Ensign Adds Two Colorado Skilled Nursing Operators
The Ensign Group added a couple of Colorado skilled nursing facilities to its portfolio. Both located in Commerce City (Denver area), the facilities include a 105-bed SNF (Ridgeview Post Acute) and an 83-bed SNF (Irondale Post Acute). The deal included just the operations of the facilities, bringing Ensign’s portfolio to 216 skilled nursing operations. The company has stated it wishes to own more of the real estate in its portfolio, and currently does at 91 facilities, but if a deal makes sense, why not? Ensign’s Colorado-based subsidiary Endura Healthcare took over management subject to long-term, triple-net leases effective March 1. Read More » 2019 Sets Senior Care M&A Record
What a year it was. We have now recorded 447 publicly announced seniors housing and care transactions in 2019, which is not only a record, but is also still just a preliminary number. Coming off of another record-breaking year in 2018, with 430 deals, the industry has amazingly surpassed that level of activity, by a whopping 5%. That’s what a lot of cheap capital can do. A busy fourth quarter pushed the sector to that unprecedented total, with 110 deals announced. As has historically been the case, private senior care providers made up the majority of buyers, accounting for nearly 50% of all Q4 acquisitions. REITs and real estate investment... Read More »
Ensign Expands in North Texas
The Ensign Group grew its skilled nursing portfolio by five facilities in two separate transactions, bringing its total holdings to 213 skilled nursing properties in 13 states. The larger transaction consisted of the operations of four facilities in North Texas that will be subject to long-term, triple-net leases and purchase options following year-five of the lease. Included in the purchase was a facility in Wills Point with 112 skilled nursing and 72 assisted living beds, a 190-bed SNF in Rockwall, a 150-bed facility in Rowlett and a 126-bed facility in Waxahachie. The properties will complement Ensign’s other operations in the Dallas market. Keystone Care LLC, Ensign’s Texas-based... Read More » The Ensign Group Acquires Again
The Ensign Group has been one of the most prolific acquirers in the senior care sector, and they have no intention of stopping. The company just announced a series of acquisitions in Texas for a total of six skilled nursing facilities with 794 beds. In one group, the facilities included a 110-bed SNF in Harlingen, a 146-bed facility in Keller, and a 162-bed nursing facility in New Braunfels. Both the operations and the real estate were purchased. The acquisitions were all effective November 1. In separate transactions on the same day, Ensign bought the real estate and operations of three skilled nursing facilities in San Antonio with a total of 376 beds. These also closed effective... Read More »