The Ensign Group (Nasdaq: ENSG) acquired the real estate and operations of the 130-bed Phoenix Mountain Post Acute skilled nursing facility, effective April 1.
The community had an average occupancy rate of about 80% at the time of the acquisition, according to Jim Guschl, president of Bandera Healthcare, Inc., Ensign’s Arizona-based subsidiary.
“We have admired the Phoenix Mountain team for many years and are excited to join forces to make this operation even better with the addition of our world-class clinical and operational resources and Service Center partners,” Guschl said in a statement announcing the deal.
Ensign also acquired a memory care unit in Lewisville, Texas, in a separate transaction announced the same day. The acquisitions bring the Mission Viejo, Calif.-based operator’s portfolio to 191 skilled nursing properties, 24 of which also include assisted living operations; 57 assisted and independent living communities; 24 hospice agencies; 25 home health agencies; and seven home care businesses across 16 states.
Delta Healthcare Management to Open Nursing Home in Bullard, Texas
Stakeholders broke ground on a new 119-bed nursing home planned in Bullard, Texas, the Tyler Morning Telegraph reported. The facility will be owned and operated by Delta Healthcare Management, which is based Louisiana and has some locations in East Texas, the publication noted.
The facility will accept patients for short-term rehab and long-term care, in addition to offering hospice services. It was subsidized through a $1 million grant that Bullard received from the Texas Department of Agriculture. The facility is expected to employ 100 people from the outset, Bullard mayor Pam Frederick told the Telegraph.
Champaign County Finally Sells Urbana Nursing Home
The Champaign County Nursing Home in Urbana was officially sold after months of delays and financial bailouts, The News-Gazette reported. The sale was finalized on April 1, county executive Darlene Kloeppel told the publication.
The nursing home, which will now be called University Rehabilitation Center of C-U, had a final sale price of $11 million, but there were $1.34 million in credits to the buyer negotiated as adjustments against the final amount, she said. The buyer has expressed the intention of investing more than $1 million in the nursing home over the next several years, she added.
The sale was initially approved in May of last year, but was dragged out over a period of several months as problems arose. The sale had been originally projected to close on November 30, 2018.
Companies featured in this article:
Delta Healthcare Management, Ensign Group Inc., The News-Gazette, Tyler Morning Telegraph
