The Ensign Group (NASDAQ:ENSG) saw its adjusted net income climb 9.8% to $14.56 million in the second quarter ended June 30, 2012, despite last October’s 11.1% reduction in Medicare payment rates to skilled nursing facilities and a change in therapy regulations making it more expensive to deliver physical and other types of therapy to skilled […]
The Ensign Group
The Ensign Group, Inc. (NASDAQ:ENSG) announced on Tuesday it had acquired a 150-bed skilled nursing facility located in Paris, Tex. for an undisclosed price. A subsidiary of Keystone Care, Inc. will operate Paris Nursing & Rehabilitation Center, which was 59% occupied at time of acquisition. The prior owners opened operations on the relatively new facility […]
Ventas Completes Previously-Announced Cogdell Spencer Acquisition Ventas, Inc. (NYSE:VTR) announced on Monday, April 2 that it had completed its previously announced acquisition of Cogdell Spencer (NYSE:CSA). “With the closing of the accretive Cogdell acquisition, Ventas is now the largest owner of medical office buildings (“MOBs”) in the U.S. with over 21 million square feet of […]
One of the hardest parts of getting a senior to move into a retirement community is convincing them to leave their home, but some places are making conscious efforts to allow individuals to personalize the residences they’re about to move into in a bid to make them more home-like and attractive. At one of Gainsville, […]
Early spring temperatures have given rise to the promise of summer. While spring blooms maybe on the horizon, sprouts in the job world of senior housing are starting to appear in 2012. Looking for nice buds to plant in your organizational garden? Post your jobs online with Senior Housing News for $50 for sixty days. […]
The Ensign Group (NASDAQ:ENSG) announced on Wednesday that it had acquired Hillcrest Haven Convalescent Hospital, a 113-unit skilled nursing facility in Pocatello, Ida. The asset acquisition was effective on Thursday, March 1. “We look forward to enhancing the quality of skilled nursing care services provided to Hillcrest Haven’s present and future patients, and helping them […]
The Ensign Group, Inc. (NASDAQ:ENSG) announced on March 5 that its urgent care joint venture, Immediate Clinic LLC, has acquired Doctors Express, a national urgent care franchise system, effective Thursday, March 1. “The combination of the Doctors Express franchise system with Immediate Clinic’s company-owned walk-in clinics broadens our reach into the urgent care business,” said […]
Beech Street Capital Closes $8.9 Million Refinance for New Jersey SNF Beech Street Capital, LLC announced that it provided an $8.9 million HUD Section 223(a)(7) loan to refinance Arcadia Nursing & Rehabilitation Center, a 128-bed skilled nursing facility in Hamilton Square, New Jersey. The borrower had 28 years left on an existing $9 million FHA-insured […]
This article is part of a series following “Will the Nation Go Broke Paying for Senior Housing & Long-Term Care?“ The whole aging-in-place movement can be scary for senior housing providers who worry about how their occupancy levels might be affected with seniors increasingly wishing to remain in their own homes, but they can take […]
The Ensign Group, Inc. (NASDAQ:ENSG) announced on Feb. 13 that an Ensign subsidiary had acquired Connected Home Health, a small home health agency based in Portland, Oregon, effective as of Feb. 10, 2012. “We are pleased with the growth and development of our home health businesses thus far, and this lateral diversification broadens Ensign’s reach […]
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