Welcome to our dedicated page for Ensign Group news (Ticker: ENSG), a resource for investors and traders seeking the latest updates and insights on Ensign Group stock.
The Ensign Group, Inc. (ENSG) operates through subsidiaries that provide skilled nursing, senior living, physical, occupational and speech therapy, other rehabilitative and healthcare services, and healthcare real estate. Its business includes skilled services operations and real estate held through Standard Bearer Healthcare REIT, Ensign’s captive real estate company.
Recurring Ensign news covers facility and real estate acquisitions, expansions of affiliated healthcare operations, long-term lease arrangements, operating and financial results, dividend declarations, capital-structure updates, governance matters, and healthcare regulatory disclosures. Company updates frequently connect operating growth with skilled nursing facilities, senior living communities, rehabilitation services, and Standard Bearer real estate assets.
The Ensign Group, Inc. (Nasdaq: ENSG) announced plans to release its first quarter 2023 financial results on April 26, 2023. This will be followed by a live conference call on April 27, 2023, at 10:00 a.m. PT (1:00 p.m. ET) where management will discuss the company’s performance. Ensign operates 290 healthcare facilities across various states, providing skilled nursing, senior living services, and rehabilitative therapies. Investors can tune in to the webcast or access the financial information on the company’s investor website. The recorded webcast will be available for replay until May 26, 2023.
The Ensign Group, Inc. (Nasdaq: ENSG) announced a quarterly cash dividend of $0.0575 per share, payable by April 30, 2023, to shareholders on record as of March 31, 2023. This marks a continuation of the company's history as a dividend-paying entity since 2002. Ensign operates 290 healthcare facilities across multiple states, providing a range of services including skilled nursing and rehabilitative care.
The Ensign Group (NASDAQ: ENSG) announced its participation in the Oppenheimer & Co. Inc. 33rd Annual Healthcare Conference, scheduled for March 14, 2023, at 10:40 a.m. Eastern Time. The company's CEO Barry Port, CFO Suzanne Snapper, and CIO Chad Keetch will present insights into operations and growth strategies. A live webcast will be available, and an archived version will be accessible for 90 days post-event. Ensign operates 290 healthcare facilities across various states, providing skilled nursing and senior living services, along with therapies and rehabilitative care. More information can be found on their website.
The Ensign Group, Inc. (Nasdaq: ENSG) announced the acquisition of Hampden Hills Post Acute, a 218-bed skilled nursing facility in Aurora, Colorado, and Mapleton Post Acute, an 84-bed skilled nursing facility in Lakewood, Colorado. These acquisitions became effective on March 1, 2023, and will operate under long-term, triple net leases. Ensign now manages 290 healthcare operations across 13 states, including 26 with senior living services. CEO Barry Port expressed enthusiasm for expanding in Colorado and integrating these facilities with existing operations, while the company continues to seek additional acquisition opportunities.
The Ensign Group reported strong financial results for Q4 and FY 2022, highlighting a GAAP diluted EPS of $1.06 for the quarter and $3.95 for the year, marking increases of 23.3% and 13.7%, respectively. Adjusted EPS rose to $1.10 and $4.14 for the quarter and year. Total revenues reached $3.025 billion, up 15.1% year-over-year. The company achieved consistent occupancy growth across skilled services, with same store operations increasing by 2.9%. Ensign anticipates 2023 diluted EPS guidance of $4.60-$4.74, indicating a 12.8% rise from 2022, backed by strong liquidity of $316.3 million in cash.
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) has announced gross proceeds of approximately $185 million from disposition activities since September 30, 2022. This includes a significant portfolio of skilled nursing properties sold for over $200,000 per bed, yielding around 7% cash yield for the year ending September 30, 2022. The net proceeds were applied to reduce borrowings under the revolving credit facility. Additionally, 24 properties transitioned from North American to Ensign (Nasdaq: ENSG) and Avamere. CEO Rick Matros highlighted the commitment to capital allocation and balance sheet management amid an uncertain macro environment.
The Ensign Group (Nasdaq: ENSG) announced the acquisition of operations for 17 skilled nursing facilities in California, effective February 1, 2023. This transaction adds 1,462 operational beds to its portfolio, increasing its total to 288 healthcare operations across 13 states. Ensign has entered into two triple net leases with Sabra Health Care REIT for the properties, with terms of 18 and 20 years. Ensign's leadership expressed confidence in the transition despite agency staffing challenges, aiming for these facilities to significantly contribute to the organization’s success.
The Ensign Group, Inc. (Nasdaq: ENSG) has announced that it will release its fourth quarter and fiscal year 2022 financial results on February 2, 2023. Following this, a live webcast is scheduled for February 3, 2023, at 10:00 a.m. PT, where management will discuss the company's performance. The Ensign Group operates 271 healthcare facilities across various states, providing skilled nursing, senior living services, and therapies. Interested investors can access the webcast and related financial information via the company's investor website. This marks a significant event for stakeholders anticipating the company's financial metrics.
The Ensign Group, Inc. (NASDAQ: ENSG) has announced a quarterly cash dividend of $0.0575 per share, payable by January 31, 2023, to shareholders on record as of December 31, 2022. This marks the company's twentieth consecutive annual dividend increase, highlighting its strong market position and commitment to shareholder value. Ensign has been a dividend-paying company since 2002 and operates 271 healthcare facilities across several states, including California and Texas. The CEO expressed optimism about long-term growth prospects.
The Ensign Group (NASDAQ: ENSG) announced the acquisition of Brighton Care Center and Malley Transitional Care Center, effective December 1, 2022, adding to its portfolio of skilled nursing services in Colorado. This acquisition expands Ensign's operations to 271 healthcare facilities across 13 states. The company aims to enhance operational efficiency and quality of care in its growing portfolio, which includes 108 real estate assets. CEO Barry Port expressed optimism about the strategic fit of these facilities within Ensign's existing operations.