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:8/22/2017)... AREA, CA (PRWEB) , ... August 22, 2017 ... ... an accessible luxurious collection of unique masks and serums that perfectly fuse the ... skin care advancements, at the 2017 Indie Beauty Expo on August 23rd & ...
(Date:8/22/2017)... Davis, California (PRWEB) , ... August 22, 2017 ... ... implies that the key to good health is as simple as eating healthy ... to food—whether it be storing fat, making insulin, or breaking apart carbohydrates—depends not ...
(Date:8/22/2017)... ... August 22, 2017 , ... Pivot ... addition of Zack Tisch as the firm’s new Consulting Services Executive. Mr. Tisch ... firm’s national accounts, from assisting clients with initial vendor selection and pre-implementation planning ...
(Date:8/22/2017)... ... August 22, 2017 , ... GeBBS ... recently the availability of a new professional fee E/M leveling calculator tool. The ... to the healthcare industry. E/M coding is complex which supports the need for ...
(Date:8/22/2017)... (PRWEB) , ... August 22, 2017 , ... Five Star Glass is new to the ... repair and replacement of auto glass for most makes and models, in Grand Prairie, TX, ... USA. , They have been a family owned business for the past 40 years ...
Breaking Medicine News(10 mins):
(Date:8/15/2017)... 15, 2017   Mostyn Law and Gulf Coast Regional ... Texas . The Mostyn Law family has had ... That is why Mostyn Law is partnering with Gulf ... show its appreciation. Blood supplies are running low. Gulf ... of hospital needs in August. That is why the blood center ...
(Date:8/15/2017)... Inc. announced today that its fully owned USA ... York City Office in Yonkers, New York ... (TWO 2 ) homecare therapy. This new East Coast location has ... under the company,s DMEPOS accreditation for Home/Durable Medical Equipment Services. ... Advanced Oxygen Therapy Inc. New ...
(Date:8/8/2017)... Aug. 8, 2017  BioLineRx Ltd. (NASDAQ/TASE: BLRX), a ... reports its financial results for the second quarter ended ... the second quarter 2017 and to date: ... development programs for the Company,s lead project, BL-8040: ... study with BL-8040 as novel stem cell mobilization treatment ...
Breaking Medicine Technology: