The Ensign Group, Inc. acquired Operations of Midlothian Healthcare Center.
May 30, 2024
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The Ensign Group, Inc. (NasdaqGS:ENSG) acquired Operations of Midlothian Healthcare Center on May 1, 2024. In separate transactions on the same day, Ensign announced that it acquired seven other operations, four of which included real estate assets that were acquired by Standard Bearer. Real Estate and Operations of Spencer Post Acute Rehabilitation Center were also acquired on May 1, 2024. Also, on the same day, Ensign announced that its affiliates acquired the following operations, which will be subject to long-term, triple net leases namely Creekview Health and Rehabilitation, Foothills Transitional Care and Rehabilitation.
The Ensign Group, Inc. (NasdaqGS:ENSG) completed the acquisition of Operations of Midlothian Healthcare 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.