The Ensign Group Exercises Purchase Options on Two California Skilled Nursing Facilities

The Ensign Group, Inc. ENSG, announced today that it has acquired the underlying real estate and other operating assets of Whittier Hills Healthcare Center, a 160-bed skilled nursing facility in Whittier, California and Ukiah Healthcare Center, a 57-bed skilled nursing facility in Ukiah, California. Ensign subsidiaries have been operating the facilities since July of 2000 and January of 2002, respectively, under leases with an option to purchase. The acquisitions were effective August 23, 2011. "These purchases reflect our deep and long-term commitment to these two communities in particular, and to the state of California generally," said Christopher Christensen, Ensign's President and Chief Executive Officer. He added that these facilities are among Ensign's more mature operations and that he expects these facilities to continue to build on the outstanding reputations they have developed in the markets they serve.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsM&AHealth CareHealth Care Facilities
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!