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 urgent care subsidiary, Immediate Clinic Seattle, Inc., agreed to terms to sell its 14 urgent care operations in the greater Seattle area, along with two additional locations currently under construction, The Ensign Group announced Wednesday.
The buyer is MultiCare Health System, a not-for-profit health care organization with a comprehensive network that includes 15 urgent care centers in the Puget Sound region, along with 11 RediClinics inside select Rite Aid stores, according to a news release. The purchase price was not disclosed.
“We are very proud of what our Immediate Clinic team has created, which is one of the largest and most respect urgent care platforms in the Seattle area,” Ensign’s President and CEO Christopher Christensen said in the release. “While we still believe urgent care is an important health care service, we determined that we can better use our resources by focusing on the post-acute continuum, including sub-acute, skilled nursing, physical therapy, home health, hospice, assisted living and other services our various operations provide.”
The sale means Ensign has offloaded all of its urgent care assets, as the company sold Integrity Urgent Care in Colorado earlier this year. As further emphasis of its focus on the post-acute continuum, Ensign earlier this year completed the acquisition of 18 skilled nursing operations in Texas.
Ensign’s investor relations firm had not responded to Senior Housing News’ request for comment as of press time.
The Immediate Clinic Seattle transaction is slated to close Dec. 11 and remains subject to certain closing conditions.
Written by Kourtney Liepelt