Ensign Breaks Into New Local Market in Arizona, Deepens Footprint in Colorado

The Ensign Group (Nasdaq: ENSG) has added two skilled nursing properties to its portfolio, bringing its overall portfolio to 312 skilled nursing facility operations, inclusive of 29 senior living operations, across 14 states.

The latest acquisitions were 32-bed Wellsprings of Gilbert in Arizona, and 58-bed The Springs at St. Andrews Village in Aurora, Colorado. Ensign has added 1,306 beds so far this year, according to a report from investment bank, Stephens Inc.

“We are very excited about our continued growth in Colorado, where some of our organization’s best local leaders are poised to set the standard for post-acute care at this community,” Ensign CEO Barry Port said in a statement.


The two additions follow seven SNF acquisitions across six states in the beginning of May for the San Juan Capistrano, Calif.-based company.

“We are thrilled to add this outstanding team of caregivers to our team of top-notch clinical and operational leaders,” Dave Jorgensen, president of Endura Healthcare, said in a statement. Endura is Ensign’s Colorado-based subsidiary.

The Arizona acquisition represents a new local market entry for Ensign, while the company currently operates another facility in Aurora, Colorado – Hampden Hills Post Acute, which has 218 beds.


Stephens analysts estimate average occupancy rates for the Arizona and Colorado properties are 76.3% and 58.9% respectively. Wellsprings was acquired by a subsidiary of Standard Bearer, Ensign’s captive real estate investment trust (REIT), effective June 1.

“We look forward to working together with the local healthcare communities and an outstanding team of caregivers as we strive to exceed the clinical and social needs of each resident we are honored to serve,” Forrest Peterson, president of Bandera Healthcare, said in a statement. Similar to Endura, Bandera is Ensign’s Arizona-based subsidiary.

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