Gold prices steady ahead of Fed decision, Trump’s tariff deadline
SAN JUAN CAPISTRANO - The Ensign Group, Inc. (NASDAQ:ENSG), a healthcare services provider with a market capitalization of $8.6 billion and strong financial health according to InvestingPro metrics, announced Wednesday it has acquired the real estate of two skilled nursing facilities through its captive real estate company, Standard Bearer Healthcare REIT, Inc.
The company purchased the real estate of Duncanville Healthcare and Rehabilitation Center, a 124-bed skilled nursing facility in Duncanville, Texas. This property will be operated by a third-party operator under a long-term triple net lease.
In a separate transaction on the same day, Ensign acquired both the real estate and operations of Timber Springs Transitional Care, a 120-bed skilled nursing facility in Boise, Idaho. While Standard Bearer acquired the real estate, an Ensign-affiliated tenant will operate the facility.
"We identified this facility and operating partner as tremendous fits for our organization," said Chad Keetch, Ensign’s Chief Investment Officer, referring to the Texas acquisition.
Both transactions became effective July 1, 2025. With these additions, Ensign’s portfolio now encompasses 348 healthcare operations across 17 states, including 44 senior living operations. The company’s real estate subsidiary now owns 146 healthcare properties.
The Ensign Group provides skilled nursing and senior living services, rehabilitation therapies, and other healthcare services through its network of independent operating subsidiaries.
This information is based on a company press release statement. For comprehensive analysis and additional insights about Ensign Group’s performance, including 12 more exclusive ProTips and detailed financial metrics, visit InvestingPro.
In other recent news, The Ensign Group reported its first-quarter 2025 earnings, surpassing Wall Street expectations with an adjusted earnings per share of $1.52, compared to the projected $1.49. The company achieved a revenue of $1.2 billion, marking a 16.1% year-over-year increase and aligning with projections. Ensign Group has also expanded its operations by acquiring three skilled nursing facilities, including Toluca Lake Transitional Care in California and two facilities in Idaho, effective June 1, 2025. These additions bring Ensign’s total operations to 347 healthcare facilities across 17 states. Additionally, Ensign Group announced a leadership transition, with CEO Barry R. Port set to succeed Christopher Christensen as Chair of the Board of Directors in September 2025. In another development, CFO Suzanne D. Snapper of Ensign Group has been appointed as a board director for The Pennant Group. The company has expressed enthusiasm for continued growth and expansion, particularly in the Coeur d’Alene area of Idaho and other new markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.