The Ensign Group acquired the operations of Toluca Lake Transitional Care, a 52-bed skilled nursing facility in North Hollywood, California. The real estate will be acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, following receipt of state regulatory approvals. The acquisition was part of the larger acquisition of seven other facilities from Providence Home and Community Care, which was announced in December. The acquisition was effective June 1.
In a separate transaction on the same day, Ensign announced that it acquired the operations of Ironwood Rehabilitation and Care Center, an 80-bed SNF in Coeur d’Alene, Idaho, and Lakeside Rehabilitation and Care Center, a 100-bed SNF also in Coeur d’Alene. These acquisitions are subject to a long-term triple net master lease with a third-party landlord, and were effective as of June 1.
Ensign’s portfolio now includes 347 healthcare operations, which includes 44 senior living operations, across 17 states. Ensign subsidiaries, including Standard Bearer, own 144 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.
