The Ensign Group (ENSG) announced that it acquired the operations of Ironwood Rehabilitation and Care Center, an 80-bed skilled nursing facility located in Coeur d’Alene, Idaho and Lakeside Rehabilitation and Care Center, a 100-bed skilled nursing facility also located in Coeur d’Alene, Idaho. These acquisitions were effective June 1, and are subject to a long-term, triple net master lease with a third-party landlord. In a separate transaction on the same day, Ensign announced that it acquired the operations of Toluca Lake Transitional Care, a 52-bed skilled nursing facility located in North Hollywood, California. The real estate will be acquired by a subsidiary of Standard Bearer Healthcare REIT, Ensign’s captive real estate company, following receipt of state regulatory approvals. The acquisition was part of the larger acquisition of seven other facilities from Providence Home and Community Care, which was announced in December 2024.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENSG:
- The Ensign Group Holds 2025 Annual Stockholders Meeting
- Pennant Group names Ensign Group CFO Suzanne Snapper to board
- Ensign Group acquires real state and operation of Marianwood nursing facility
- The Ensign Group Reports Strong Q1 2025 Results
- The Ensign Group’s Earnings Call Highlights Robust Growth
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue