Ensign Group acquires 17 facilities in Texas, 2 in Wisconsin

Ensign Group (ENSG) announced the acquisition of the real estate and operations of seventeen skilled nursing and senior living facilities in Texas and two facilities in Wisconsin. “We are happy to finally be able to announce this deal which we expect to be a home run for our Texas operators,” said Barry Port, Ensign’s CEO. Port added that through this strategic acquisition, the company added a large number of high-quality properties to its already strong presence in a key state, furthering its reach across the state of Texas. The real estate was acquired by subsidiaries of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and all seventeen facilities will be operated by Ensign affiliated operators. Each of these acquisitions will be effective as of May 1, and bring Ensign’s portfolio to 395 healthcare operations across 17 states.