Oil prices rise on talk of Russia sanctions; bouncing off recent lows
COEUR D’ALENE, Idaho - The Ensign Group, Inc. (NASDAQ:ENSG), a diversified provider of healthcare services with a market capitalization of $8.43 billion, announced today the acquisition of two skilled nursing facilities in Coeur d’Alene, Idaho. The operations of Ironwood Rehabilitation and Care Center, an 80-bed facility, and Lakeside Rehabilitation and Care Center, a 100-bed facility, were acquired effective June 1, 2025. These facilities will operate under a long-term, triple net master lease with a third-party landlord. According to InvestingPro data, Ensign maintains a "GREAT" financial health score, positioning it well for continued expansion.
Barry Port, CEO of The Ensign Group, expressed enthusiasm for the company’s growth in Idaho and the potential for further expansion in the Coeur d’Alene area. Steve Farnsworth, President of Pennant Healthcare LLC, an Ensign subsidiary, emphasized the cultural and operational fit of the new acquisitions and the anticipated smooth transition.
On the same day, Ensign also acquired Toluca Lake Transitional Care, a 52-bed skilled nursing facility in North Hollywood, California. This acquisition is part of a larger transaction involving seven other facilities previously announced in December 2024. The real estate for Toluca Lake Transitional Care will be purchased by Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, pending state regulatory approvals.
These latest acquisitions increase Ensign’s portfolio to 347 healthcare operations, which includes 44 senior living operations, and span across 17 states. Ensign subsidiaries now own 144 real estate assets. Port reaffirmed the company’s ongoing strategy to acquire real estate and lease healthcare operations nationwide. The company’s expansion strategy appears to be paying off, with revenue growing at 14.81% over the last twelve months. InvestingPro analysis reveals 12 additional key insights about Ensign’s growth potential and financial stability.
The Ensign Group’s independent operating subsidiaries provide a range of services including skilled nursing, senior living, and a variety of rehabilitative and healthcare services. Trading near its 52-week high of $158.45, the company has demonstrated strong momentum and consistent growth. Investors seeking detailed analysis can access the comprehensive Pro Research Report available on InvestingPro, which provides in-depth insights into Ensign’s valuation, growth metrics, and future prospects. This information is based on a press release statement from The Ensign Group, Inc.
In other recent news, The Ensign Group has reported its first-quarter 2025 earnings, which exceeded analyst expectations. The company’s adjusted earnings per share (EPS) came in at $1.52, surpassing the forecasted $1.49, while revenue matched projections at $1.2 billion, marking a 16.1% increase compared to the previous year. Ensign Group has also expanded its operations by acquiring three skilled nursing facilities in California and Idaho, effective June 2025. This expansion is part of a larger transaction initially announced in December 2024 and includes facilities from Providence Home and Community Care. Furthermore, Ensign’s real estate subsidiary, Standard Bearer Healthcare REIT, is set to purchase the real estate for one of these facilities, pending regulatory approval. In a separate development, The Pennant Group has elected Suzanne D. Snapper, CFO of The Ensign Group, as a new board director, following a shareholder vote at their annual meeting. These developments highlight the ongoing strategic growth and leadership changes within both companies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.