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June 3, 2014
06:03 EDTENSGEnsign Group acquires two skilled nursing facilities in Colorado, Washington
Ensign Group announced that it acquired Englewood Post-Acute and Rehabilitation, an 82-bed skilled nursing facility in Englewood, Colorado and Rainier Rehabilitation, a 117-bed skilled nursing facility in Puyallup, Washington. The acquisitions were effective June 1. Ensign is operating Rainier and Englewood under a long-term master lease arrangement. At acquisition, the combined occupancy rate for these two facilities was approximately 71%, and together they are expected to be mildly accretive to earnings in 2014. In a separate transaction on the same day, an Ensign subsidiary also acquired two skilled nursing facilities located in Clintonville, Wisconsin: Pine Manor Healthcare Center, a 95-bed skilled nursing facility and Greentree Health & Rehabilitation Center, a 60-bed skilled nursing facility. The Wisconsin purchases were made with cash and Ensign will retain ownership of the real estate for both facilities.
News For ENSG From The Last 14 Days
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February 23, 2015
09:59 EDTENSGOn The Fly: Analyst Initiation Summary
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06:50 EDTENSGEnsign Group initiated with an Outperform at RBC Capital
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