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May 13, 2014
06:18 EDTENSGEnsign Group board approved separation of healthcare and real estate businesses
Ensign Group announced that its board has approved the separation of its healthcare business and its real estate business into two separate and independent publicly traded companies: The Ensign Group, which will continue to acquire real estate and provide healthcare services through its existing and future operations; and CareTrust REIT, Inc., which will own, acquire and lease real estate serving the healthcare industry. Ensign will effect the separation through a spin-off in which it will distribute all of the outstanding shares of CareTrust common stock to Ensign's stockholders on a pro rata basis. The distribution will be made to Ensign stockholders of record as of 5:00 p.m., Eastern time, on May 22, the record date for the distribution. The spin-off will be effective from and after June 1, and shares are expected to be distributed on June 2.
News For ENSG From The Last 14 Days
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March 27, 2015
10:03 EDTENSGOn The Fly: Analyst Upgrade Summary
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05:46 EDTENSGEnsign Group upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Ensign Group to Outperform saying the company is well positioned to grow through acquisitions following the secondary share issuance. Wells raised its price target range for shares to $50-$55 from $38-$42.

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