The Ensign Group completed the acquisition of three skilled nursing facilities in three separate transactions. First, Ensign acquired the real estate and operations of Greater Southside Health and Rehabilitation, a 76-bed skilled nursing facility in Des Moines, Iowa. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Ensign’s captive real estate company.
In separate transactions on the same day, Ensign acquired Holly Heights Care and Rehabilitation, a 133-bed SNF in Denver Colorado, and City Park Healthcare and Rehabilitation Center, a 125-bed SNF, also in Denver. One of these new facilities will be subject to a long-term, triple net lease and the other will be purchased by Standard Bearer and leased to an Ensign-affiliated operator.
Each of these three acquisitions were effective as of August 1, and they bring Ensign’s growing portfolio to 315 healthcare operations, 29 of which also include senior living operations, across 14 states. Ensign subsidiaries, including Standard Bearer, own 122 real estate assets. Ensign is actively seeking opportunities to acquire real estate and to lease both well-performing and struggling skilled nursing, senior living and other healthcare related businesses throughout the United States.
