Health & Fitness
Fri, September 9, 2011Thu, September 8, 2011Wed, September 7, 2011Tue, September 6, 2011Mon, September 5, 2011Sun, September 4, 2011Sat, September 3, 2011Fri, September 2, 2011Thu, September 1, 2011Wed, August 31, 2011Tue, August 30, 2011Mon, August 29, 2011Fri, August 26, 2011Thu, August 25, 2011Wed, August 24, 2011Tue, August 23, 2011Mon, August 22, 2011Sat, August 20, 2011Fri, August 19, 2011Thu, August 18, 2011Wed, August 17, 2011Tue, August 16, 2011Mon, August 15, 2011Fri, August 12, 2011Thu, August 11, 2011Wed, August 10, 2011Tue, August 9, 2011Mon, August 8, 2011Sun, August 7, 2011Sat, August 6, 2011Fri, August 5, 2011The Ensign Group Exercises Purchase Options on Two California Skilled Nursing Facilities
Published in Health and Fitness on Tuesday, August 23rd 2011 at 18:00 GMT by Market Wire
The Ensign Group Exercises Purchase Options on Two California Skilled Nursing... -- MISSION VIEJO, Calif., Aug. 23, 2011 /PRNewswire/ --
The Ensign Group Exercises Purchase Options on Two California Skilled Nursing Facilities
MISSION VIEJO, Calif., Aug. 23, 2011 /PRNewswire/ -- The Ensign Group, Inc. (Nasdaq: [ ENSG ]), announced today that it has acquired the underlying real estate and other operating assets of Whittier Hills Healthcare Center, a 160-bed skilled nursing facility in Whittier, California and Ukiah Healthcare Center, a 57-bed skilled nursing facility in Ukiah, California. Ensign subsidiaries have been operating the facilities since July of 2000 and January of 2002, respectively, under leases with an option to purchase. The acquisitions were effective August 23, 2011.
(Logo: [ http://photos.prnewswire.com/prnh/20071213/LATH168LOGO ])
"These purchases reflect our deep and long-term commitment to these two communities in particular, and to the state of California generally," said Christopher Christensen, Ensign's President and Chief Executive Officer. He added that these facilities are among Ensign's more mature operations and that he expects these facilities to continue to build on the outstanding reputations they have developed in the markets they serve.
The purchases were made with cash and bring Ensign's growing portfolio to 99 healthcare facilities, 72 of which are Ensign-owned, three hospice companies and three home health businesses across 10 states. Ensign affiliates hold purchase options on six of its 27 leased facilities. Mr. Christensen reaffirmed that Ensign is actively seeking additional opportunities to acquire both well-performing and struggling skilled nursing operations across the United States.
About Ensign™
The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, home health and hospice services, and other rehabilitative and healthcare services for both long-term residents and short-stay rehabilitation patients at 99 facilities, three hospice companies and three home health businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa and Nebraska. More information about Ensign is available at [ http://www.ensigngroup.net ].
SOURCE The Ensign Group, Inc.
[ Back to top ] RELATED LINKS
[ http://www.ensigngroup.net ]
