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SAN JUAN CAPISTRANO - The Ensign Group, Inc. (NASDAQ:ENSG), a healthcare operator with an $8.6 billion market capitalization and "GREAT" financial health according to InvestingPro, announced Wednesday it has acquired Timber Springs Transitional Care, a 120-bed skilled nursing facility in Boise, Idaho, expanding its healthcare operations portfolio.
The transaction, effective July 1, includes both real estate and operations. The property was acquired through Standard Bearer Healthcare REIT, Inc., Ensign’s real estate subsidiary, while an Ensign-affiliated tenant will manage operations.
In a separate transaction on the same day, Standard Bearer acquired 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 under a long-term triple-net lease.
"This facility is a great fit for our cluster," said Steve Farnsworth, President of Pennant Healthcare LLC, Ensign’s northwest subsidiary, regarding the Idaho acquisition.
With these additions, Ensign’s portfolio now encompasses 348 healthcare operations, including 44 senior living facilities, across 17 states. The company’s subsidiaries own 146 real estate assets.
Barry Port, Ensign’s Chief Executive Officer, stated the company is seeking opportunities to acquire real estate and lease both well-performing and struggling healthcare-related businesses throughout the United States.
The Ensign Group provides skilled nursing and senior living services, rehabilitation therapies, and other healthcare services through its network of facilities in states including California, Texas, Washington, and Arizona, according to the company’s press release statement.
In other recent news, The Ensign Group, Inc. has made significant acquisitions in the healthcare sector, expanding its portfolio with new facilities in Texas, Idaho, and California. The company has acquired the real estate and operations of Timber Springs Transitional Care in Boise, Idaho, and Toluca Lake Transitional Care in North Hollywood, California, as part of a larger transaction involving eight facilities. Additionally, Ensign has purchased the operations of Ironwood Rehabilitation and Care Center and Lakeside Rehabilitation and Care Center in Coeur d’Alene, Idaho. These transactions, effective as of June 1, 2025, are part of Ensign’s ongoing strategy to acquire real estate and lease healthcare operations nationwide.
In leadership news, Ensign announced the upcoming retirement of Executive Chairman Christopher Christensen, effective September 1, 2025. CEO Barry R. Port will succeed him as Chair of the Board of Directors while maintaining his current executive role. Marivic Uychiat has been appointed to fill Christensen’s board seat, bringing her extensive experience in nursing and leadership to the position. In related news, Suzanne D. Snapper, CFO of Ensign, has been elected as a new board director for The Pennant Group, Inc., a network of affiliated healthcare services. Her appointment follows a shareholder vote at Pennant’s annual meeting.
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