SALT LAKE CITY, Oct. 7 /PRNewswire-FirstCall/ -- The Ensign Group, Inc. (Nasdaq: ENSG), announced today that it has acquired three Utah skilled nursing facilities, South Valley Care Center in West Jordan, a suburb of Salt Lake City, Rock Canyon Rehab & Care Center in Provo, and Castle Country Care Center in Price. The acquisitions were effective October 1, 2009.
"These strategic acquisitions offer tremendous potential operating synergies for Ensign's existing operational base in Utah," said Derek Gasser of Ensign's Utah-based Milestone Healthcare subsidiary. He added that staff, resident and community response to Ensign's acquisition of the facilities has been overwhelmingly positive.
Mr. Gasser noted that the physical plants are in superior condition, and the locations provide an excellent fit with Ensign's existing operations in Utah. The Price facility, with 80 operating beds, is one of only two skilled nursing facilities within a 50-mile radius. The West Jordan facility, with 116 operating skilled nursing beds, and the Provo facility, with 200 operating skilled nursing beds, are both located directly across the street from large hospitals.
The three Utah facilities were acquired from a family that had operated them for many years. "We are pleased that the former owners would entrust their life's work to us, and we are committed to growing and enhancing what they've built," said Christopher Christensen, Ensign's President and Chief Executive Officer. He added that Ensign expects the three facilities, which had a combined occupancy rate of approximately 48% at acquisition, to be operat
|SOURCE The Ensign Group, Inc.|
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