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Ensign Group acquires healthcare campus in Arizona (NASDAQ:ENSG)

by Index Investing News
July 6, 2022
in Financial
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Ensign Group (NASDAQ:ENSG) mentioned on Wednesday that it has acquired the actual property and operations of Villa Maria Submit Acute and Rehabilitation, a 65-bed expert nursing facility, Villa Maria Wellness Residing, a 31-bed assisted dwelling facility and Tucson Restoration at Villa Maria, a 30-bed behavioral well being unit, every situated in Tucson, Arizona.

The true property was acquired by a subsidiary of Commonplace Bearer Healthcare REIT, Inc., Ensign’s captive actual property firm, and the acquisition was efficient July 1, 2022.

In separate transactions on the identical day, Ensign mentioned that along with Villa Maria, Commonplace Bearer additionally added 4 new actual property property, one in all which additionally included new operations, as follows: the actual property and operations of The Eden of Las Colinas, a 118-bed expert nursing facility, situated in Irving, Texas; and the actual property of Premier Care Middle of Palm Springs, a 99-bed expert nursing facility situated in Palm Springs, California, Brookside Healthcare Middle, a 97-bed expert nursing facility situated in Redlands, California, and Broadway Villa Submit Acute, a 138-bed expert nursing facility situated in Sonoma, California, every of which is operated by an unbiased working subsidiary of Ensign.

Concurrently on the identical day, Ensign introduced that its associates entered into new long-term leases on 5 new operations one situated in Henderson, Nevada; and the 4 in Texas.

All of those acquisitions had been additionally efficient July 1, 2022 and produce Ensign’s rising portfolio to 258 healthcare operations, 26 of which additionally embody senior dwelling operations, throughout 13 states.

Ensign subsidiaries, together with Commonplace Bearer, now owns 105 actual property property.



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