Ensign Group expands with eight skilled nursing facilities

Published 03/11/2025, 12:06
Ensign Group expands with eight skilled nursing facilities

BIRMINGHAM - The Ensign Group, Inc. (NASDAQ:ENSG) has acquired eight skilled nursing facilities across Alabama and Utah, the company announced Monday in a press release. The healthcare provider, currently valued at $10.32 billion, continues its expansion strategy that has contributed to its 16.31% revenue growth over the last twelve months.

The healthcare services provider acquired the operations of The Health Center of Eastview, a 90-bed skilled nursing facility in Birmingham, Alabama, effective November 1, 2025. The facility is subject to a long-term, triple net lease with a third-party landlord.

In a separate transaction on the same day, Ensign acquired both the real estate and operations of seven skilled nursing facilities in Utah with a combined capacity of 338 beds. The properties are located in American Fork, Cedar City, Washington Terrace, Orem, Richfield, South Jordan, and Springville.

The real estate assets in Utah were purchased by subsidiaries of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, while operations were leased to Ensign-affiliated operators under long-term agreements.

"We are thrilled to add another operation to our growing Alabama market," said Barry Port, Ensign’s Chief Executive Officer, regarding the Birmingham acquisition.

Tyler Albrechtsen, President of Southstone Healthcare LLC, Ensign’s Alabama-based subsidiary, said the company looks forward to "providing top notch quality of care to the residents and families of The Health Center of Eastview."

With these additions, Ensign now operates 369 healthcare facilities, including 47 senior living operations, across 17 states. The company’s subsidiaries, including Standard Bearer, own 155 real estate assets.

According to the press release, Ensign is continuing to seek opportunities to acquire real estate and lease healthcare businesses throughout the United States.

In other recent news, Ensign Group reported strong financial results for the second quarter of 2025. The company’s adjusted diluted earnings per share (EPS) rose by 20.5% to $1.59. Additionally, consolidated revenue increased by 18.5% to $1.2 billion. These figures highlight Ensign Group’s robust financial performance and growth strategy. The recent earnings report has been a focal point for investors, reflecting confidence in the company’s market position. No recent mergers or acquisitions were reported for Ensign Group. There were also no recent analyst upgrades or downgrades mentioned for the company. These developments underscore the current financial health and strategic direction of Ensign Group.

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