MISSION VIEJO, Calif., June 30, 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 it has acquired The Orchard Post-Acute Care Center, a 162-bed skilled nursing facility in Whittier, California. An Ensign subsidiary has been operating the facility since January 2006 under a sublease arrangement with the ground lessee. The underlying ground lease has a remaining term of 20 years. The acquisition was effective yesterday, June 29, 2015.
"We are pleased to own the ground lease at The Orchard, which we have operated as a subleased facility for nearly 10 years," said Christopher Christensen, Ensign's President and Chief Executive Officer. He added, "We are especially thrilled for The Orchard's experienced and dedicated team, who are excited that they have the opportunity to continue their success for many more years to come ."
Mr. Christensen also stated that the purchase further demonstrates Ensign's deep and long-term commitment to the Whittier healthcare community. He also 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 hospice services, urgent care services and other rehabilitative and healthcare services at 150 facilities, twelve hospice companies, fourteen home health businesses, three home care businesses and seventeen 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.