The Ensign Group has announced the acquisition of the operations of Lila Doyle Post Acute, a skilled nursing facility in Seneca, South Carolina. In addition, it was revealed that Ensign’s captive REIT, Standard Bearer Healthcare REIT, Inc., acquired the real estate pursuant to a 30-year ground lease with extension options.
The 120-bed facility is located on the campus of Prisma Health Oconee Memorial Hospital and was formerly operated by Prisma Health. However, the facility will remain clinically affiliated with Prisma. Ensign entered into a long-term sublease for the facility, and its South Carolina-based subsidiary, Hopewell Healthcare LLC, will manage it. The company’s portfolio now comprises 269 healthcare operations, 26 of which also include senior living operations, across thirteen states. Ensign subsidiaries, including Standard Bearer, now own 108 real estate assets
