ENSG - The Ensign Group Acquires Long-Term Acute Care Hospital and Skilled Nursing Facility in Utah | Benzinga
SAN JUAN CAPISTRANO, Calif., May 01, 2024 (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 South Davis Specialty Care a 95-bed skilled nursing operation, located in Bountiful, Utah and Western Peaks Specialty Hospital, a 43-bed long-term acute care hospital (LTACH) located in Bountiful, Utah. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company, and the acquisition is effective as of May 1, 2024.
"This acquisition represents a milestone in our organization, as it is the first acquisition of a long-term acute care hospital in our company's history," said Barry Port, Ensign's Chief Executive Officer. "We have been carefully reviewing this opportunity for some time and believe we have the leadership in place for a successful transition into a new line of business. We ...