The Ensign Group kicked off the fourth quarter with three separate acquisitions of skilled nursing facilities across the country. The largest deal featured the operations of six SNFs in Texas: four in Austin and two in San Antonio. Totaling 729 beds, the facilities will be operated by Ensign’s Texas-based subsidiary, Keystone Care LLC, under a long-term. triple-net lease.
Next, Ensign acquired the operations of two skilled nursing facilities in South Carolina: the 132-bed Oak Harbor Healthcare in Mount Pleasant and the 190-bed Oak View Health and Rehabilitation in Conway. Hopewell Healthcare LLC, Ensign’s South Carolina-based subsidiary, will assume management of the facilities.
Finally, Ensign added the real estate and operations of Fountain Hills Post Acute, a 64-bed skilled nursing facility in Fountain Hills, Arizona, through a subsidiary of its captive real estate company Standard Bearer Healthcare REIT, Inc. The facility is part of a 244-unit/bed rental CCRC campus that was built in 2001. Bandera Healthcare, LLC, Ensign’s Arizona-based subsidiary, will take over operations.
