Ensign Group Expands with New Services in Colorado and Kansas
The Ensign Group, the father or mother firm of the Ensign Group, has expanded its presence within the US with the acquisition of seven nursing houses in Colorado and one in Kansas.
Colorado amenities embody Desert Willow Well being and Rehabilitation Heart in Pueblo, with 106 beds; Junction Creek Well being and Rehabilitation Heart in Durango, with 133 beds; and Pelican Pointe Well being and Rehabilitation Heart in Windsor, with 104 beds.
It additionally consists of Riverbend Well being and Rehabilitation Heart in Loveland, with 100 beds; Broadview Well being and Rehabilitation Heart in Greeley, additionally with 100 beds; Westlake Lodge Well being and Rehabilitation Heart in Greeley, with 107 beds; and Linden Place Well being and Rehabilitation Heart in Longmont, with 110 beds.
The acquisitions are topic to long-term lease agreements with a triple internet character, indicating a secure funding technique for the Ensign Group.
In a separate transaction the identical day, Ensign introduced the acquisition of the Prairie Ridge Well being and Rehabilitation heart in Overland Park, Kansas.
Prairie Ridge is a 102-bed nursing residence.
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Each the Colorado and Kansas offers grew to become efficient Sept. 1, 2024, with all acquired amenities topic to long-term triple-net lease agreements.
With these newest acquisitions, Ensign's portfolio has now grown to 323 healthcare establishments.
Of those whole corporations, 29 are targeted on senior housing, unfold throughout 14 states within the US.
Ensign subsidiaries, akin to Commonplace Bearer, now personal 122 properties.
Ensign CEO Barry Port stated, “We’re excited to proceed our latest growth in Colorado. These operations match completely inside our present footprint within the state.
“Our robust staff of native leaders in Colorado is able to proceed our custom of fantastic scientific management with the addition of those buildings.”
The corporate reaffirmed that it’s actively pursuing alternatives to accumulate actual property and lease high-performing and struggling companies within the nursing residence, senior care and different healthcare sectors within the U.S.
Dave Jorgensen, president of Endura Healthcare, a subsidiary of Ensign Colorado, added, “Our staff is so excited so as to add these operations. We are able to’t wait to carry our expertise and tradition to those amenities and consider they’re an ideal match with our dedication to offering world-class care to the Colorado residents and households we serve.”
