The Ensign Group announced its acquisition of the real estate and operations of Atchison Senior Village Rehabilitation and Nursing Center, a 45-bed skilled nursing facility in Atchison, Kansas, with Nick Cacciabando and Ryan Saul of Senior Living Investment Brokerage handling the transaction. A subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, acquired the facility’s real estate, effective March 1, 2024.
Gateway Healthcare, LLC, Ensign’s Kansas-based subsidiary, will take over its operations. Built in 1961, 1973 and 1993 (with a renovation in 1996), the facility was one of the last remaining county-owned nursing homes in the state. At 84% occupancy, it was losing money on $3.8 million of revenues. The purchase price was $1.6 million, or $35,600 per bed.
