April showers apparently brought The Ensign Group acquisitions this May, as the publicly traded provider announced eight separate deals, including four where its captive REIT Standard Bearer Healthcare REIT acquired the real estate. Two of the deals in Kansas and Arizona were profiled here, with Senior Living Investment Brokerage handling the deals.
Ensign and Standard Bearer also acquired the operations and real estate, respectively, of Spencer Post Acute Rehabilitation Center, an 82-bed skilled nursing facility in Spencer, Iowa, South Davis Specialty Care, a 95-bed SNF in Bountiful, Utah, and Western Peaks Specialty Hospital, a 43-bed LTACH also in Bountiful, Utah.
On the same day, Ensign announced that its affiliates acquired the operations of Creekview Health and Rehabilitation, a 78-bed SNF in Knoxville, Tennessee, Foothills Transitional Care and Rehabilitation, a 135-bed SNF in Maryville, Tennessee, and Midlothian Healthcare Center, a 120-bed SNF in Midlothian, Texas. The three transactions were all subject to long-term, triple net leases.
The May deals bring Ensign’s portfolio to 310 healthcare operations, 29 of which also include senior living operations, across fourteen states. Ensign subsidiaries, including Standard Bearer, own 119 real estate assets.
