The Ensign Group Acquires Two Skilled Nursing Facilities in Idaho

Rhea-AI Summary

The Ensign Group has expanded its healthcare portfolio with the acquisition of three skilled nursing facilities. In Idaho, the company acquired two facilities in Coeur d'Alene: the 80-bed Ironwood Rehabilitation and Care Center and the 100-bed Lakeside Rehabilitation and Care Center, both under a long-term triple net master lease. Additionally, in California, Ensign acquired the 52-bed Toluca Lake Transitional Care facility in North Hollywood, with its real estate to be acquired by Standard Bearer Healthcare REIT following regulatory approvals. This expansion brings Ensign's portfolio to 347 healthcare operations, including 44 senior living facilities across 17 states, with 144 owned real estate assets. The acquisitions were effective June 1, 2025, demonstrating Ensign's continued strategic growth in the healthcare sector.

Positive

• Expansion of portfolio to 347 healthcare operations across 17 states
• Strategic growth in Idaho market with two new facilities totaling 180 beds
• Addition of 52-bed facility in California market
• Strong real estate portfolio with 144 owned assets
• Long-term triple net master lease structure for Idaho facilities providing stable operations

Negative

• Regulatory approvals pending for California facility real estate acquisition
• Integration costs and challenges of managing multiple new facilities simultaneously

SAN JUAN CAPISTRANO, Calif., June 02, 2025 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign™ group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the operations of Ironwood Rehabilitation and Care Center, an 80-bed skilled nursing facility located in Coeur d’Alene, Idaho and Lakeside Rehabilitation and Care Center, a 100-bed skilled nursing facility also located in Coeur d’Alene, Idaho. These acquisitions were effective June 1, 2025 and are subject to a long-term, triple net master lease with a third-party landlord.

“We are excited to add these two facilities to our increasing presence in Idaho,” said Barry Port, Ensign's Chief Executive Officer. “Coeur d’Alene is an area that we are thrilled to be in and look forward to continued growth around these facilities,” he added.

Steve Farnsworth, President of Pennant Healthcare LLC, Ensign’s northwest subsidiary, added “These facilities are a wonderful fit for us both culturally and operationally and there should be a seamless transition bringing them into our local cluster. The caregivers are amazing, and we can’t wait to work with them to provide incredible service to our residents and their families.”

In a separate transaction on the same day, Ensign announced that it acquired the operations of Toluca Lake Transitional Care, a 52-bed skilled nursing facility located in North Hollywood, California. The real estate will be acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, following receipt of state regulatory approvals. The acquisition was part of the larger acquisition of seven other facilities from Providence Home and Community Care, which was announced in December 2024.

These acquisitions were effective as of June 1, 2025, and bring Ensign's growing portfolio to 347 healthcare operations, which includes 44 senior living operations, across 17 states. Ensign subsidiaries, including Standard Bearer, own 144 real estate assets. Mr. Port reaffirmed that Ensign is actively seeking opportunities to acquire real estate and to lease both well-performing and struggling skilled nursing, senior living and other healthcare related businesses throughout the United States.

About Ensign™

The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 347 healthcare facilities in Alabama, Alaska, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. More information about Ensign is available at http://www.ensigngroup.net.

Contact Information

The Ensign Group, Inc., (949) 487-9500, ir@ensignservices.net

SOURCE: The Ensign Group, Inc.

FAQ

How many facilities did Ensign Group (ENSG) acquire in June 2025?

Ensign Group acquired three skilled nursing facilities: two in Coeur d'Alene, Idaho (Ironwood and Lakeside Rehabilitation and Care Centers) and one in North Hollywood, California (Toluca Lake Transitional Care).

What is the total number of healthcare facilities operated by Ensign Group (ENSG) after these acquisitions?

After these acquisitions, Ensign Group's portfolio includes 347 healthcare operations, with 44 senior living operations across 17 states.

How many beds do the newly acquired Ensign Group (ENSG) facilities have?

The newly acquired facilities include an 80-bed facility and a 100-bed facility in Idaho, plus a 52-bed facility in California, totaling 232 beds.

How many real estate assets does Ensign Group (ENSG) own through Standard Bearer?

Ensign Group owns 144 real estate assets through its subsidiaries, including Standard Bearer Healthcare REIT.

What states are included in Ensign Group's (ENSG) operations?

Ensign Group operates in 17 states: Alabama, Alaska, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin.