The Ensign Group (ENSG) Acquires Paris Nursing & Rehabilitation Center; Accretive to 2012

Article Stock Quotes (1) Comments (0)

The Ensign Group, Inc. (NASDAQ: ENSG) has acquired Paris Nursing & Rehabilitation Center, a 150-bed skilled nursing facility located in Paris, Texas. The asset acquisition was effective on Friday, June 1, 2012.

"We are confident that this beautiful facility and the wonderful team of caregivers we inherited are well positioned to become the facility of choice for Paris' present and future patients," said Rick Forscutt, President of Keystone Care, Inc., a subsidiary of which will operate Paris. He added that Ensign expects the newly-acquired facility, which had an occupancy rate of 59% at acquisition, to be accretive to earnings in 2012.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Bausch & Lomb near deal to sell to Valeant Pharmaceuticals (VRX) - WSJ
• SAP AG (SAP) talks to buy Jive Softwar (JIVE) ended- Bloomberg
• Sprint (S), SoftBank Receive Final State Regulatory Approval in Proposed Deal

Create E-mail Alert Related Categories

Corporate News, Mergers and Acquisitions

Related Entities

Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?