The Ensign Group Acquires Two Skilled Nursing Facilities in Colorado
04 March 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
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. These
acquisitions were effective March 1, 2024 and are subject to a
long-term, triple net master lease with CareTrust REIT, Inc.
“We are excited to add these two operations to
our growing Colorado presence,” said Barry Port, Ensign's Chief
Executive Officer. “Both of these operations are a great fit and
will add strength to our operational market and clusters in
Colorado,” he added.
Dave Jorgensen, President of Endura Healthcare,
LLC, Ensign’s Colorado-based subsidiary, added “We are thrilled to
be able to add our leadership and expertise to the caregivers at
both of these operations and know we have the leadership in place
to provide excellent care to the residents and their families we
are honored to serve.”
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. Ensign
subsidiaries, including Standard Bearer, own 114 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 302 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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