Navigation Links
The Ensign Group Acquires Three Texas Skilled Nursing Facilities

McALLEN, Texas, Dec. 3 /PRNewswire-FirstCall/ -- The Ensign Group, Inc. (Nasdaq: ENSG), announced today that it has acquired three Texas skilled nursing facilities: the 93-bed Grand Terrace Rehabilitation & Healthcare Center in McAllen, the 100-bed Alta Vista Rehabilitation & Healthcare in Brownsville; and the 95-bed Veranda Rehabilitation & Healthcare in Harlingen. The acquisitions were effective December 1, 2009.


"These facilities will offer tremendous potential operating synergies as we broaden their current offerings to include higher-acuity services," said Barry Port, President of Ensign's Texas-based Keystone Care subsidiary. He specifically referenced plans to enhance physical, occupational and speech therapy services, as well as to add IV therapy and other services not currently offered in the facilities, over time. He noted that while the former operator had been very good and will be missed, the staff, resident and community response to the new management has been positive.

The three facilities were acquired from The Evangelical Lutheran Good Samaritan Society, the country's largest non-profit provider of senior care and services. Commenting on the sale, the Society's Mark Dickerson said, "The Evangelical Lutheran Good Samaritan Society has been honored to serve the seniors of the Rio Grande Valley for many years. Our prayers and best wishes are with The Ensign Group as they continue our tradition of serving the residents of the Brownsville, Harlingen and McAllen areas."

Mr. Port noted that the three locations provide an excellent fit with Ensign's existing operations in South Texas. All three join Ensign's well-regarded Village Healthcare & Rehabilitation Center in McAllen, which has been serving the Rio Grande Valley since 1969, and has been operated by an Ensign affiliate since 1999.

Christopher Christensen, Ensign's President and Chief Executive Officer, added, "The Valley has been a tremendous part of Ensign's success story, and we couldn't be more pleased to be expanding our service offerings here." He noted that Ensign expects the three facilities, which had a combined occupancy rate of approximately 64% at acquisition, to be operationally accretive to earnings starting in 2010. Ensign purchased the Texas facilities with cash.

Ensign also acquired SunView Care Center, a 127-bed skilled nursing facility in Youngtown, Arizona, a sister community adjacent to Arizona's Sun City retirement community, on December 1st. The Arizona facility was purchased with cash.

Mr. Christensen reaffirmed that Ensign is actively seeking additional opportunities to acquire both well-performing and struggling long-term care operations across the Western United States. The four acquisitions bring Ensign's growing portfolio to 77 facilities, 46 of which are Ensign-owned. Ensign affiliates hold purchase options on nine of the 31 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, hospice services, and other rehabilitative and healthcare services for both long-term residents and short-stay rehabilitation patients at 77 facilities in California, Arizona, Texas, Washington, Utah, Idaho and Colorado. More information about Ensign is available at

About The Evangelical Lutheran Good Samaritan Society

The Evangelical Lutheran Good Samaritan Society, based in Sioux Falls, S.D., is the nation's largest not-for-profit provider of senior care and services, with more than 240 communities in 24 states. The Society's Christian mission is to share God's love in word and deed by providing shelter and supportive services to older persons and others in need, believing that "In Christ's Love, Everyone Is Someone."

SOURCE The Ensign Group, Inc.

SOURCE The Ensign Group, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. The Ensign Group Secures $40 Million Loan From GE Capital, Healthcare Financial Services
2. The Ensign Group Reports Third Quarter 2009 Adjusted Earnings of $0.38 per Share
3. The Ensign Group to Present at Oppenheimer 20th Annual Healthcare Conference
4. The Ensign Group Schedules Third Quarter 2009 Earnings Call for Tuesday, November 3, 2009
5. The Ensign Group Acquires Three Utah Skilled Nursing Facilities
6. The Ensign Group Acquires Dallas Skilled Nursing Campus and Hospice Business
7. The Ensign Group, Inc. Declares Quarterly Dividend
8. The Ensign Group Reports Second Quarter 2009 Earnings of $0.39 per Share; Reaffirms 2009 EPS Guidance
9. The Ensign Group Announces Appointment of Healthcare Industry Leader to Board of Directors
10. The Ensign Group Declares Quarterly Dividend
11. The Ensign Group Announces the Retirement of CFO Alan J. Norman; Names Suzanne D. Snapper as New Chief Financial Officer
Post Your Comments:
(Date:11/30/2015)... ... November 30, 2015 , ... Sikka Software announced today ... Meeting. Their Ecosystem empowers dentists to make complex business decisions by providing the tools ... receive a free fee survey with 10 procedures customized by zip code. , ...
(Date:11/30/2015)... ... 30, 2015 , ... Scott Newman MD, FACS of New ... plastic surgeons in the New York City area to utilize the new, non-invasive ... heat-induced laser treatment for fat loss in the abdomen, flanks, and other areas ...
(Date:11/30/2015)... Atlanta, Georgia (PRWEB) , ... November 30, 2015 ... ... training for healthcare professionals worldwide today released the results of a survey of ... Middle East and Africa found a growing global demand for high quality online ...
(Date:11/30/2015)... Miami, FL (PRWEB) , ... November 30, 2015 ... ... manufacturer and engineer of patented products, announces the Unstoppable Swappables, a household invention ... Window Coverings Industry makes $2 billion a year and is growing at 2.6%," ...
(Date:11/29/2015)... Michigan (PRWEB) , ... November 29, 2015 , ... "I ... games. Things that as a Mother and Wife would love to do, I missed. ... that I just happened to call Dr. Zaidan first. They have changed my life ...
Breaking Medicine News(10 mins):
(Date:11/29/2015)... 29, 2015   Royal Philips  (NYSE: PHG, AEX: ... at the 2015 Radiological Society of North America Annual ... Place in Chicago . Visitors to ... company,s broad portfolio of integrated Diagnostic Imaging, Clinical Informatics, ... clinical performance, improve workflow and create a superior patient ...
(Date:11/29/2015)... Nov. 29, 2015   National Decision Support Company ... client base, including notable statewide implementations. As a ... solution, ACR Select, more than 1 million times ... workflow. ACR Select provides real-time feedback on the ... and has been implemented at over 100 healthcare ...
(Date:11/27/2015)... PHILADELPHIA , Nov. 27, 2015  Lannett ... that it has completed the acquisition of Kremers ... pharmaceuticals subsidiary of global biopharmaceuticals company UCB S.A. ... --> Lannett has acquired KU from UCB ... to certain adjustments, including a customary working capital ...
Breaking Medicine Technology: