN CAPISTRANO, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- The聽Ensign Group, Inc.聽(Nasdaq: ENSG), the parent company of the Ensign鈩⒙爂roup 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 Prairie Ridge Health and Rehabilitation, a 102-bed skilled nursing facility located in Overland Park, Kansas. This acquisition was effective as of September 1, 2024, and is subject to a long-term, triple net lease.
鈥淭his operation is another tremendous facility in Kansas, where we have been experiencing fantastic growth over the past year,鈥� said Barry Port, Ensign's Chief Executive Officer.
Dave Jorgensen, President of Gateway Healthcare LLC, Ensign鈥檚 Kansas-based subsidiary, added 鈥淲ith this new addition, we are deepening our commitment to the greater Kansas City healthcare market and look forward to integrating this operation into our existing footprint. We can鈥檛 wait to get started working with the local leadership in the area to continue provide outstanding care to the residents and families in the area.鈥�
In a separate transaction on the same day, Ensign announced that it acquired the following skilled nursing facilities in Colorado: Desert Willow Health and Rehabilitation Center, a 106-bed skilled nursing facility located in Pueblo, Colorado; Junction Creek Health and Rehabilitation Center, a 133-bed skilled nursing facility located in Durango, Colorado; Pelican Pointe Health and Rehabilitation Center, a 104-bed skilled nursing facility located in Windsor, Colorado; Riverbend Health and Rehabilitation Center, a 100-bed skilled nursing facility located in Loveland, Colorado; Broadview Health and Rehabilitation Center, a 100-bed skilled nursing facility located in Greeley, Colorado; Westlake Lodge Health and Rehabilitation Center, a 107-bed skilled nursing facility located in Greeley, Colorado; and Linden Place Health and Rehabilitation Center, a 110-bed skilled nursing facility located in Longmont, Colorado. These new facilities will be subject to long-term triple net leases.
All of these acquisitions were effective as of September 1, 2024, and bring Ensign's growing portfolio to 323 healthcare operations, 29 of which also include senior living operations, across fourteen states. Ensign subsidiaries, including Standard Bearer, own 122 real estate assets. Mr. 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.
About Ensign鈩�
The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 323 healthcare facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. More information about Ensign is available at .
Contact Information
The Ensign Group, Inc., (949) 487-9500, ir@ensignservices.net
SOURCE: The Ensign Group, Inc.
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