The Ensign Group, Inc. (Nasdaq:ENSG) announced Wednesday the acquisition of three skilled nursing facilities (SNF) in Texas.
The facilities include San Marcos Rehabilitation and Healthcare Center, a 129-bed SNF in San Marcos; The Courtyard Rehabilitation and Healthcare Center, a 56-bed SNF in Victoria; and La Cila Rehabilitation and Healthcare Center, a 152-bed SNF also in Victoria.
The acquisitions were effective April 1, 2013, according to Ensign.
“These opportunistic acquisitions further solidify Ensign’s presence in the important Southeastern Texas area,” said Christopher Christensen, Ensign’s president and CEO, in a statement.
The acquisitions increased Ensign’s operational base in Texas to 27 skilled nursing facilities and assisted living communities, according to Christensen.
The acquired SNFs will each be operated by a subsidiary of Keystone Care, Inc., Ensign’s Texas-based portfolio subsidiary, said Barry Port, president of Skilled Nursing and Assisted Living Services at Ensign.
The purchases wee made with cash and bring Ensign’s portfolio to 112 healthcare facilities, 90 of which are owned by Ensign. Additionally, the company adds to its seven hospice companies and nine home health businesses across 11 states.
Ensign is actively seeking additional opportunities to acquire both well-performing and struggling skilled nursing, assisted living and other healthcare-related businesses across the U.S., according to Christensen.
Written by Jason Oliva