Blueprint Handles Not-For-Profit Sale to The Ensign Group
According to its second quarter earnings report, The Ensign Group certainly defied expectations for the rest of the senior care industry and has been performing relatively well lately. The company also announced its acquisition of a CCRC in Tempe, Arizona, which we’ve learned Blueprint Healthcare Real Estate Advisors helped facilitate. Previously owned and operated by Volunteers of America Senior Living, a large not-for-profit with over 20 communities in its portfolio, the campus includes a 62-bed skilled nursing facility and a senior living community with 90 independent living and 72 assisted living units. The community has a 40-year history in the Tempe market and maintained a good... Read More »
The Ensign Group Hits Record, Raises Guidance
We didn’t expect much positive news from the plethora of earnings announcements coming out these two weeks, but The Ensign Group defied expectations by achieving its highest adjusted earnings per share in its history of $0.78, an increase of 100% over the second quarter of 2019 and slightly above the previous record-setting Q1:20. The operator also raised its 2020 annual earnings guidance to $3.00-$3.10 per diluted share, up from the previous guidance of $2.50-$2.58. The news sent its share price soaring from $48.68 at close on August 5 to $57.99 on heavy volume on August 6 and even higher to $58.32 on August 7. Ensign also announced that it has returned all of the PPP... Read More »
The Ensign Group Acquires Arizona Senior Care Campus
The Ensign Group acquired a senior care campus with a variety of post-acute services, including physical, occupational and speech therapies and other rehabilitative and healthcare services in addition to assisted living. Located in Tempe, Arizona, the campus includes a 62-bed skilled nursing facility and a senior living community with 72 assisted living and 90 independent living units. This was the first acquisition for usually active Ensign since the onset of COVID-19. Plus, the provider acquired both the real estate and operations at the property, furthering its strategy to own more of the real estate across its portfolio of 226 healthcare facilities. Right now, Ensign owns the real... Read More »
Genesis HealthCare Sees Share Value Rebound
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 of Covid-19 have been confirmed (81 residents, 34 staff members and 14 visitors) and 35 people have died (more than half of the state’s total), has also colored the image of SNFs in this situation, probably contributing to the flight of capital from the sector’s stocks. During the massive... Read More »Schedule a demo
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