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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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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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