Latest news with #SteveFarnsworth
Yahoo
02-06-2025
- Business
- Yahoo
The Ensign Group Acquires Two Skilled Nursing Facilities in Idaho
SAN JUAN CAPISTRANO, Calif., June 02, 2025 (GLOBE NEWSWIRE) -- 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 Ironwood Rehabilitation and Care Center, an 80-bed skilled nursing facility located in Coeur d'Alene, Idaho and Lakeside Rehabilitation and Care Center, a 100-bed skilled nursing facility also located in Coeur d'Alene, Idaho. These acquisitions were effective June 1, 2025 and are subject to a long-term, triple net master lease with a third-party landlord. 'We are excited to add these two facilities to our increasing presence in Idaho,' said Barry Port, Ensign's Chief Executive Officer. 'Coeur d'Alene is an area that we are thrilled to be in and look forward to continued growth around these facilities,' he added. Steve Farnsworth, President of Pennant Healthcare LLC, Ensign's northwest subsidiary, added 'These facilities are a wonderful fit for us both culturally and operationally and there should be a seamless transition bringing them into our local cluster. The caregivers are amazing, and we can't wait to work with them to provide incredible service to our residents and their families.' In a separate transaction on the same day, Ensign announced that it acquired the operations of Toluca Lake Transitional Care, a 52-bed skilled nursing facility located in North Hollywood, California. The real estate will be acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company, following receipt of state regulatory approvals. The acquisition was part of the larger acquisition of seven other facilities from Providence Home and Community Care, which was announced in December 2024. These acquisitions were effective as of June 1, 2025, and bring Ensign's growing portfolio to 347 healthcare operations, which includes 44 senior living operations, across 17 states. Ensign subsidiaries, including Standard Bearer, own 144 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 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 347 healthcare facilities in Alabama, Alaska, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. More information about Ensign is available at Ensign Group, Inc., (949) 487-9500, ir@ SOURCE: The Ensign Group, Inc.
Business Upturn
02-05-2025
- Business
- Business Upturn
The Ensign Group Adds Skilled Nursing Facility in Washington
By GlobeNewswire Published on May 2, 2025, 15:00 IST SAN JUAN CAPISTRANO, Calif., May 02, 2025 (GLOBE NEWSWIRE) — 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 real estate and operations of Marianwood Health and Rehabilitation , a 117-bed skilled nursing facility located in Issaquah, Washington. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company, and will be operated by an Ensign-affiliated tenant. The acquisition was effective as of May 1, 2025 and was part of the larger acquisition of seven other facilities from Providence Home and Community Care, which was announced in December 2024. 'We are honored to have been entrusted to continue the long-standing tradition of quality care in this operation,' said Barry Port, Ensign's Chief Executive Officer. 'This facility clusters well with our existing locations and continues to build a strong portfolio for Standard Bearer in the northwest,' he added. Steve Farnsworth, President of Pennant Healthcare LLC, Ensign's Washington-based subsidiary, added 'This operation is a perfect fit for us, and we are excited to continue our strong growth in Washington. The team is incredible, and we are excited to join forces with them to provide excellence to our residents and their families.' This acquisition was effective as of May 1, 2025, and brings Ensign's growing portfolio to 344 healthcare operations, which includes 44 senior living operations, across 17 states. Ensign subsidiaries, including Standard Bearer, own 144 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 344 healthcare facilities in Alabama, Alaska, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. More information about Ensign is available at Contact Information The Ensign Group, Inc., (949) 487-9500, [email protected] SOURCE: The Ensign Group, Inc. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
