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Stock Market & Financial Investment News

News Breaks
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.
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July 17, 2014
06:22 EDTENSGEnsign Group to acquire Keiro Nursing Home
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July 15, 2014
16:17 EDTENSGEnsign Group acquires Colorado based hospice agency
The Ensign Group announced that it has acquired Namaste Hospice located in Denver, Colorado. Namaste will be operated by Cornerstone Healthcare, Ensign's home health and hospice operating company.The purchase was made with cash, and brings Ensign's growing portfolio to ten home health agencies and nine hospices, across nine states. Ensign expects the newly-acquired agency to be mildly accretive to earnings in 2014. CEO Christopher Christensen reaffirmed that Ensign is actively seeking additional opportunities to acquire both well-performing and struggling home health and hospice operations across the U.S.
16:13 EDTENSGEnsign Group files automatic mixed securities shelf

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