Navigation Links
The Ensign Group Acquires Three Utah Skilled Nursing Facilities

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 operationally accretive to earnings starting in 2010. Ensign purchased the Utah facilities with a combination of cash and seller financing.

Ensign also acquired Golden Acres, a 22-acre skilled nursing and independent living campus in Dallas, Texas on October 1. The Golden Acres acquisition included a profitable and well-regarded hospice business, Custom Care Hospice. Although many Ensign facilities offer hospice services through third-party agencies, this is the first time Ensign has engaged in the hospice business itself.

Ensign also allowed the lease on one of its Arizona assisted living facilities to expire, turning the operation over to a new tenant effective October 1, 2009. An Ensign affiliate had operated Greenfields Assisted Living in Mesa, Arizona since 1999. The lease expiration at Greenfields leaves Ensign with two assisted living facilities in the Phoenix metropolitan area, and will be slightly accretive.

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 and one lease expiration bring Ensign's growing portfolio to 73 facilities, 42 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 73 facilities in California, Arizona, Texas, Washington, Utah, Idaho and Colorado. More information about Ensign is available at

SOURCE The Ensign Group, Inc.

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

Related medicine news :

1. The Ensign Group Acquires Dallas Skilled Nursing Campus and Hospice Business
2. The Ensign Group, Inc. Declares Quarterly Dividend
3. The Ensign Group Reports Second Quarter 2009 Earnings of $0.39 per Share; Reaffirms 2009 EPS Guidance
4. The Ensign Group Announces Appointment of Healthcare Industry Leader to Board of Directors
5. The Ensign Group Declares Quarterly Dividend
6. The Ensign Group Announces the Retirement of CFO Alan J. Norman; Names Suzanne D. Snapper as New Chief Financial Officer
7. The Ensign Group to Present at the Eighth Annual JMP Securities Research Conference on May 19th
8. The Ensign Group Reports First Quarter 2009 Earnings of $0.38 per Share; Reaffirms 2009 Guidance
9. The Ensign Group Schedules First Quarter 2009 Earnings Call for Thursday, May 7, 2009
10. The Ensign Group Successfully Graduates Third Nursing Home From CMS Special Focus Program
11. The Ensign Group Declares Quarterly Dividend
Post Your Comments:
(Date:11/25/2015)... ... November 25, 2015 , ... ... athletic programs, launches new Wimbledon Athletics Facebook page to educate the ... for unsuspected cardiac abnormalities. About 2,000 people under the age of 25 die ...
(Date:11/25/2015)... IL (PRWEB) , ... November 25, 2015 , ... On ... assets of Tri Lite’s personal heating products business. Cozy Products explains what ... personal heaters that fit in well with the Cozy Products business model: to sell ...
(Date:11/25/2015)... ... 25, 2015 , ... SCOTTSDALE, AZ) - Today, Dr. ... both surgical and non-surgical treatments, announced the expansion of his private practice capabilities ... , Highly trained and nationally recognized for his natural approach, Dr. Todd ...
(Date:11/25/2015)... ... November 25, 2015 , ... Brillianteen, ... friendships, and learning in its 65th Anniversary Brillianteen Revue, scheduled for March 4-6, ... , For 65 years, Brillianteen has been a treasured tradition for numerous families ...
(Date:11/25/2015)... ... November 25, 2015 , ... “While riding the bus, I saw a ... “I thought there had to be a convenient and comfortable way to protect them ... enables disabled individuals to safely travel during cold or inclement weather. In doing so, ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... UTRECHT , Nederland, November 26, 2015 ... --> Een nieuwe aanpak combineert ... van gevorderde kanker. ... -->      (Photo: ... van het Leids Universitair Medisch Centrum (LUMC) ...
(Date:11/26/2015)... , November 26, 2015 3D bioprinting ... 2022, according to a new report by Grand View Research ... Disease (CKD) which demands kidney transplantation is expected to boost ... effective substitute for organ transplantation. --> 3D bioprinting ... 2022, according to a new report by Grand View Research ...
(Date:11/26/2015)... 26, 2015 ... of the  "2016 Future Horizons and ... Surface Testing Market: Supplier Shares, Competitive ... offering.  --> ) ... "2016 Future Horizons and Growth Strategies ...
Breaking Medicine Technology: