Ensign Expands Into Texas and Wisconsin

The Ensign Group boosted its position in two markets with the acquisition of five assisted living communities previously operated by Brookdale Senior Living. First, in Texas, where the company already owns nearly fifty properties, Ensign acquired two 37-unit assisted living communities located in the towns of Lancaster (Dallas MSA) and Paris (rural east Texas). Lately, […]

Public Companies Spring Into Action This June

Public companies have made a statement so far in June, with a couple of REITs, one publicly traded operator and two foreign firms announcing acquisitions this week. First, across our border, Ontario-based Sienna Senior Living added one more Ontario retirement community to its portfolio. The 70-unit community in the town of Kingston sold for approximately […]

The Ensign Group Shores Up Its Iowa Skilled Nursing Presence

The Ensign Group kept its steady deal flow coming with the acquisition of a 74-bed skilled nursing facility in Des Moines, Iowa. This makes six properties in Iowa for Ensign, which leased the facility to its Midwest-based subsidiary, Gateway Healthcare. Occupancy was just 74%, but that is typical of Ensign acquisitions. The Iowa deal is […]

Mainstreet Health Investments’ Growing and Shrinking Relationship with Ensign

Based in Toronto, Ontario with a concentration of properties in Chicagoland and Texas, Mainstreet Health Investments Inc. (MHI) is entering the California and Arizona markets with an acquisition from The Ensign Group. Featuring 381 units/beds, the portfolio includes two post-acute/skilled nursing facilities and a senior living community in the Los Angeles and Phoenix markets. Ensign, […]

Expansion Concept

CareTrust REIT’s Illinois Skilled Nursing Expansion

Since its spin-off from The Ensign Group in June 2014, CareTrust REIT has been one of the most active buyers in both seniors housing and skilled nursing M&A markets. It has grown from its initial portfolio of 96 properties to 158 net-leased healthcare properties and three operated seniors housing properties in 21 states. The acquisitions […]

Another Texas Transaction for Blueprint Healthcare Real Estate Advisors

Blueprint Healthcare Real Estate Advisors has developed an affinity for the Texas senior care M&A market, closing six transactions in the state in the last year, including as recently as January, when the firm closed the sale of a 120-bed skilled nursing facility in Whitehouse for $6.42 million, or $53,500 per bed. Now, hired to […]

Decrease theme

Ensign Group Shares Plunge

The Ensign Group was the first of the operating companies to report fourth quarter earnings, and the company took a stumble. Earnings were significantly below estimates because of some difficulties transitioning acquisitions, and were also impacted by labor costs and increasing healthcare costs. As a result, management lowered its guidance for 2017 for both revenues […]

Struggling skilled nursing facilities sell in Texas

We have seen a number of skilled nursing facilities sold this month that have seen better days, or at least hope to. The theme continued at the start of February, two SNF transactions in Texas were announced in succession involving struggling facilities. First up, The Ensign Group purchased a facility in San Antonio that was just […]