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SAN JUAN CAPISTRANO, Calif. - The Ensign Group, Inc. (NASDAQ:ENSG), a diversified provider of healthcare services with a market capitalization of $8.4 billion and impressive revenue growth of 14.8% over the last twelve months, has expanded its portfolio with the acquisition of three skilled nursing facilities, the company announced Monday. According to InvestingPro analysis, the company maintains a "GREAT" financial health score, positioning it well for continued expansion. The operations of Toluca Lake Transitional Care in North Hollywood, California, and two Idaho-based facilities, Ironwood Rehabilitation and Care Center and Lakeside Rehabilitation and Care Center in Coeur d’Alene, have been acquired, effective June 1, 2025.
The North Hollywood acquisition is a continuation of a larger transaction involving eight facilities from Providence Home and Community Care, initially announced in December 2024. The real estate for Toluca Lake Transitional Care will be purchased by Standard Bearer Healthcare REIT, Inc., Ensign’s real estate subsidiary, pending regulatory approval.
Barry Port, Ensign’s CEO, expressed enthusiasm for the addition of the California facility, highlighting its strategic fit within the market. Adam Willits, President of Flagstone Healthcare South LLC, Ensign’s California subsidiary, emphasized the potential for collaboration with the facility’s existing team to enhance care and service.
In Idaho, the acquisitions are subject to a long-term triple net master lease with a third-party landlord. These additions bring Ensign’s total operations count to 347 healthcare facilities, including 44 senior living operations, spread across 17 states. The company’s real estate ownership through its subsidiaries, including Standard Bearer, now encompasses 144 properties.
The Ensign Group continues to actively pursue opportunities to acquire and lease healthcare-related businesses, with a focus on skilled nursing and senior living facilities nationwide. The company’s independent operating subsidiaries offer a range of services, including skilled nursing, senior living, and various rehabilitative therapies.
The information in this article is based on a press release statement from The Ensign Group, Inc. The company’s stock is currently trading near its 52-week high, reflecting market confidence in its expansion strategy. For deeper insights into Ensign Group’s financial health and growth prospects, including 10+ additional ProTips and comprehensive analysis, visit InvestingPro, where you’ll find detailed research reports and expert analysis.
In other recent news, The Ensign Group reported its first-quarter 2025 earnings, surpassing Wall Street expectations with an adjusted earnings per share (EPS) of $1.52, slightly above the forecasted $1.49. The company’s revenue reached $1.2 billion, reflecting a 16.1% increase year-over-year and aligning with projections. Ensign Group also expanded its operations into four new states, thereby enhancing its market footprint. Looking ahead, Ensign Group projects its 2025 earnings per share to be between $6.22 and $6.38, with expected annual revenue ranging from $4.89 billion to $4.94 billion. Meanwhile, The Pennant Group announced the appointment of Suzanne D. Snapper as a new board director, following a shareholder vote. Snapper, who is also the CFO of The Ensign Group, brings extensive financial and operational expertise to Pennant’s board. This appointment is effective immediately, with Snapper serving as a Class III director eligible for reelection in 2028.
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