The Ensign Group, Inc. acquired Operations of TriState Health and Rehabilitation Center.
January 01, 2024
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The Ensign Group, Inc. (NasdaqGS:ENSG) acquired Operations of TriState Health and Rehabilitation Center on January 1, 2024. Transaction is subject to a long-term, triple net lease. In related transaction Ensign acquired the operations of Hearthstone Health and Rehabilitation, a 125-bed skilled nursing facility located in Sparks, Nevada.
The Ensign Group, Inc. (NasdaqGS:ENSG) completed the acquisition of the Operations of TriState Health and Rehabilitation Center on January 1, 2024.
The Ensign Group, Inc. is a holding company, with independent subsidiaries that provide skilled nursing, senior living and rehabilitative services, as well as other ancillary businesses (including mobile diagnostics and medical transportation). Its segments include skilled services and Standard Bearer. Skilled services segment includes the operation of skilled nursing facilities and rehabilitation therapy services. Standard Bearer segment consists of select properties owned by the Company through its real estate investment trust and leased to skilled nursing and senior living operations, including its own operating subsidiaries and third-party operators. It offers services at 302 healthcare facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. It also acquires, leases and owns healthcare real estate to service the post-acute care continuum through acquisition and investment opportunities.