Ensign Group Inc Stock Price, News & Analysis

The Ensign Group has expanded its healthcare portfolio with multiple strategic acquisitions. The company acquired Toluca Lake Transitional Care, a 52-bed skilled nursing facility in North Hollywood, California, with its real estate to be acquired by Standard Bearer Healthcare REIT. Additionally, Ensign acquired operations of two Idaho facilities: Ironwood Rehabilitation (80 beds) and Lakeside Rehabilitation (100 beds) in Coeur d'Alene. These acquisitions bring Ensign's portfolio to 347 healthcare operations, including 44 senior living facilities across 17 states. The company owns 144 real estate assets through its subsidiaries. The California facility was part of a larger seven-facility acquisition from Providence Home and Community Care announced in December 2024, while the Idaho facilities operate under a long-term triple net master lease with a third-party landlord.

CareTrust REIT (NYSE:CTRE) has secured a new $500 million unsecured term loan, expanding its existing $1.2 billion credit facility. The term loan, maturing in May 2030, includes an accordion feature allowing up to $800 million in additional borrowing capacity. The company plans to use the funds to pay off its $475 million revolver balance, fund acquisitions, and support general corporate purposes. Additionally, CareTrust announced two strategic hires: Roger Laty as SVP of Tax, bringing 30 years of real estate tax expertise, and Derek Bunker as SVP of Strategy and Investor Relations, with extensive healthcare services experience. These moves strengthen CareTrust's position for continued growth in its healthcare portfolio across the US and UK markets.

The Ensign Group (NASDAQ: ENSG) announced its participation in the upcoming 2025 RBC Capital Markets Global Healthcare Conference scheduled for May 20, 2025. The company's leadership team, including CEO Barry Port, CIO Chad Keetch, and Steve Farnsworth, President of Pennant Healthcare LLC, will present at 9:30 a.m. Eastern Time.

The presentation will focus on the company's operations, growth strategy, and related information. A live webcast will be available, with a recording accessible for up to one year after the event. Ensign Group operates 344 healthcare facilities across 17 states, providing skilled nursing, senior living services, physical, occupational and speech therapies, and other healthcare services.

The Ensign Group (NASDAQ: ENSG) has acquired Marianwood Health and Rehabilitation, a 117-bed skilled nursing facility in Issaquah, Washington, through its subsidiary Standard Bearer Healthcare REIT. The acquisition, effective May 1, 2025, is part of a larger acquisition of eight facilities from Providence Home and Community Care announced in December 2024. The facility will be operated by an Ensign-affiliated tenant and strategically clusters with existing locations. With this addition, Ensign's portfolio expands to 344 healthcare operations, including 44 senior living operations across 17 states, with Standard Bearer owning 144 real estate assets.

The Ensign Group reported strong Q1 2025 results, with GAAP earnings per share reaching $1.37 (up 15.1%) and adjusted earnings per share of $1.52 (up 16.9%). The company achieved record-breaking performance with net income of $80.3 million, a 16.6% increase year-over-year.

Key highlights include improved facility occupancy rates, with Same Facilities reaching 82.6% (up 2.9%) and Transitioning Facilities at 83.5% (up 5.0%). The company expanded significantly, adding 47 new operations since 2024, including 19 new facilities in Q1 2025.

In response to strong performance, Ensign raised its 2025 guidance:

• Annual earnings forecast: $6.22 to $6.38 per diluted share
• Revenue guidance: $4.89 billion to $4.94 billion

The company maintains strong liquidity with $282.7 million cash on hand and $572.1 million available credit. Ensign's portfolio now includes 343 healthcare operations across 17 states, with 143 owned real estate assets.

The Ensign Group (NASDAQ: ENSG) has announced it will release its first quarter 2025 financial results on Tuesday, April 29, 2025. The company will host a live webcast on Wednesday, April 30, 2025, at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) to discuss Q1 2025 performance.

The webcast will be available for replay through May 31, 2025, at 5:00 p.m. Pacific time via the company's investor relations website. Ensign Group, through its operating subsidiaries, provides skilled nursing and senior living services, rehabilitation therapies, and healthcare services across 343 healthcare facilities in 17 states including Alabama, Alaska, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin.

CareTrust REIT (NYSE:CTRE) has announced two strategic facility acquisitions in California, totaling approximately $55 million. The first acquisition, completed on April 1, 2025, involves a Los Alamitos campus featuring a 150-bed skilled nursing facility and 140-bed residential care facility. This was structured through a joint venture with $34 million investment at a 9.7% initial yield, leased to The Ensign Group under a 15-year NNN agreement.

The second acquisition, completed on March 1, 2025, is a 160-bed residential care facility in Concord, California, purchased for $20.6 million. This facility will be operated by Kalesta Healthcare Group under an existing master lease, generating approximately $1.9 million in first-year annual cash rent. Both investments were funded using cash on hand and include CPI-based annual escalators.

The Ensign Group (NASDAQ: ENSG) has announced multiple strategic acquisitions effective April 1, 2025. The company acquired Pacific Haven Subacute and Healthcare Center, a 99-bed skilled nursing facility in Garden Grove, California, through its REIT subsidiary Standard Bearer Healthcare.

In separate transactions, Ensign acquired operations of Alamitos West Health and Rehabilitation (142-bed nursing facility) and Katella Senior Living Community (68-unit) in Los Alamitos, California. Standard Bearer also purchased real estate assets including Emilie Court Assisted Living (60-unit) in Spokane, Washington, and Mother Joseph Care Center (152-bed) in Olympia, Washington.

These acquisitions expand Ensign's portfolio to 343 healthcare operations, including 44 senior living operations across 17 states. The company's subsidiaries now own 143 real estate assets.

The Ensign Group (ENSG) has announced multiple strategic acquisitions across Washington and California. Through its real estate subsidiary Standard Bearer Healthcare REIT, the company acquired Emilie Court Assisted Living (60 units) in Spokane, WA and Mother Joseph Care Center (152 beds) in Olympia, WA. These properties will be operated by third-party operators under long-term triple net leases.

In separate transactions, ENSG acquired Pacific Haven Subacute and Healthcare Center (99 beds) in Garden Grove, CA, including both real estate and operations. Additionally, the company obtained operational control of Alamitos West Health and Rehabilitation (142 beds) and Katella Senior Living Community (68 units) in Los Alamitos, CA, under third-party landlord leases.

These April 1, 2025 acquisitions expand Ensign's portfolio to 343 healthcare operations, including 44 senior living facilities across 17 states, with 143 owned real estate assets.