According to its second quarter earnings report, The Ensign Group certainly defied expectations for the rest of the senior care industry and has been performing relatively well lately. The company also announced its acquisition of a CCRC in Tempe, Arizona, which we’ve learned Blueprint Healthcare Real Estate Advisors helped facilitate.
Previously owned and operated by Volunteers of America Senior Living, a large not-for-profit with over 20 communities in its portfolio, the campus includes a 62-bed skilled nursing facility and a senior living community with 90 independent living and 72 assisted living units.
The community has a 40-year history in the Tempe market and maintained a good reputation in the area. Unfortunately, as is the case at many senior care communities across the country, it saw a bad outbreak of COVID-19 among its residents and employees, resulting in at least 54 resident cases and 14 deaths.
Before COVID hit, however, Blueprint was hired to find a new operator for the community, and while The Ensign Group emerged as the interested party, the large provider eventually became the buyer, with its Arizona-based operating subsidiary, Bandera Healthcare, taking over management of the campus, which was renamed Tempe Post Acute (the SNF) and Desert Marigold Senior Living of Tempe (the seniors housing portion). The deal closed 150 days from letter of intent.
