Greystone provided a $17.18 million loan insured by the Department of Housing and Urban Development (HUD) to refinance the 103-unit skilled nursing facility Sapphire Estates Rehab Centre in Tucson, Ariz. The HUD-insured Section 223(a)(7) financing carries a new 40-year term with a low fixed interest rate, and was originated by Greystone managing director Eric Rosenstock […]
Ensign Group
The Ensign Group (Nasdaq: ENSG) kicked off 2021 by acquiring the operations of three skilled nursing facilities in Southern California with 99 beds apiece: Golden Hill Post Acute in San Diego, St. Catherine Healthcare in Fullerton, and Camino Healthcare in Hawthorne. The transaction closed on New Year’s Day, and the San Juan Capistrano, Calif.-based Ensign […]
The Ensign Group’s (Nasdaq: ENSG) skilled nursing facilities, like many others across the U.S., have been hit by the COVID-19 pandemic, and received federal government assistance to help ease the financial strains caused by the emergency. But the San Juan Capistrano, Calif.-based operator is doing well enough that it raised its 2020 annual earnings guidance […]
Sabra Health Care REIT (Nasdaq: SBRA) on Wednesday announced the $18.4 million sale of a skilled nursing and transitional facility leased to operator Genesis HealthCare (NYSE: GEN), formally concluding a long-term disposition plan that began in 2017. The August 1 transaction also saw the unnamed buyer assume $17.6 million in mortgage debt, backed by the […]
The Ensign Group (Nasdaq: ENSG) has been on a roll for countless quarters, and not even the early effects of a world-historic pandemic were enough to prevent the skilled nursing heavyweight from logging another record quarter to start 2020. The San Juan Capistrano, Calif.-based operator saw a 28.3% increase in its per-share earnings over the […]
The stock market was rocked on Monday by a combination of factors, including concerns about the novel coronavirus, with a sharp downturn Monday morning triggering a temporary halt on trading — and the Dow Jones Industrial Average, the S&P 500, and the Nasdaq all ending the day down more than 7%. But even though the […]
The Ensign Group (Nasdaq: ENSG) picked up where it left off in 2019 with a single skilled nursing and assisted living facility acquisition in San Antonio, Texas. The San Juan Capistrano, Calif.-based nursing facility giant on Tuesday announced the purchase of The Healthcare Center at Patriot Heights, a combined facility with 59 skilled nursing beds […]
The Ensign Group (Nasdaq: ENSG) acquired the operations of four skilled nursing facilities in Dallas, effective December 1, in addition to picking up the real estate and operations of another SNF in Mesa, Ariz. The four Dallas properties include the Crestwood Health and Rehabilitation Center, which has 112 skilled nursing beds and 72 assisted living […]
The Ensign Group (Nasdaq: ENSG) this week delivered on a promise to continue its rapid expansion, announcing the acquisition of six more skilled nursing properties — to bring its total portfolio to 208. The first set of properties includes three buildings in San Antonio, Texas: Hunters Pond Rehabilitation and Healthcare, a skilled nursing facility with […]
White Oak Healthcare Finance secured an $81 million credit facility for 14 skilled nursing facilities owned by GMF Capital, White Oak announced last week. The transaction included a $66 million senior credit facility to refinance the properties, located in Ohio and Kentucky, along with a $15 million line of credit for the operating company. GMF […]
The Ensign Group (Nasdaq: ENSG) announced the acquisition of the 200th skilled nursing facility in its rapidly expanding portfolio, while also reporting yet another round of sunny quarterly earnings results — which saw the operator boost overall skilled nursing income by 31.1% from this time last year. The San Juan Capistrano, Calif.-based operator picked up […]
Despite multiple quarters of record earnings and a stock price that dwarfs that of other publicly traded skilled nursing companies, executives at The Ensign Group (Nasdaq: ENSG) said that investor skittishness over SNF assets played a major role in their decision to spin off its home health and senior housing business lines into a new […]
The Ensign Group (Nasdaq: ENSG) on Monday announced a plan to spin off its non-skilled nursing assets into a separate publicly traded company. The Mission Viejo, Calif.-based operator will shift its home health, hospice, and senior living assets into a new firm known as The Pennant Group, Inc., with the deal tentatively set to close […]
The Ensign Group (Nasdaq: ENSG) acquired four skilled nursing facilities in California and two post-acute retirement campuses that include skilled nursing units in Arizona, the provider announced Thursday. The move continues Ensign’s active push for expansion, which the company touched on in its fourth-quarter earnings call. Ensign has seen strong growth from its opportunistic acquisitions, […]
Leading skilled nursing provider The Ensign Group (Nasdaq: ENSG) on Thursday announced that it has successfully completed a five-year Department of Health and Human Services (HHS) oversight period. The Mission Viejo, Calif.-based company initially entered into a corporate integrity agreement (CIA) with the HHS Office of the Inspector General (OIG) back in October 2013; at […]
Skilled nursing provider The Ensign Group (Nasdaq: ENSG) on Thursday announced a series of leadership changes that will bring a new CEO to the company by spring. Barry Port, currently chief operating officer of the company’s Ensign Services arm, will take the reins from Christopher Christensen effective May 30, while Christensen transitions to executive chairman […]
The traditional relationships between skilled nursing facilities and their real estate investment trust (REIT) partners have come under increasing scrutiny amid high-profile restructuring efforts and bankruptcies — and the leader of one of the nation’s largest care providers said Monday that the existing models just don’t work. “I would argue that the traditional REIT structure […]
The Ensign Group (Nasdaq: ENSG) on Thursday announced the acquisition of Bella Terra Cedar City, a 120-bed skilled nursing facility in Cedar City, Utah. The transfer, which includes both the real estate and operations, became effective January 1, and the terms of the deal were not disclosed. Milestone Healthcare, Ensign’s Utah-based portfolio subsidiary, will operate […]
Greystone Provides $14.6M HUD-Insured Loan for Tarrytown Healthcare Facility New York City-based Greystone provided a $14.59 million permanent loan insured by the Department of Housing and Urban Development to refinance Tarrytown Hall Care Center in Westchester County, New York. The Federal Housing Administration financing carries both a 35-year term and amortization period at a low, […]
The Ensign Group (Nasdaq: ENSG) this week announced the acquisition of a new office building for its Service Center employees. The 115,000-square-foot space in San Juan Capistrano, Calif. will replace a leased space in Mission Viejo, Calif., where the skilled nursing provider is currently based. “After considering dozens of possibilities over the last 18 months, […]