What a difference a weekend makes. On Friday, The Ensign Group (Nasdaq: ENSG) shares were down 6.12% at market close, after a new skilled nursing facility (SNF) payment system was floated by the Centers for Medicare & Medicaid Services (CMS). On Monday, shares were up 7.30% as of mid-afternoon, following a strong quarterly earnings announcement, […]
Ensign
Already embattled, publicly traded skilled nursing providers and real estate investment trusts (REITs) had an especially tough day on Friday. Shares were down across the sector on the heels of the Centers for Medicare & Medicaid Services (CMS) revealing details of a possible overhaul to the payment system for skilled nursing facilities (SNFs). The current […]
The Ensign Group (Nasdaq: ENSG) saw its share price decline sharply Thursday on disappointing quarterly earnings, but CEO Christopher Christensen said he has high hopes for 2017—and singled out assisted living and independent living as especially promising service lines. Mission Viejo, California-based Ensign provides a broad range of post-acute care, with about 17,700 skilled nursing […]
The Ensign Group (Nasdaq: ENSG) now owns the real estate of 15 Wisconsin assisted living properties, which the company has been operating for more than a year. Mission Viejo, California-based Ensign did not disclose the purchase price, but the transaction was funded from cash using the company’s revolver and was effective Dec. 21, according to […]
The Ensign Group (Nasdaq: ENSG) is narrowing its focus more on post-acute and senior living by offloading its urgent care operations. The parent company of the Ensign group of skills nursing, rehabilitative care services, home health care, hospice, assisted living and urgent care companies, The Ensign Group is based in Mission Viejo, California. The company’s […]
Senior Housing Properties Trust Announces $620 Million Mortgage Financing on Boston Seaport Buildings Real estate investment trust (REIT) Senior Housing Properties Trust (Nasdaq: SNH) announced that it has closed on a $620 million, 10-year, non-amortizing mortgage loan that matures in August 2026. The loan is secured by two Class A, 15 story life-science buildings, which […]
This week, Senior Housing News readers learned how distress in the health care industry overall might impact senior housing, why National Health Investors Inc. (NYSE: NHI) is keen on skilled nursing, and delved into the mind of Marquis Companies President and CEO Phil Fogg. This Week in Review California’s Largest Nonprofit Senior Living Provider Announces Leadership […]
Aviv REIT Announces $94 Million Acquisition Aviv REIT, Inc. (NYSE:AVIV) announced it has acquired two assisted living facilities and one skilled nursing facility for $82 million, in addition to two parcels of land for $12.2 million. With the parcels of land, Aviv has gained the entitlements for construction of two new assisted living facilities and […]
Capitol Seniors Housing Buys 97-Unit California Property Real estate services firm Cushman & Wakefield recently announced the sale of Fremont Hills, a 97-unit Class A assisted living and memory care community in Fremont, Calif. Capitol Seniors Housing purchased the property for an undisclosed amount and MBK Senior Living will manage it. Cushman & Wakefield arranged […]
Aviv REIT Acquires Kentucky Skilled Nursing Facility for $6 Million Aviv REIT, Inc. (NYSE: AVIV) announced June 2 the acquisition of a Kentucky-based post-acute and long-term care skilled nursing facility for $6 million. The SNF is triple-net leased to existing Aviv operator Diversicare Healthcare Services, an operator of 49 facilities in 9 states. The acquisition […]
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