Ensign Acquires Colorado SNF Portfolio
The Ensign Group made its second acquisition of the year, adding the operations of three skilled nursing facilities in Colorado to its growing portfolio. The deal included a 140-bed facility in Boulder, a 76-bed in Berthoud and a 106-bed facility in Denver. Ensign entered into a long-term, triple net lease through its Colorado-based subsidiary, Endura Healthcare, effective April 1. That brings Ensign’s portfolio to 235 healthcare operations, 22 of which also include assisted living operations, across 13 states. Ensign also owns the real estate at 94 locations. Earlier this year, the provider acquired the operations of a skilled nursing facility in San Antonio, Texas.... Read More »
CareTrust REIT Adds Skilled Nursing Portfolio
The skilled nursing portfolio deals keep on coming, this time from a familiar source. CareTrust REIT announced its acquisition of four skilled nursing facilities in Texas, around the Dallas-Fort Worth metro area. Totaling 554 skilled nursing beds and 24 assisted living beds, they are currently leased to operating affiliates of The Ensign Group, and have been since Ensign took over operations more than a year ago from Senior Care Centers, which was going through bankruptcy proceedings at the time. The facilities include Beacon Harbor Healthcare & Rehabilitation in Rockwall, Rowlett Health & Rehabilitation Center in Rowlett, Crestwood Health & Rehabilitation in Wills Point and... Read More »
The Pennant Group Swinging For The Pennant
We don’t know what is in the water out west (well, yes, we do) that makes The Pennant Group and its former parent, The Ensign Group, so successful. As readers know, Ensign returned the federal CARES Act funds they had received and posted another good quarter. Taking in COVID patients at its nursing facilities, and the higher rates that come with that, certainly helped. But the spin-off Pennant Group also had a solid quarter, when its seniors housing friends did not fare as well. But Pennant’s home health and hospice business performed quite well, as did most of that sector, benefitting from the desire to be treated at home when institutional care seemed a... Read More »
Ensign Acquires Former Omega Healthcare Investors SNF
The Ensign Group acquired a skilled nursing facility in Amarillo, Texas, picking up both the real estate and operations in the deal. Featuring 82 beds, the facility was formerly owned by Omega Healthcare Investors, which acquired it in a portfolio deal in June 2010. It was part of the 57-facility portfolio operated by Daybreak Venture, LLC that OHI was in the process of divesting after Daybreak paid less than $1 million in rent in the third and fourth quarters of 2019. This Amarillo location was just 45% occupied at the time of the sale. Ensign paid an undisclosed sum for the property and will rename it The Medical Lodge of Amarillo. Its subsidiary Keystone Care LLC will take over... Read More »Schedule a demo
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