ENSG - Ensign Group acquires healthcare campus in Arizona

Ensign Group ( NASDAQ: ENSG ) said on Wednesday that it has acquired the real estate and operations of Villa Maria Post Acute and Rehabilitation, a 65-bed skilled nursing facility, Villa Maria Wellness Living, a 31-bed assisted living facility and Tucson Recovery at Villa Maria, a 30-bed behavioral health unit, each located in Tucson, Arizona.

The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company, and the acquisition was effective July 1, 2022.

In separate transactions on the same day, Ensign said that in addition to Villa Maria, Standard Bearer also added four new real estate assets, one of which also included new operations, as follows: the real estate and operations of The Eden of Las Colinas, a 118-bed skilled nursing facility, located in Irving, Texas; and the real estate of Premier Care Center of Palm Springs, a 99-bed skilled nursing facility located in Palm Springs, California, Brookside Healthcare Center, a 97-bed skilled nursing facility located in Redlands, California, and Broadway Villa Post Acute, a 138-bed skilled nursing facility located in Sonoma, California, each of which is operated by an independent operating subsidiary of Ensign.

Concurrently on the same day, Ensign announced that its affiliates entered into new long-term leases on five new operations one located in Henderson, Nevada; and the four in Texas.

All of these acquisitions were also effective July 1, 2022 and bring Ensign's growing portfolio to 258 healthcare operations, 26 of which also include senior living operations, across thirteen states.

Ensign subsidiaries, including Standard Bearer, now owns 105 real estate assets.

For further details see: