This covers all news, acquisitions, financings and strategies involving The Ensign Group, in regard to seniors housing and care M&A.
One of the reasons big seniors housing and senior care operators (by big, we mean Brookdale– or HCR ManorCare-big) so often run into problems is that the business is difficult to scale. It is still largely a local business, with the Executive Directors and Marketing/Sales Directors responsible for filling units and maximizing cash flow. When […]
As we were watching the share price of Capital Senior Living drop for several days in a row before announcing their fourth quarter earnings results, we were wondering whether something had leaked out, or whether it was the usual sell off because the company had underperformed relative to expectations for too many quarters in a […]
Empowering your Executive Directors may be the way to go. I finally found out the secret sauce for success in the senior care market, at least for The Ensign Group. It is called empowerment. Simplistically, the home office does not interfere with the operations at each local community. Other than property, casualty and health insurance, […]
The Ensign Group started off 2019 with a skilled nursing acquisition right in its wheelhouse. Located in southwest Utah, in the town of Cedar City, this 120-bed skilled nursing facility was just 50% occupied at the time of sale. That kind of turnaround opportunity seems to be Ensign’s specialty. Indeed, occupancy at its last couple […]
Last month, The Ensign Group announced its acquisition of a CCRC in Ottawa, Kansas, but now it’s been revealed that Ben Firestone and Michael Segal of Blueprint Healthcare Real Estate Advisors represented the not-for-profit faith-based seller. Headquartered in the Midwest, the previous owner decided to divest the property because it was its only asset in […]
We are always looking for a glimmer of optimism in the quarterly earnings reports for publicly traded seniors housing and care companies, and sometimes we find it. One only has to look at The Ensign Group, which has a mix of skilled nursing and seniors housing. Everything seems to be moving up at Ensign. GAAP […]
The temperatures have dropped, and The Ensign Group has announced a flurry of acquisitions across the country to start off November. The largest of the deals involved four senior living communities in the Dallas-Fort Worth, Texas area. Averaging 84% occupancy, the portfolio featured a majority of memory care units (150), with 53 assisted living and […]
Amid the deal frenzy at the start of October, the ever-prolific Ensign Group (NASDAQ: ENSG) added another seniors housing community to its portfolio. Located in Las Vegas, Nevada, the community features 53 assisted living and 20 memory care units. Occupancy was just 74%, but that is typical for an Ensign acquisition. Its subsidiary, Bridgestone Living, […]
There are a lot of people who do not believe seniors housing and care companies should be publicly traded. It is not appropriate to try to manage quarterly revenues and profits when you are taking care of older, frail residents. And don’t forget the earnings disruptions that can be caused by new developments and the […]
The Ensign Group picked up a struggling skilled nursing facility in Idaho, taking over both the operations and real estate. The 40-bed skilled nursing facility is located in the resort town of McCall (situated on Payette Lake) in western Idaho. Previously operated by Tanabell Health Services, it was just 70% occupied at the time of […]