The Ensign Group Acquires Skilled Nursing Facility in Nevada
02 January 2024 - 10:00PM
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.
“Our leaders are prepared to enhance the level of care that is
provided to this operation and the community we are honored to
serve,” he added.
Tyler Hoopes, President of Milestone Healthcare
LLC, Ensign’s Utah and Nevada-based subsidiary, added “We are very
excited to be able to add our leadership and expertise to the
caregivers at this operation. We look forward to working together
with this new team to provide excellent care to the residents and
their families.”
In a separate transaction on the same day,
Ensign announced that its affiliate acquired the operations of
TriState Health and Rehabilitation Center, a 116-bed skilled
nursing facility located in Harrogate, Tennessee.
These acquisitions bring Ensign's growing
portfolio to 299 healthcare operations, 27 of which also include
senior living operations, across fourteen states. Ensign
subsidiaries, including Standard Bearer, own 113 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™
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 299 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 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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