The Ensign Group, Inc. [NASDAQ: ENSG] made an announcement that it has purchased the three skilled nursing facilities in Colorado. The three nursing facilities include South Valley Post-Acute Rehabilitation, a 106-bed skilled nursing facility situated in Denver, CO, Boulder Canyon Health and Rehabilitation, a 140-bed skilled nursing facility situated in Boulder, CO, and Berthoud Care and Rehabilitation, a 76-bed skilled nursing facility situated in Berthoud, CO.
Strategic Benefit of the Acquisition
The firm has disclosed that the buying brings the increasing portfolio of ENSG to 235 healthcare operations. Out of 235 operations, 22 of which include aided living operations, across thirteen states. Moreover, ENSG held 94 real estate assets.
Mr. Port asserted that Ensign is enthusiastically looking for chances to buy real estate and to lease both well-performing and struggling skilled nursing, assisted living, and other healthcare-related businesses across the US.
Furthermore, it has been disclosed that these purchases came into action on April 1, 2021, and will be dependent on a long-term, triple net lease. The CEO of the firm has commented that the firm is delighted to acquire these operations and add these to its Colorado Operations. The firm is hoping and is confident about future operations after the acquisition.