Ensign Group acquired multiple skilled nursing facilities in Texas, expanding its healthcare operations and real estate portfolio.
Quiver AI Summary
The Ensign Group, Inc. announced the acquisition of Mesquite Post Acute Care, a 120-bed skilled nursing facility in Lubbock, Texas, effective February 1, 2025, through its subsidiary, Standard Bearer Healthcare REIT, Inc. CEO Barry Port expressed excitement about the addition, emphasizing its alignment with their expansion efforts in West Texas. In a separate transaction, Ensign acquired several facilities in Texas, including Beacon Harbor Healthcare & Rehabilitation and Crestwood Health & Rehabilitation Center, among others, which have been operated by Ensign-affiliated companies for the past five years. Following these acquisitions, Ensign's portfolio now includes 334 healthcare operations across 15 states, with an ongoing commitment to seek further acquisition opportunities in the skilled nursing and senior living sectors.
Potential Positives
- The acquisition of Mesquite Post Acute Care enhances Ensign's presence in Texas, a key market for the company, allowing for potential synergies with existing operations in Lubbock.
- Ensign's portfolio now includes 334 healthcare operations, signaling strong growth and expansion in the skilled nursing and senior living sectors.
- The separate acquisition of four additional skilled nursing facilities indicates a strategic focus on expanding real estate ownership and operational control over well-established healthcare properties.
- The company’s commitment to seeking further acquisitions points to a proactive growth strategy in the healthcare market, which can enhance investor confidence.
Potential Negatives
- Acquisition of multiple facilities may indicate that Ensign is actively expanding during a time when the skilled nursing industry faces significant challenges, such as staffing shortages and regulatory pressures, which could strain resources.
- Purchasing struggling skilled nursing facilities could pose financial risks and impact overall performance if these facilities do not improve operationally and financially.
- There is no mention of how these acquisitions will be funded, which raises concerns about financial sustainability and potential debt levels.
FAQ
What is the recent acquisition by The Ensign Group, Inc.?
The Ensign Group acquired Mesquite Post Acute Care, a 120-bed skilled nursing facility in Lubbock, Texas.
When did the acquisition of Mesquite Post Acute Care become effective?
The acquisition became effective on February 1, 2025.
How many healthcare operations does Ensign currently manage?
Ensign manages a total of 334 healthcare operations across 15 states.
What facilities were acquired alongside Mesquite Post Acute Care?
Other acquisitions include Beacon Harbor, Pleasant Manor, Crestwood, and Rowlett healthcare facilities, enhancing Ensign’s Texas operations.
Is Ensign seeking more acquisition opportunities?
Yes, Ensign is actively looking to acquire real estate and lease skilled nursing and healthcare-related businesses throughout the United States.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ENSG Insider Trading Activity
$ENSG insiders have traded $ENSG stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.
Here’s a breakdown of recent trading of $ENSG stock by insiders over the last 6 months:
- BARRY PORT (Chief Executive Officer) has made 0 purchases and 4 sales selling 14,118 shares for an estimated $2,080,200.
- DAREN SHAW has made 0 purchases and 3 sales selling 4,000 shares for an estimated $574,058.
- SWATI BARGOTRA ABBOTT sold 1,000 shares for an estimated $152,450
- BARRY M SMITH sold 700 shares for an estimated $93,401
- ANN SCOTT BLOUIN sold 375 shares for an estimated $58,241
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ENSG Hedge Fund Activity
We have seen 241 institutional investors add shares of $ENSG stock to their portfolio, and 203 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 1,919,591 shares (-21.3%) from their portfolio in Q3 2024, for an estimated $276,075,577
- CREWE ADVISORS LLC removed 1,090,266 shares (-98.2%) from their portfolio in Q4 2024, for an estimated $144,852,740
- FULLER & THALER ASSET MANAGEMENT, INC. removed 928,791 shares (-40.6%) from their portfolio in Q3 2024, for an estimated $133,578,721
- WASATCH ADVISORS LP removed 726,573 shares (-17.9%) from their portfolio in Q3 2024, for an estimated $104,495,728
- FMR LLC added 593,779 shares (+42.3%) to their portfolio in Q3 2024, for an estimated $85,397,295
- GOLDMAN SACHS GROUP INC added 395,753 shares (+177.5%) to their portfolio in Q3 2024, for an estimated $56,917,196
- JANE STREET GROUP, LLC added 322,865 shares (+618.3%) to their portfolio in Q3 2024, for an estimated $46,434,444
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SAN JUAN CAPISTRANO, Calif., Feb. 03, 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
Mesquite Post Acute Care
, a 120-bed skilled nursing facility located in Lubbock, Texas. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc. Ensign’s captive real estate company, and the acquisition is effective as of February 1, 2025.
“We are thrilled to add this facility to our organization in one of our best markets in Texas. We have been looking for the right opportunity to expand in west Texas and Bender Terrace was the perfect fit,” said Barry Port, Ensign's Chief Executive Officer. “This facility will cluster extremely well with our existing operation in Lubbock and is another addition to Standard Bearer’s ever-growing portfolio,” he added.
Andy Ashton, President of Keystone Healthcare LLC, Ensign’s Texas-based subsidiary, had this to say about the acquisition “Bender Terrace is an amazing facility that our local leaders cannot wait to begin working together with them. We are excited to continue the strong tradition of excellence we are inheriting and we look forward to adding additional resources in order to provide the high quality care to the residents and their families.”
In a separate transaction effective January 31, 2025, Ensign announced that through Standard Bearer, it had acquired the real estate of
Beacon Harbor Healthcare & Rehabilitation,
a 190-bed skilled nursing facility located in Rockwall, Texas;
Pleasant Manor Healthcare & Rehabilitation
, a 126-bed skilled nursing facility located in Waxahachie, Texas;
Crestwood Health & Rehabilitation Center
, a healthcare campus with 112 skilled nursing beds and 36 assisted living units located in Wills Point, Texas; and
Rowlett Health & Rehabilitation Center
, a 150 bed skilled nursing facility located in Rowlett, Texas. Each of these facilities have been operated by an Ensign affiliated company for the last five years under two leases with a third-party owner. Each operation will continue to be operated by an Ensign affiliated operator and will be subject to long-term triple net leases with Standard Bearer.
These acquisitions bring Ensign's growing portfolio to 334 healthcare operations, 30 of which also include senior living operations, across 15 states. Ensign subsidiaries, including Standard Bearer, own 134 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 334 healthcare facilities in Alabama, 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@ensignservices.net
SOURCE: The Ensign Group, Inc.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
