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Stock Market & Financial Investment News

News Breaks
August 4, 2014
17:04 EDTENSGEnsign Group acquires Angeles Home Health Care in cash
The Ensign Group announced that it has acquired Angeles Home Health Care located in California. Angeles will be operated by Cornerstone Healthcare Inc., Ensign's home health and hospice operating company. The purchase was made with cash, and brings Ensign's growing portfolio to eleven home health agencies and nine hospices, across nine states. Ensign expects the newly-acquired agency to be mildly accretive to earnings in 2014. 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.
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