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Stock Market & Financial Investment News

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July 17, 2014
06:22 EDTENSGEnsign Group to acquire Keiro Nursing Home
Ensign Group announced that it has agreed to purchase Keiro Nursing Home, a 300-bed skilled nursing facility in Lincoln Heights; South Bay Keiro Nursing Home, a 98-bed skilled nursing facility in Gardena; Keiro Retirement Home, a 127-unit assisted living facility on a senior living campus in Boyle Heights; and Keiro Intermediate Care Facility, a 90-bed intermediate care facility also located on the Boyle Heights campus.The facilities will be purchased with cash and will be operated by Ensign's California-based subsidiaries. The acquisition is expected to be effective in the fourth quarter of 2014 and remains subject to the completion of certain regulatory approvals and other closing conditions.
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