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Stock impact report

Ensign Expands Footprint With Buyout of Eight Healthcare Facilities [Yahoo! Finance]

The Ensign Group, Inc. (ENSG) 
Last the ensign group, inc. earnings: 2/5 04:18 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ensigngroup.net
Company Research Source: Yahoo! Finance
ENSG recently announced that it has agreed to buy eight healthcare facilities in Alaska, Washington, Oregon, and California, subject to approvals and closing conditions. These operations are being acquired from Providence Home and Community Care, and the real estate assets are being purchased by Standard Bearer Healthcare REIT, Inc., Ensign's real estate subsidiary. This move will allow Ensign to enter new markets in Alaska and Oregon, enhancing its geographic reach and diversifying its portfolio. Six facilities will be managed by Ensign-affiliated operating companies, and two will be leased to third-party operators under long-term agreements. This transaction is expected to be effective in the next few months. The acquisition deals have increased Ensign's portfolio to encompass 330 healthcare operations in 16 states. Of these, 32 also have senior living operations. The company, along with its subsidiaries like Standard Bearer, now owns 134 real estate properties. The acquisitio Show less Read more
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