The Ensign Group (Nasdaq: ENSG) acquired the operations of two skilled nursing facilities in Commerce City, Colo., effective March 1, the provider announced Tuesday.
The two SNFs, the 105-bed Ridgeview Post Acute and the 83-bed Irondale Post Acute, will be subject to triple-net leases.
“We are thrilled to add these two operations to our growing presence in Colorado,” Ensign CEO Barry Port said in a statement announcing the deal. “These acquisitions fit very nicely into our existing operations and demonstrate our commitment to the greater Denver health care market.”
The SNFs bring Ensign’s portfolio to 216 skilled nursing operations.
“Our local leaders and our top-notch team of clinical resources are very excited to work together with our new team members as we strive to enhance the experience of each patient we serve and their families,” Dave Jorgensen, president of Endura Healthcare, Inc., Ensign’s Colorado-based subsidiary, said in the statement.
Senior Living Investment Brokerage Helps REIT Sell Arizona SNF
Senior Living Investment Brokerage (SLIB) sold a 143-bed SNF in Yuma, Arizona, on behalf of a national real estate investment trust (REIT) looking to divest it as a geographic outlier.
The SNF, which was built in 1964 with renovations in 2011 and 2018, was purchase by “a regional operator with strong presence and track record in Arizona,” according to a press release announcing the deal.
The transaction was led by Jeff Binder, Jason Punzel, and Brad Goodsell of SLIB
UPMC Sells Frostburg Nursing and Rehabilitation Center to NY-Based Owner-Operator
The University of Pittsburgh Medical Center (UPMC) Western Maryland sold the Frostburg Nursing and Rehabilitation Center, an 88-bed SNF located in Frostburg, Md., to a New York-based owner and operator with SNFs in Maryland and other East Coast states.
The deal closed on March 1. The facility will be renamed Mountain City Rehabilitation Center; the total price tag on the transaction, which was handled by Healthcare Transactions Group, was not disclosed.
The SNF provides skilled nursing care and rehabilitation services, as well as a 22-bed secure Alzheimer’s/dementia unit.
Mark Davis, president of Healthcare Transactions Group, served as UPMC’s mergers and acquisitions advisor.