Navigation Links
The Ensign Group Acquires California Skilled Nursing Facility
Date:1/5/2009

SAN LUIS OBISPO, Calif., Jan. 5 /PRNewswire-FirstCall/ -- The Ensign Group, Inc. (Nasdaq: ENSG), announced today that it has acquired Cabrillo Care Center, a 156-bed skilled nursing facility in San Luis Obispo, California. The transfer was effective January 1, 2009. The facility has been renamed Cabrillo Rehabilitation & Care Center.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071213/LATH168LOGO )

"We are excited to extend our growing footprint into California's Central Coast area, and are especially pleased to be joining San Luis Obispo's vibrant and well-regarded healthcare community," said Christopher Christensen, Ensign's President and Chief Executive Officer. He added that Ensign expects the newly-acquired facility, which had an occupancy rate of 58% at acquisition, to be accretive to earnings in 2009.

An Ensign operating subsidiary assumed the property's existing lease from a long-time operator who is retiring. John Albrechtsen, President of the Ensign subsidiary that will include Cabrillo, noted that the facility has an outstanding history of clinical quality, a stable long-term staff and an excellent reputation in the community. "We are pleased that the former operator would entrust his legacy of excellence to us, and we expect to grow and enhance that legacy as a key part of the San Luis Obispo community going forward," he added.

A multi-disciplinary transition team took over the operation in the early morning hours New Year's Eve. Among other things, the facility's local leaders will be adjusting clinical systems and staff to serve a larger skilled nursing population. Renovations and other building improvements are also planned.

Mr. Christensen reconfirmed that the company is actively seeking additional opportunities to acquire both well-performing and struggling long-term care operations across the Western United States. The Cabrillo acquisition, along with the acquisition of a 150-bed skilled nursing facility in Lufkin, Texas that occurred at the same time, brings Ensign's growing portfolio to 65 facilities, 33 of which are Ensign-owned. Ensign affiliates hold purchase options on nine of the 32 leased facilities.

About Ensign(TM)

The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, and other rehabilitative and healthcare services for both long-term residents and short-stay rehabilitation patients at 65 facilities in California, Arizona, Texas, Washington, Utah and Idaho. More information about Ensign is available at http://www.ensigngroup.net.


'/>"/>
SOURCE The Ensign Group, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. The Ensign Group, Inc. Acquires Utah Skilled Nursing Facility
2. The Ensign Group Successfully Graduates Second Nursing Home From CMS Special Focus Program
3. The Ensign Group to Present at the Oppenheimer 19th Annual Healthcare Conference
4. The Ensign Group, Inc. Reports Third Quarter 2008 Earnings; Reaffirms 2008 Guidance
5. The Ensign Group, Inc. Acquires Four Skilled Nursing Facilities
6. The Ensign Group Schedules 2008 Third Quarter Earnings Call for Friday, October 31, 2008
7. The Ensign Group, Inc. Reports Second Quarter 2008 Earnings of $.32 per Diluted Share and Raises 2008 Guidance
8. The Ensign Group Schedules 2008 Second Quarter Earnings Call for Thursday, August 7, 2008
9. The Ensign Group to Present at the FBR Capital Markets 12th Annual Spring Investor Conference on May 29th
10. The Ensign Group, Inc. Acquires Utah Skilled Nursing Facility
11. The Ensign Group, Inc. Reports First Quarter 2008 Earnings
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... June 27, 2016 , ... Quality metrics are proliferating in cancer care, ... remain in the eye of the beholder, according to experts who offered insights and ... Journal of Managed Care. For the full issue, click here . , For ...
(Date:6/26/2016)... , ... June 26, 2016 , ... Pixel Film Studios ... X. , "Film editors can give their videos a whole new perspective by using ... - CEO of Pixel Film Studios. , ProSlice Levels contains over 30 Different ...
(Date:6/26/2016)... NC (PRWEB) , ... June 26, 2016 , ... Brent Kasmer, a legally blind and ... to be personalized through a fitness app. The fitness app plans to fix the two ... currently only offer a one size fits all type program , They don’t ...
(Date:6/25/2016)... ... June 25, 2016 , ... Experts ... applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the Hynes Convention ... health care topics including advance care planning, healthcare costs and patient and family ...
(Date:6/25/2016)... Miami, FL (PRWEB) , ... June 25, 2016 , ... The temporary closing of Bruton ... Plant City Observer , brings up a new, often overlooked aspect of head lice: ... The closing for fumigation is not a common occurrence, but a necessary one in the ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... -- Dehaier Medical Systems Ltd. (NASDAQ: DHRM ... sells medical devices and wearable sleep respiratory products in ... agreement with Hongyuan Supply Chain Management Co., Ltd. (hereinafter ... 2016, to develop Dehaier,s new Internet medical technology business. ... leverage Hongyuan Supply Chain,s sales platform to reach Dehaier,s ...
(Date:6/24/2016)... , June 24, 2016 ... Market by Type (Standard Pen Needles, Safety Pen Needles), ... (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) ... MarketsandMarkets, This report studies the market for the forecast ... to reach USD 2.81 Billion by 2021 from USD ...
(Date:6/24/2016)... 24, 2016  Arkis BioSciences, a leading innovator ... more durable cerebrospinal fluid treatments, today announced it ... funding is led by Innova Memphis, followed by ... private investors.  Arkis, new financing will accelerate the ... market release of its in-licensed Endexo® technology. ...
Breaking Medicine Technology: