The Ensign Group, Inc. acquired the real estate and operations of Champions Healthcare at Willowbrook, a healthcare campus consisting of a 98-bed skilled nursing facility and a 144-bed assisted living community in Houston, Texas. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and the acquisition was effective November 1, 2023.
Keystone Care LLC, Ensign’s Texas-based subsidiary, will take over the operations. No purchase price was disclosed, but the acquisition brings Ensign’s growing portfolio to 297 healthcare operations, 27 of which also include senior living operations, across thirteen states. Ensign subsidiaries, including Standard Bearer, own 113 real estate assets.
Some of Standard Bearer’s other recent acquisitions include Rehabilitation and Nursing Center of the Rockies, a 96-bed skilled nursing facility in Fort Collins, Colorado, Belmont Terrace, a 95-bed SNF in Bremerton, Washington, Puget Sound Transitional Care, a 125-bed SNF in Des Moines, Washington, and the Avamere Rehabilitation at Ridgemont and The Villas at Ridgemont campus, consisting of 96 licensed skilled nursing beds and 46 independent living units in Port Orchard, Washington.
