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THE ENSIGN GROUP, INC.

(ENSG)
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The Ensign Group Acquires Two Skilled Nursing Facilities in Colorado

03/03/2020 | 06:01am EDT

SAN JUAN CAPISTRANO, Calif., March 03, 2020 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the EnsignTM group of companies, which provide skilled nursing and assisted living services, physical, occupational and speech therapies and other rehabilitative and healthcare services, announced today that it acquired the operations of two skilled nursing facilities located in Commerce City, Colorado. The acquisitions were effective March 1, 2020 and will be subject to long-term, triple net leases.   The acquisitions include Ridgeview Post Acute, a skilled nursing facility with 105 skilled nursing beds and Irondale Post Acute, a skilled nursing facility with 83 skilled nursing beds.

"We are thrilled to add these two operations to our growing presence in Colorado," said Barry Port, Ensign's Chief Executive Officer. "These acquisitions fit very nicely into our existing operations and demonstrate our commitment to the greater Denver healthcare market," he added.   

"Our local leaders and our top-notch team of clinical resources are very excited to work together with our new team members as we strive to enhance the experience of each patient we serve and their families," added Dave Jorgensen, President of Endura Healthcare, Inc., Ensign’s Colorado-based subsidiary.  

These acquisitions bring Ensign's growing portfolio to 216 skilled nursing operations, 23 of which also include assisted living operations, across thirteen states.  Ensign owns the real estate at 91 healthcare operations.  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 assisted living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 225 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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ę GlobeNewswire 2020
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Financials (USD)
Sales 2021 2 644 M - -
Net income 2021 198 M - -
Net Debt 2021 - - -
P/E ratio 2021 25,1x
Yield 2021 -
Capitalization 4 678 M 4 678 M -
Capi. / Sales 2021 1,77x
Capi. / Sales 2022 1,63x
Nbr of Employees 24 400
Free-Float 90,0%
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Technical analysis trends THE ENSIGN GROUP, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 99,00 $
Last Close Price 86,01 $
Spread / Highest target 16,3%
Spread / Average Target 15,1%
Spread / Lowest Target 13,9%
EPS Revisions
Managers and Directors
NameTitle
Barry R. Port Chief Executive Officer & Director
Spencer Burton President & Chief Operating Officer
Suzanne D. Snapper Chief Financial Officer & Executive Vice President
Christopher R. Christensen Executive Chairman
Chad A. Keetch Chief Investment Officer, Secretary & EVP
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