The Ensign Group Continues Growth in Idaho

Rhea-AI Summary

The Ensign Group (NASDAQ: ENSG) has announced two strategic real estate acquisitions through its captive real estate company, Standard Bearer Healthcare REIT. The company acquired Timber Springs Transitional Care, a 120-bed skilled nursing facility in Boise, Idaho, which will be operated by an Ensign-affiliated tenant.

In a separate transaction, Standard Bearer acquired Duncanville Healthcare and Rehabilitation Center, a 124-bed skilled nursing facility in Duncanville, Texas, which will be operated by a third party under a triple-net lease. Both acquisitions are effective July 1, 2025.

With these additions, Ensign's portfolio now encompasses 348 healthcare operations, including 44 senior living operations across 17 states, with 146 owned real estate assets.

Positive

• Strategic expansion of real estate portfolio with two new skilled nursing facilities
• Growth in operational footprint to 348 healthcare facilities across 17 states
• Strengthened presence in the northwest market through the Idaho acquisition
• Diversification of revenue through mix of affiliated and third-party operations

Negative

• Increased exposure to skilled nursing sector risks
• Additional operational complexity from managing expanded portfolio

SAN JUAN CAPISTRANO, Calif., July 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 real estate and operations of Timber Springs Transitional Care, a 120-bed skilled nursing facility located in Boise, Idaho. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and the facility will be operated by an Ensign-affiliated tenant.

“We are excited to add another quality operation in Idaho to our portfolio,” said Barry Port, Ensign's Chief Executive Officer. “Adding this facility to Standard Bearer’s growing presence in the northwest is an exciting development for our organization and highlights the growth we are currently experiencing both operationally and with real estate,” he added.

Steve Farnsworth, President of Pennant Healthcare LLC, Ensign’s northwest subsidiary, added, “This facility is a great fit for our cluster, and we are excited to watch our local leadership work with these caregivers to provide exceptional service and care to our residents and their families.”

In a separate transaction on the same day, Standard Bearer, through one of its subsidiaries, acquired the real estate to Duncanville Healthcare and Rehabilitation Center, a 124-bed skilled nursing facility located in Duncanville, Texas. The facility will be operated by a third-party operator and is subject to a long-term triple-net lease.

These acquisitions are effective as of July 1, 2025, and bring Ensign's growing portfolio to 348 healthcare operations, which includes 44 senior living operations, across 17 states.  Ensign subsidiaries, including Standard Bearer, own 146 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 348 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

What acquisitions did Ensign Group (NASDAQ:ENSG) announce in July 2025?

Ensign Group acquired two skilled nursing facilities: Timber Springs Transitional Care (120 beds) in Boise, Idaho, and Duncanville Healthcare and Rehabilitation Center (124 beds) in Duncanville, Texas.

How many healthcare facilities does Ensign Group now operate after these acquisitions?

Following these acquisitions, Ensign Group's portfolio includes 348 healthcare operations, with 44 senior living operations across 17 states, and ownership of 146 real estate assets.

Who will operate the newly acquired Ensign Group facilities?

The Boise facility will be operated by an Ensign-affiliated tenant, while the Duncanville facility will be operated by a third-party operator under a long-term triple-net lease.

What is Standard Bearer Healthcare REIT's role in Ensign Group?

Standard Bearer Healthcare REIT is Ensign Group's captive real estate company that acquires and owns healthcare real estate assets for the organization.

In which states does Ensign Group currently operate?

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.