Transactions The Ensign Group acquires Nebraska campus The Ensign Group announced on Oct. 2 that it acquired St. Joseph Rehabilitation and Care Center and Skyview Villa Assisted Living. According to a press release, both communities are in Norfolk, Nebraska. The acquisition brings Ensign’s portfolio to 324 healthcare operations, 30 of which also include senior living […]
The Ensign Group
A rise in Covid-19 cases and the ongoing labor crunch derailed The Pennant Group’s (Nasdaq: PNTG) momentum in the third quarter of 2021. In a press release distributed ahead of the company’s Nov. 9 earnings call, Pennant leadership warned that the Eagle, Idaho-based company’s third-quarter earnings were negatively affected by its ongoing challenges. “Our efforts […]
Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]
The Covid-19 pandemic has taken a toll on The Pennant Group’s (Nasdaq: PNTG) senior living portfolio, but the company’s leaders are confident it can withstand more pressure in the months ahead. And investors seem to agree, given that the company’s share price jumped 40% to land at $36.77 by the time the markets closed Wednesday. […]
Love Funding closes $16M in HUD financing Love Funding partnered with the Department of Housing and Urban Development (HUD) on two senior housing financing packages totaling $16.04 million. The firm’s parent company, Midland States Bank, was able to complete short-term bridge loans to secure funding. Highlights: A $3.14 million acquisition of Egida Hogar San Antonio, […]
The Pennant Group (Nasdaq: PNTG) was already contending with transitional headwinds related to its spinoff from the Ensign Group (Nasdaq: ENSG) when the coronavirus pandemic added further pressures to operations and liquidity. Compared to other operators, however, the Eagle, Idaho-based provider was able to ride out occupancy declines in the outbreak’s early weeks and reported […]
As with other publicly traded owners, The Pennant Group (Nasdaq: PNTG) has been under pressure from the coronavirus pandemic since mid-March. The Eagle, Idaho-based owner is now seeing an uptick in home health census this month, as well as stabilization in its senior housing occupancy, and believes these trends can continue throughout the second quarter, […]
In its first full quarter as a publicly traded entity, The Pennant Group (Nasdaq: PNTG) posted strong revenues in both of its service segments. But its senior housing portfolio lagged slightly due to transitional headwinds and the Eagle, Idaho-based company will spend 2020 on assisting its operating partners in unlocking the revenue potential of the […]
CareTrust REIT (Nasdaq: CTRE) has spent most of 2019 doing some “spring cleaning” of its portfolio of long-term care facilities — including its senior housing assets — and focused on restructuring its portfolio and transitioning operators in the third quarter with an eye toward future growth in 2020 and beyond. “After five years, a lot […]
Ensign Group senior housing spinoff complete The Ensign Group (Nasdaq: ENSG) completed its spinoff of The Pennant Group (Nasdaq: PNTG), its unit for senior living, home health and hospice properties. The Mission Viejo-based company first announced the spinoff in May. Ensign stockholders received one share of Pennant common stock for every two shares of Ensign […]
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