MISSION VIEJO, Calif., Feb. 3, 2015 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq:ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health, home care, hospice care, assisted living and urgent care companies, announced today that it acquired the real estate and operations of Mesa Springs, a 44-acre post-acute care campus located in Abilene, Texas comprised of a 75-bed skilled nursing operation and 60 independent living homes. The purchase was made in connection with the Chapter 11 bankruptcy filed by Sears Methodist Retirement System in June of last year and was effective February 1, 2015.
"This remarkable campus is the perfect complement to our existing operations in Abilene," said Christopher Christensen, Ensign's President and Chief Executive Officer. "The combination of these facilities with Ensign's existing operations in West Texas further enhances operating synergies in Abilene's vibrant and well-regarded healthcare community," he added.
Kevin Reese, President of Keystone Care, LLC, Ensign's subsidiary for Texas operations, noted that the operations in this facility are in good condition, adding, "the former operator has done an excellent job of creating a caring, competent and patient-centered environment", and that Keystone hopes to enhance and build upon what he called "the foundation of quality care already present." He added that staff, resident and community response to Ensign's acquisition of the facility has been very positive and that he expects the operation, which had an occupancy rate of approximately 80% at acquisition, to be accretive to earnings in 2015.
This purchase, along with the Omaha, Nebraska acquisition Ensign announced on the same day, brings Ensign's growing portfolio to 143 facilities, eleven hospice agencies, thirteen home health agencies, two home care businesses and sixteen urgent care clinics across 12 states.
Mr. Christensen reaffirmed that Ensign is actively seeking additional opportunities to acquire real estate or to lease both well-performing and struggling skilled nursing, assisted living and other healthcare related businesses across the United 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 home care services, hospice services, urgent care services and other rehabilitative and healthcare services at 143 facilities, eleven hospice agencies, thirteen home health agencies, two home care businesses and sixteen 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.