Nursing home operators may see a long phase-in for a federal minimum staffing requirement, and a host of exceptions, when more details finally come – but, it’s difficult to speculate on hypotheticals and may not help operators to dwell on the “what-ifs.” That’s according to Ensign Group (Nasdaq: ENSG) CEO Barry Port, who weighed in […]
The Pennant Group
By Nick Andrews Invesque has plans to continue to trim its portfolio in 2022 following a big fourth-quarter push that led to a record-breaking year for dispositions. The latest transactions show continued movement away from skilled nursing and toward seniors housing. Carmel, Indiana-based Invesque (TSE: IVQ.U) sold more than $210 million in assets in 2021, […]
The Ensign Group (Nasdaq: ENSG) is adding five senior living communities to its portfolio. The skilled nursing heavyweight has entered into a definitive agreement with The Pennant Group (Nasdaq: PNTG) to transfer the operations of the five communities to Ensign affiliates. The communities, which are located in Washington, Arizona and California, are near skilled nursing […]
Invesque Inc. (TSE: IVQ.U) sold a five-property portfolio with a $93 million price tag to The Ensign Group, marking an end to the owner/operator relationship between the two companies. Invesque, which went public in June 2016 with skilled nursing making up 75% of its portfolio, continues to divest from the sector with nursing homes now […]
Skilled nursing giant The Ensign Group (Nasdaq: ENSG) continues to see patient flows revert back to normal trends, as momentum from its bolstered first quarter occupancies continues into the second quarter. The San Juan Capistrano, Calif.-based provider on Wednesday reported ‘record’ operating results for the second financial quarter ending June 30 — with adjusted earnings […]
As skilled nursing facilities across the U.S. have begun to see occupancy rates rise, policymakers continue to reevaluate where care is delivered in the post-acute setting. The pendulum continues to shift toward at-home care. Just last month, the Biden administration unveiled a $400 billion plan to expand coverage of home-and community-based services, noting, in particular, […]
Skilled nursing giant The Ensign Group (Nasdaq: ENSG) continues to be immune from COVID-era pressures, posting another quarter of record earnings and plotting out post-pandemic growth — with an eye toward taking a page from its spinoff of its non-SNF business lines. The San Juan Capistrano, Calif.-based Ensign has engaged with advisors to potentially capitalize […]
Nursing home operator The Ensign Group (Nasdaq: ENSG), fresh off of a year of solid operational results that prompted another complete return of federal aid, on Thursday indicated a growing push to capitalize on the value of its owned real estate. The San Juan Capistrano, Calif.-based operator reported net income of $46.3 million in the […]
The Ensign Group (Nasdaq: ENSG) has emerged as a rare publicly traded skilled nursing powerhouse, with steady expansion across the country and persistently solid quarterly earnings numbers. But CEO Barry Port is hesitant to take the credit. Instead, he’s content to chalk up Ensign’s success to its legion of regional leaders, many of whom have […]
Despite spinning off a significant chunk of its business lines into a separate company this year, executives at The Ensign Group (Nasdaq: ENSG) are confident that they can continue growing at the same rate as in the past. The San Juan Capistrano, Calif.-based skilled nursing operator again turned in strong quarterly earnings stats, with increased […]
The Ensign Group (Nasdaq: ENSG) on Tuesday announced the successful completion of a plan to spin off all of its non-skilled nursing business lines into a separate company, The Pennant Group (Nasdaq: PNTG). The San Juan Capistrano, Calif.-based post-acute company’s board approved the plan at the end of August, nearly four months after it was […]