Ensign Group closes on expansion in Tennessee, adds first operation in Alabama

Ensign Group (ENSG) acquired the operations of nine skilled nursing facilities in Tennessee and Alabama, including among others: Meadowbrook Healthcare and Rehabilitation Center, 83-bed skilled nursing facility located in Pulaski, Tennessee; Legacy Park Health and Rehabilitation, a 176-bed skilled nursing facility located in Knoxville, Tennessee; VanAyer Senior Living and Rehabilitation, a 91-bed skilled nursing facility located in Martin, Tennessee; Union City Health and Rehabilitation, a 115-bed skilled nursing facility located in Union City, Tennessee; Decatur County Healthcare, a 125-bed skilled nursing facility located in Parsons, Tennessee. Six of these operations are jointly owned by CareTrust REIT (CTRE) and a joint venture investor and are subject to a new, long-term triple net master lease with Ensign affiliated operating companies effective January 1. The remaining three operations were purchased by Standard Bearer Healthcare REIT, Ensign’s captive real estate subsidiary effective December 31, 2024. All nine operations are operated by Ensign affiliated operating companies.