This covers all news, acquisitions, financings and strategies involving The Ensign Group, in regard to seniors housing and care M&A.
It’s no surprise that Genesis HealthCare has seen a significant drop in its share value as a result of Covid-19. The company owns and operates facilities that care for a medically-complex population that is most vulnerable to the virus, which is a huge risk in itself. The horrifying situation at a Life Care Centers facility in Kirkland, Washington, where 129 cases […]
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 […]
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 […]
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 […]
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, […]
Ensign the Energizer Bunny, our pet name for several years now for one of two publicly traded companies that continue to make a GAAP profit, quarter after quarter, did it again. And they did it during what could have been a disruptive third quarter when they spun out their senior living operations and home health […]
The Pennant Group is The Ensign Group‘s latest spin off. If history repeats itself, the new company will succeed. It has been three weeks since The Pennant Group was spun out of The Ensign Group as a separate publicly traded company. This is not Ensign’s first rodeo when it comes to successful spin outs. Five […]
The Ensign Group grew its Pacific Northwest portfolio with the purchase of a 119-bed skilled nursing facility in Rexburg, Idaho (near the Wyoming border). The facility provides speech, physical and occupational therapy, wound care and dialysis care in addition to traditional long-term care. Pennant Healthcare, Inc., Ensign’s portfolio company based in the Pacific Northwest, will […]
Serial acquirer The Ensign Group just announced its 10th senior care acquisition of the year, and 20th since the start of 2018. Its latest target was a 100-bed skilled nursing facility in Surprise, Arizona. Newly built, the facility is the seventh added to Ensign’s Arizona portfolio since 2018 and its 31st overall health care property in the state. As usual for […]
We disclosed last week that activist investor Land & Buildings (L&B) had nominated Jay Flaherty, former CEO of HCP, Inc., and Jonathan Litt (founder of L&B) for board election at the 2019 annual meeting of Brookdale Senior Living. L&B has just sent an open letter to Brookdale shareholders providing more rationale for the election of […]