MISSION VIEJO, Calif., Feb. 05, 2018 (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 and assisted living companies, announced today that Bridgestone Living LLC, Ensign’s assisted and independent living portfolio company, acquired the real estate and operations of two assisted living facilities in Texas. The acquisition was effective February 1, 2018, and includes:
- Cedar Hills Senior Living, a 37-unit assisted living facility in Cedar Hill, Texas; and
- Deer Creek Senior Living, a 37-unit assisted living facility in DeSoto, Texas.
“These two operations complement our growing number of assisted living and skilled nursing operations in the Dallas area,” said Ensign's President and Chief Executive Officer, Mr. Christopher Christensen. He added, “The strength of our team of local operational and clinical leaders in the Dallas market provides an excellent foundation from which we can continue to build.”
"We are thrilled to add these communities to the Bridgestone family and welcome the opportunity to serve the residents and their families for many years to come,” said John Gurrieri, President of Bridgestone. He added that these facilities had a combined occupancy rate of 78% at the time of acquisition.
These additions bring Ensign's growing portfolio to 181 skilled nursing operations, 21 of which also include assisted living operations, 51 assisted and independent living operations, twenty hospice agencies, eighteen home health agencies and four home care businesses across fifteen states. Ensign owns the real estate at 65 of its 232 healthcare operations. Mr. Christensen reaffirmed that the organization is actively seeking opportunities to acquire real estate and to lease both well-performing and struggling skilled nursing, assisted living and other healthcare related businesses throughout 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 and other rehabilitative and healthcare services at 232 healthcare facilities, twenty hospice agencies, eighteen home health agencies and four home care businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon, Wisconsin, Kansas, South Carolina, and Oklahoma. More information about Ensign is available at http://www.ensigngroup.net.
The Ensign Group, Inc., (949) 487-9500, firstname.lastname@example.org
SOURCE: The Ensign Group, Inc.
Source:The Ensign Group, Inc.