The temperatures have dropped, and The Ensign Group has announced a flurry of acquisitions across the country to start off November. The largest of the deals involved four senior living communities in the Dallas-Fort Worth, Texas area. Averaging 84% occupancy, the portfolio featured a majority of memory care units (150), with 53 assisted living and 36 independent living units too. Ensign acquired just the operations and brought in its senior living subsidiary Bridgestone Living, LLC to operate, subject to a long-term lease.
Next, Ensign acquired both the real estate and operations of two skilled nursing facilities in Meridian and Gooding, Idaho, for an undisclosed price. One facility has 139 skilled nursing beds and 21 assisted living units, while the other is a smaller 44-bed SNF. Occupancy averaged 67% across the facilities, which Ensign’s Pacific Northwest-based operating subsidiary, Pennant Healthcare, hopes to improve upon.
Finally, in Ottawa, Kansas (about 30 miles southwest of Kansas City), Ensign added a senior care facility to its portfolio. Also including both the real estate and operations, the target comprises 93 skilled nursing beds, 71 assisted living units and 24 independent living units, with 66% occupancy. Gateway Healthcare, Ensign’s Midwest-based subsidiary, took over operations.
