Ensign Group Inc Stock Price, News & Analysis

The Ensign Group (Nasdaq: ENSG) has acquired Lila Doyle Post Acute, a 120-bed skilled nursing facility in South Carolina, effective November 1, 2022. This acquisition enhances Ensign's portfolio, which now includes 269 healthcare operations across 13 states. The facility is located on the Prisma Health Oconee Memorial Hospital campus, acquired through a 30-year ground lease. CEO Barry Port emphasized the importance of strengthening their partnership with Prisma Health to provide exceptional care.

The Ensign Group, Inc. (Nasdaq: ENSG) reported strong Q3 2022 results, with GAAP diluted earnings per share of $0.99 (up 19.3%) and adjusted earnings per share of $1.04 (up 14.3%). Consolidated revenues reached $770 million, a 15.2% increase year-over-year. Key highlights include improved same store occupancy rates and a record number of acquisitions, adding 17 new operations during the quarter. The company raised its 2022 earnings guidance to $4.10-$4.18 per share and revenue guidance to $3.01-$3.03 billion, reflecting optimism in operational growth and strong financial health.

The Ensign Group, Inc. (Nasdaq: ENSG) announced it will release its third quarter 2022 financial results on October 26, 2022. The company, which operates 268 healthcare facilities across multiple states, also invites investors to join a live webcast on October 27, 2022, at 10:00 a.m. Pacific Time, where management will discuss Q3 performance. The webcast will be available for replay until November 25, 2022. More information can be found on the Ensign Group's investor website.

The Ensign Group, Inc. (Nasdaq: ENSG) announced the acquisition of Fountain Hills Post Acute, a 64-bed skilled nursing facility in Arizona, effective October 1, 2022. This acquisition adds to Standard Bearer Healthcare REIT's real estate portfolio and enhances Ensign's operational presence in Maricopa County. Additionally, Ensign has entered into long-term leases for eight new skilled nursing facilities in Texas and South Carolina, expanding its portfolio to 268 healthcare operations across 13 states. Ensign is actively seeking further acquisition opportunities.

The Ensign Group announced the acquisition of six skilled nursing facilities in Texas, effective October 1, 2022. The facilities acquired include Brodie Ranch, Onion Creek, Riverside, West Oaks, Lakeside, and Mystic Park, totaling 730 beds across Austin and San Antonio. Each acquisition will involve a long-term, triple net lease. Additionally, Ensign affirmed its strategy to actively seek more acquisition opportunities in skilled nursing and senior living sectors. This brings Ensign's operational portfolio to 268 healthcare facilities across thirteen states.

The Ensign Group (ENSG) announced the acquisition of two skilled nursing facilities in South Carolina: Oak Harbor Healthcare and Oak View Health and Rehabilitation, effective October 1, 2022. This strategic move aims to expand its operations in the South Carolina market. Additionally, Ensign's affiliate Standard Bearer acquired Fountain Hills Post Acute in Arizona. The company's portfolio now includes 268 healthcare operations across 13 states, with plans for further acquisitions. CEO Barry Port emphasized the company's commitment to enhancing care in the new facilities.

The Ensign Group, Inc. (NASDAQ: ENSG) has declared a quarterly cash dividend of $0.055 per share of common stock. This dividend is payable by October 31, 2022, to shareholders of record as of September 30, 2022. Ensign has consistently paid dividends since 2002, reflecting its commitment to returning value to shareholders. The company operates 259 healthcare facilities across multiple states, providing a range of healthcare services, including skilled nursing and rehabilitative therapies.

The Ensign Group, Inc. (Nasdaq: ENSG) announced second-quarter 2022 results with GAAP diluted earnings per share of $1.01, a 16.1% increase year-over-year. Total revenues reached $732.5 million, up 14.7%. Skilled services revenue grew 14.6% to $702.5 million. Occupancy rates improved by 1.8% for same store and 6.4% for transitioning facilities.

The company raised its 2022 earnings guidance to $4.05-$4.15 per diluted share and revenue guidance to $2.96-$3.0 billion. Ensign added 11 new operations and 6 real estate assets in the quarter, demonstrating strong growth potential.

The Ensign Group (Nasdaq: ENSG) announced its acquisition of Park Manor of McKinney, a 138-bed skilled nursing facility in Texas, effective August 1, 2022. This acquisition, executed by a subsidiary of Standard Bearer Healthcare REIT, Inc., expands Ensign's portfolio to 259 healthcare operations across thirteen states. CEO Barry Port emphasized the company’s commitment to growth, with ongoing efforts to acquire additional real estate and healthcare facilities in the U.S. The acquisition strengthens Ensign's operational capabilities and enhances its real estate assets, now totaling 106.