MISSION VIEJO, Calif., July 7, 2014 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq:ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies, announced today that it acquired Beacon Hill Rehabilitation, a 67-bed skilled nursing facility in Longview, Washington. The acquisition was effective July 1, 2014.
"We have been fortunate to develop a strong team in the Northwest and in the State of Washington, and this acquisition presented yet another opportunity to reinforce our presence there," said Christopher Christensen, Ensign's President and Chief Executive Officer. He added, "We could not be more pleased with the team of caregivers, the legacy of service, and the potential this acquisition brings into the Ensign portfolio," he added.
Ensign is operating Beacon Hill under a long-term master lease arrangement. At acquisition, the occupancy rate at Beacon Hill was approximately 75%, and the facility is expected to be mildly accretive to earnings in 2014.
This acquisition brings Ensign's growing portfolio to 126 healthcare facilities, nine hospice companies, ten home health agencies and twelve urgent care clinics across 12 states.
The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, home health and hospice services, urgent care services and other rehabilitative and healthcare services at 126 facilities, nine hospice companies, ten home health businesses and twelve urgent care clinics in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon and Wisconsin. More information about Ensign is available at http://www.ensigngroup.net.
CONTACT: The Ensign Group, Inc., (949) 487-9500, firstname.lastname@example.org
Source:The Ensign Group, Inc.