MISSION VIEJO, Calif., May 1, 2013 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq:ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health, hospice care, assisted living and urgent care companies, announced today that it acquired Omaha Nursing Center located in Omaha, Nebraska. The acquisition will be effective as of May 1, 2013.
"This strategic acquisition offers tremendous operating synergies for Ensign's existing operational base in Nebraska and Iowa," said Christopher Christensen, Ensign's President and Chief Executive Officer. "We are especially pleased to be joining Omaha's vibrant and well-regarded healthcare community," he added.
Michael Clegg, President of Ensign's Nebraska-based Gateway Healthcare subsidiary, noted that the operations in this facility are in good condition, adding, "the former operator has done an incredible job of creating a caring, competent and patient-centered environment", and that Gateway and Ensign are hoping to enhance and build upon what he called "the outstanding foundation of quality care already present." He added that staff, resident and community response to Ensign's acquisition of the facility has been overwhelmingly positive and that he expects the facility, which had an occupancy rate of approximately 78% at acquisition, to be mildly accretive to earnings in 2013.
In a separate transaction on the same day, an Ensign subsidiary also acquired two healthcare and senior housing facilities in Washington. Cascade Vista, a 110-bed skilled nursing facility will be operated by a subsidiary of Pennant Healthcare, Inc., Ensign's Northwest-based portfolio subsidiary. Cascade Plaza, a 90-unit assisted living will be operated by a subsidiary of Bridgestone Living, Inc., Ensign's assisted living-based portfolio subsidiary.
The purchases were made with cash and bring Ensign's growing portfolio to 116 healthcare facilities, 93 of which are Ensign-owned, seven hospice companies and nine home health businesses across 11 states. Ensign affiliates hold purchase options on two of its 23 leased facilities. Mr. Christensen reaffirmed that Ensign is actively seeking additional opportunities to acquire 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 116 facilities, seven hospice companies, nine home health businesses and five urgent care clinics in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska and Oregon. More information about Ensign is available at http://www.ensigngroup.net.
CONTACT: The Ensign Group, Inc., (949) 487-9500, email@example.com
Source:The Ensign Group, Inc.