The Ensign Group acquired a skilled nursing facility in Amarillo, Texas, picking up both the real estate and operations in the deal. Featuring 82 beds, the facility was formerly owned by Omega Healthcare Investors, which acquired it in a portfolio deal in June 2010. It was part of the 57-facility portfolio operated by Daybreak Venture, LLC that OHI was in the process of divesting after Daybreak paid less than $1 million in rent in the third and fourth quarters of 2019. This Amarillo location was just 45% occupied at the time of the sale.
Ensign paid an undisclosed sum for the property and will rename it The Medical Lodge of Amarillo. Its subsidiary Keystone Care LLC will take over operations, and Ensign expects the deal to be accretive to 2021 earnings.