MISSION VIEJO, Calif., Aug. 4, 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 Citrus Hills Assisted Living, a 71-unit assisted living facility in Orange, California, and Whittier Glen Assisted Living, a 69-unit assisted living facility in Whittier, California. Both acquisitions were effective August 4, 2015.
"We are excited to have these teams join us, and are grateful for the outstanding foundation of quality care already established at these facilities," said Christopher Christensen, Ensign's President and Chief Executive Officer. He added, "With a strong presence in Southern California and dedicated local leadership, we are in a unique position to provide an unparalleled standard of care for the residents, their families and the local community," he added.
Ensign is operating both facilities under long-term leases. At acquisition, the occupancy rate across both facilities was approximately 81% and the facilities are expected to be mildly accretive to earnings in 2015.
"We are pleased to welcome such devoted and experienced teams to our growing assisted living operations," said John Gurrieri, President of Bridgestone Living LLC, Ensign's seniors housing subsidiary. He added, "We could not be more excited about the opportunity to join together with an excellent group of caregivers in serving those entrusted in our care."
These acquisitions bring Ensign's growing portfolio to 178 healthcare facilities, thirteen hospice agencies, fourteen home health agencies, three home care businesses and seventeen 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 178 facilities, thirteen hospice agencies, fourteen home health agencies, 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.