The Ensign Group, Inc. Reports Third Quarter 2008 Earnings; Reaffirms 200... ( Conference Call and Webcast Schedule...)

The Ensign Group, Inc. Reports Third Quarter 2008 Earnings; Reaffirms 2008 Guidance

Date:10/30/2008

Conference Call and Webcast Scheduled for October 31, 2008 at 11:30 am ET

MISSION VIEJO, Calif., Oct. 30 /PRNewswire-FirstCall/ -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of skilled nursing, rehabilitative care services and assisted living companies, today reported record results for the third quarter of fiscal year 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071213/LATH168LOGO)

Third Quarter Highlights Include:

-- Total revenue was a record $116.3 million, up 11.8% over the third

quarter of 2007; and organic revenue was $113.5 million, up 9.8% over

the prior year;

-- Skilled revenue for the quarter increased 24.6% over the prior year to

$51.4 million, as skilled mix improved 460 basis points to 46.3%;

-- EBITDA improved 45.6% in the quarter to $14.2 million, compared to

$9.7 million in 2007;

-- Consolidated net income for the quarter was a record $6.8 million,

compared to $4.5 million the year before, an overall improvement of

52.2%; and

-- The Company had $56.4 million in cash at quarter end, which included

$35.6 million in year-to-date cash flow from operations, a 224.0%

increase over cash flow from operations for the first nine months of

2007 of $11.0 million.

Operating Results

Commenting on the results, Ensign President and Chief Executive Officer Christopher Christensen said, "Despite the economic downturn, we are pleased to report that we have quickly adjusted to achieve the highest revenue and earnings in the third quarter we've ever posted."

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The Ensign Group, Inc. Reports Third Quarter 2008 Earnings; Reaffirms 200...( Conference Call and Webcast Schedule...),Health