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

LUFKIN, Texas, Jan. 5 /PRNewswire-FirstCall/ -- The Ensign Group, Inc. (Nasdaq: ENSG), announced today that it has acquired Southland Healthcare Center, a 150-bed skilled nursing facility in Lufkin, Texas. The transfer was effective January 1, 2009. The facility has been renamed Southland Rehabilitation & Healthcare Center.

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

"This is a strategic acquisition, and adds to our growing critical mass in the important East Texas area," said Christopher Christensen, Ensign's President and Chief Executive Officer, noting that Southland is only 45 minutes from Ensign's successful Timberwood Nursing & Rehabilitation Center in nearby Livingston, Texas. He added that Ensign expects the newly-acquired facility, which had an occupancy rate of 56% at acquisition, to be accretive to earnings in 2009.

Ensign purchased the facility from an out-of-state operator who acquired the property in November 2006. Barry Port, President of the Ensign subsidiary that will include Southland, noted that the physical plant is in good condition and includes 18 highly-desirable private suites. He also noted that the operation is in good condition, adding, "We look forward to being a key addition to the Lufkin area's healthcare community, and to building upon the solid foundation that Southland's outstanding staff has established there."

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

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 Southland acquisition, along with the acquisition of a 156-bed skilled nursing facility in San Luis Obispo, California 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. to Announce Third Quarter 2007 Financial Results
2. The Ensign Group, Inc. Acquires Assets of Three Previously Leased Facilities
3. The Ensign Group, Inc. Reports Third Quarter 2007 Earnings
4. The Ensign Group, Inc. Announces the Appointment of Covey C. Christensen as President of Its Flagstone Subsidiary
5. The Ensign Group Successfully Graduates Troubled Nursing Home from CMS Special Focus Facility Program
6. The Ensign Group Establishes $50 Million Credit Facility with GE Healthcare Financial Services
7. The Ensign Groups Year-End Conference Call Scheduled for Friday, March 7, 2008
8. The Ensign Group, Inc. Reports Fourth Quarter 2007 Earnings
9. The Ensign Group Schedules 2008 First Quarter Earnings Call for Thursday, May 8, 2008
10. The Ensign Group, Inc. Reports First Quarter 2008 Earnings
11. The Ensign Group, Inc. Acquires Utah Skilled Nursing Facility
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... ... June 27, 2016 , ... TherapySites, the leading ... with Tennessee Counseling Association. This new relationship allows TherapySites to continue ... Association, adding exclusive benefits and promotional offers. , "TCA is extremely excited about ...
(Date:6/27/2016)... (PRWEB) , ... June 27, 2016 , ... ... cutting edge technology to revolutionize the emergency ambulance transport experience for the millions ... aware of how Uber has disrupted the taxi industry through the use of ...
(Date:6/26/2016)... PLAINSBORO, N.J. (PRWEB) , ... June 27, 2016 , ... ... same sources, yet in many ways they remain in the eye of the beholder, ... Oncology (EBO), a publication of The American Journal of Managed Care. For the full ...
(Date:6/26/2016)... Aliso Viejo, California (PRWEB) , ... June 26, 2016 , ... ... for Final Cut Pro X. , "Film editors can give their videos a whole ... artistically," said Christina Austin - CEO of Pixel Film Studios. , ProSlice Levels ...
(Date:6/26/2016)... ... ... Kasmer, a legally blind and certified personal trainer is helping to develop a weight loss ... plans to fix the two major problems leading the fitness industry today:, ... , They don’t eliminate all the reasons people quit their exercise program ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... , June 23, 2016 Revolutionary ... Oticon , industry leaders in advanced audiology ... of Oticon Opn ™, the world,s first internet ... possibilities for IoT devices.      (Photo: ... introduces a number of ,world firsts,: , ...
(Date:6/23/2016)... Research and Markets has announced the addition ... States, China, Japan, Brazil, United Kingdom, Germany, France, Italy, ... Surgical Procedure Volumes: Global ... surgical procedure volume data in a geographic context. The ... of growth drivers and inhibitors, including world population growth, ...
(Date:6/23/2016)... WASHINGTON , June 23, 2016  The ... Pharmaceuticals has joined the health policy research organization ... Steven Romano , MD, senior vice president and ... his company,s representative on the NPC Board of ... are pleased that Mallinckrodt has joined us in ...
Breaking Medicine Technology: