Ensign Group (ENSG) Increases Reno, NV, Presence w/ New Facility Acquisition
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The Ensign Group, Inc. (Nasdaq: ENSG), has acquired Park Place Assisted Living, a 60-unit assisted living facility in Reno, Nevada. The asset acquisition was effective on Wednesday, February 1, 2012.
The purchase was made with cash and brings Ensign's growing portfolio to 103 healthcare facilities, 78 of which are Ensign-owned, three hospice companies and four home health businesses in 10 states. Ensign affiliates hold purchase options on five of their 25 leased facilities. Mr. Christensen reaffirmed that Ensign is actively seeking additional opportunities to acquire both well-performing and struggling skilled nursing, assisted living and other healthcare-related businesses across the United States.
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The purchase was made with cash and brings Ensign's growing portfolio to 103 healthcare facilities, 78 of which are Ensign-owned, three hospice companies and four home health businesses in 10 states. Ensign affiliates hold purchase options on five of their 25 leased facilities. Mr. Christensen reaffirmed that Ensign is actively seeking additional opportunities to acquire both well-performing and struggling skilled nursing, assisted living and other healthcare-related businesses across the United States.
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