×

The Ensign Group Acquires Home Health Operations in San Jose, California

MISSION VIEJO, Calif., June 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 care, hospice care, assisted living and urgent care companies, announced today that Cornerstone Healthcare, Inc., Ensign's home health and hospice portfolio subsidiary, had acquired Managed Care at Home, a Medicare and Medi-Cal certified home health agency serving the San Jose area from an office in Milpitas, California. The acquisition was effective June 1, 2015.

"We are pleased to announce this new addition to our home health operations," said Christopher Christensen, Ensign's President and Chief Executive Officer. "Home Health services continue to be an essential part of our effort to build the post-acute continuum of care, and we are pleased to expand our offerings into the strategic San Jose market."

"Managed Care at Home brings with it an extraordinary group of talented, committed caregivers and deep community relationships," said Cornerstone's President and Chief Executive Officer Daniel Walker. "We are committed to providing life-changing home health services to our patients and their families," Walker continued, "and look forward to extending that commitment to the residents of San Jose and surrounding communities."

With the acquisition, Cornerstone now owns ten home health and hospice operations, four home health only operations, two hospice only operations, and three private duty homecare operations in nine western states. Mr. Walker also affirmed that he expects the operations to be accretive to earnings in 2015.

Mr. Christensen reaffirmed that Cornerstone is actively seeking additional opportunities to acquire both well-performing and struggling home health, hospice, and home care operations across the United States.

About Ensign™:

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 150 facilities, ten home health and hospice operations, four home health only operations and two hospice only operations three 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, ir@ensigngroup.net

Source:The Ensign Group, Inc.