The Ensign Group Acquires Two Skilled Nursing Facilities in Colorado
March 02 2023 - 6:00AM
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 Hampden Hills Post Acute, a 218-bed
skilled nursing facility located in Aurora, Colorado, and Mapleton
Post Acute, an 84-bed skilled nursing facility located in Lakewood,
Colorado. These acquisitions were effective March 1, 2023 and will
be subject to long-term, triple net leases.
“We are thrilled about our continued growth in
Colorado,” said Barry Port, Ensign's Chief Executive Officer. “We
have admired these facilities for some time and are excited for the
opportunity to combine these with our existing facilities in
Colorado,” he added.
Dave Jorgensen, President of Endura Healthcare
LLC, Ensign’s Colorado-based subsidiary, added “we have been very
impressed with the teams at these facilities, and we look forward
to providing additional resources to support them as they strive to
meet the needs of the residents and families we are honored to
serve.”
These acquisitions bring Ensign's growing
portfolio to 290 healthcare operations, 26 of which also include
senior living operations, across thirteen states. Ensign
subsidiaries, including Standard Bearer, own 108 real estate assets
and sublease 3 healthcare operations to a third-party. Mr.
Port reaffirmed that Ensign is actively seeking opportunities to
acquire real estate and to lease both well-performing and
struggling skilled nursing, assisted living and other healthcare
related businesses throughout the United States.
About
EnsignTM
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 290
healthcare facilities, in Arizona, California, Colorado, Idaho,
Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah,
Washington and Wisconsin. More information about Ensign is
available at http://www.ensigngroup.net.
Contact Information
The Ensign Group, Inc., (949) 487-9500,
ir@ensigngroup.net
SOURCE: The Ensign Group, Inc.
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