The Ensign Group announced two separate transactions that closed on the same day involving several assets. First, Ensign acquired the real estate and operations of Citrus Heights Respiratory and Rehabilitation, a 204-bed skilled nursing facility, and Springdale Village Post Acute, a 122-bed skilled nursing facility, both in Mesa, Arizona. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc.
Ensign next acquired the real estate and operations of Polaris Extended Care and Polaris Transitional Care, a skilled nursing facility with 146 beds in Anchorage, Alaska; Horizon House, a 90-unit seniors housing community in Anchorage, Alaska; Mt. Angel Health and Rehabilitation and Mt. Angel Orchard House, a senior care facility with 98 SNF beds and 50 seniors housing units in Mt. Angel, Oregon; and South Hill Rehabilitation and Care Center, a 113-bed SNF in Spokane, Washington. The real estate assets were acquired by Standard Bearer from Providence Home and Community Care (which was represented by Dan Revie of Ziegler).
These acquisitions bring Ensign’s growing portfolio to 340 healthcare operations, which includes 45 senior living operations, across 17 states. Ensign subsidiaries, including Standard Bearer, own 140 real estate assets. Ensign is actively seeking opportunities to acquire real estate and to lease both well-performing and struggling skilled nursing, seniors housing and other healthcare related businesses throughout the U.S.
