He also expressed appreciation for lender GE Capital, Healthcare Financial Services. "GE Capital has been and continues to be a strong credit partner, and we are pleased to be expanding and extending that relationship yet again," he said.
Mr. Stapley added that Ensign is actively seeking opportunities to acquire both well-performing and struggling long-term care operations across the Western United States. Ensign's growing portfolio now totals 73 facilities, 42 of which are Ensign-owned and 21 of which are unencumbered, with Ensign affiliates holding purchase options on nine of Ensign's 31 leased facilities.
About The Ensign Group, Inc.
The Ensign Group, Inc.'s operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, hospice services, physical, occupational and speech therapies, and other rehabilitative and healthcare services for both long-term residents and short-stay rehabilitation patients at 73 care facilities in California, Arizona, Texas, Washington, Utah, Idaho and Colorado. Each of these facilities is operated by a separate, wholly-owned independent operating subsidiary that has its own management, employees and assets. References herein to the consolidated "Company" and "its" assets and activities, as well as the use of the terms "we," "us," "its" and similar verbiage are not meant to imply that The Ensign Group, Inc. has direct operating assets, employees or revenue, or that any of the facilities, the Service Center or the captive insurance subsidiary are operated by the same entity. More information about Ensign is available at http://www.ensigngroup.net.
About GE Capital, Healthcare Financial Services
With over $17 billion invested,
|SOURCE The Ensign Group, Inc.|
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