The Ensign Group Purchases Skilled Nursing Facility in Texas
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 Duncanville Healthcare and Rehabilitation Center, a 124-bed skilled nursing facility in Texas, which will be operated by a third party under a triple net lease. Additionally, ENSG acquired both real estate and operations of Timber Springs Transitional Care, a 120-bed facility in Boise, Idaho.
These acquisitions, effective July 1, 2025, expand Ensign's portfolio to 348 healthcare operations across 17 states, including 44 senior living operations. The company's real estate portfolio through Standard Bearer now includes 146 real estate assets. Ensign continues to actively seek opportunities for real estate acquisition and healthcare business leasing throughout the United States.
Positive
- Portfolio expansion with two strategic skilled nursing facility acquisitions
- Diversification of revenue streams through third-party operator partnership in Texas
- Growth of real estate portfolio to 146 assets through Standard Bearer REIT
- Geographic expansion in key markets of Texas and Idaho
Negative
- Additional operational complexity from managing relationships with third-party operators
- Increased exposure to real estate market risks
News Market Reaction – ENSG
On the day this news was published, ENSG declined 1.25%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 through a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, it 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.
“We are delighted to add this facility to Standard Bearer’s portfolio in Texas,” said Chad Keetch, Ensign's Chief Investment Officer. “Standard Bearer is always looking for opportunities to acquire real estate and work with other quality operators. We identified this facility and operating partner as tremendous fits for our organization and are very excited to work together,” he added.
In a separate transaction on the same day, Ensign announced 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 and the facility will be operated by an Ensign-affiliated tenant.
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 on July 2, 2025?
How many healthcare facilities does Ensign Group now operate after these acquisitions?
What is Standard Bearer Healthcare REIT's role in Ensign Group's acquisitions?
How will the Duncanville Healthcare facility in Texas be operated?
In which states does Ensign Group currently operate?
