The Ensign Group Acquires Five-Property Portfolio
The Ensign Group has acquired a five-property portfolio from Invesque Inc. for $93 million. Spanning California, Kansas and Arizona, the transaction includes four skilled nursing facilities totaling 436 beds and a 144-bed assisted living community. The SNF portfolio was operated by Ensign, and The Pennant Group operated the AL community up until this sale. BMO Capital Markets advised Invesque on the deal. The portfolio sale was part of Invesque’s Jaguarundi Ventures, LP joint venture between Invesque and Magnetar Capital, of which Invesque owns an approximately 65% ownership interest. Jaguarundi Ventures will receive $22 million of net proceeds from the sale after the repayment of... Read More »
The Ensign Group Shines, Again
We have still not figured out how The Ensign Group continues to outperform the rest of the skilled nursing industry when so many companies and providers are still hurting, with many of them still not able to make lease payments in full. For the past year, we have wondered if the only way to perform as well as they have is to cook the books, so to speak. That idea was discarded, and while we know they operate their model with each facility run by a mini-CEO with full local decision-making responsibilities and run it successfully, we continue to scratch our heads and wonder why others can’t do what they do. It just must be the culture, but obviously, one that needs to be mimicked by others,... Read More »
The Ensign Group Acquires Operations of Three Facilities
The Ensign Group will assume the operations of three skilled nursing facilities across Texas and Idaho. The facilities include the 98-bed River Pointe of Trinity Healthcare and Rehabilitation Center in Trinity, Texas, the 150-bed Park Village Healthcare and Rehabilitation in De Soto, Texas, and Skyline Transitional Care Center, an 80-bed facility in Boise, Idaho. The acquisitions are subject to a long-term, triple net lease. Plus, the deal brings Ensign’s growing portfolio to 245 healthcare operations, 22 of which also include senior living operations, across thirteen states. Read More »
The Ensign Group and CareTrust Acquire Two Texas SNFs
The Ensign Group and CareTrust REIT have teamed up to acquire the real estate and operations of two skilled nursing facilities in the Austin, Texas metropolitan area. CareTrust purchased the facilities for $32.5 million, or about $135,000 per bed, while The Ensign Group recently took over operations effective August 1, 2021 as part of the acquisition. This deal brings Ensign’s growing portfolio to 242 healthcare operations, 22 of which also include senior living operations, across thirteen states. The facilities are Sedona Trace Health and Wellness Center, a 119-bed skilled nursing facility located in Austin, Texas; and Cedar Pointe Health and Wellness Center, a 122-bed skilled... Read More »Schedule a demo
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