The Ensign Group, Inc. acquired Operations of Hillside Village of De Soto Rehabilitation and Nursing Center.
May 30, 2024
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The Ensign Group, Inc. (NasdaqGS:ENSG) acquired Operations of Hillside Village of De Soto Rehabilitation and Nursing Center on May 1, 2024. CareTrust REIT, Inc. (NYSE:CTRE) funded a $26.7 million mortgage loan in connection with the Ensign's acquisition. The loan is secured by a first priority lien on the borrowers? ownership interest in the real estate and carries a seven-year maturity with one, 12-month extension and an annual interest rate of 9.10%. The investment was funded using cash on hand.
The Ensign Group, Inc. (NasdaqGS:ENSG) completed the acquisition of Operations of Hillside Village of De Soto Rehabilitation and Nursing Center on May 1, 2024.
The Ensign Group, Inc. is a holding company, with independent subsidiaries that provide skilled nursing, senior living and rehabilitative services, as well as other ancillary businesses (including mobile diagnostics and medical transportation). Its segments include skilled services and Standard Bearer. Skilled services segment includes the operation of skilled nursing facilities and rehabilitation therapy services. Standard Bearer segment consists of select properties owned by the Company through its real estate investment trust and leased to skilled nursing and senior living operations, including its own operating subsidiaries and third-party operators. It offers services at 310 healthcare facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. It also acquires, leases and owns healthcare real estate to service the post-acute care continuum through acquisition and investment opportunities.
THE ENSIGN GROUP, INC. 
